Kazakhstan President Announces Signing of New Tax Code, Accompanying Law Amending Various Taxes

The Kazakhstani President’s Office July 18 announced the signing of a new Tax Code and accompanying law amending various taxes. The Code includes measures: 1) increasing the basic VAT rate to 16 percent, and introducing a 5 percent reduced VAT rate for medicines and medical services from 2026, and a 10 percent rate from 2027; 2) providing a VAT exemption for guaranteed volume of free medical care (GVFMC) and compulsory social health insurance (CSI) services, qualifying orphan and socially significant disease treatments, and book publishing services; 3) establishing a 10 percent reduced VAT rate for sales of printed periodicals; 4) ...