Kazakhstan Tax Agency Announces Corporate Income Tax, VAT Benefits for Manufacturing Industry

The Kazakh State Revenue Committee Feb. 28 announced corporate income tax and VAT benefits for the manufacturing industry. The announcement includes measures that: 1) provide manufacturing businesses with a tax deduction for expenses related to the acquisition or construction of buildings and structures for industrial purposes, effective Jan. 1; 2) provide an additional 70 percent VAT credit for new manufacturing companies for the sale of qualified manufactured goods, effective July 1, 2021; and 3) exclude manufacturers of alcoholic beverages, tobacco products, and metallurgical products from claiming the VAT credit. [Kazakhstan, State Revenue Committee, 02/28/22]

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