ASTANA, Kazakhstan, April 9. Serik Zhumangarin, the Deputy Prime Minister and Minister of National Economy, presented proposals to adjust the VAT rate in Kazakhstan during a Majilis (the lower house of the Parliament) meeting, Trend reports.
He stated that socially important food products, book printing, and archaeology will be exempt from VAT. Besides, in the healthcare sector, the government will establish a list of medications that will be VAT-exempt. VAT will only apply to paid medical services, with a rate set at 10 percent.
"To ensure prices do not rise, the Competition Protection Agency, in collaboration with the government, will analyze the justification of current pricing," Zhumangarin added.
Moreover, a special tax regime will introduce a prohibitive list, replacing the current permissive one. According to Zhumangarin, the manufacturing sector will be taxed at a 20 percent corporate income tax (CIT) rate.
In the social sector, the CIT will be set at 5 percent in Kazakhstan starting in 2026, rising to 10 percent in 2027. Banking operations will also be subject to VAT.
