The procedure for the refund of value added tax has been simplified

In order to reduce business costs and simplify the VAT refund procedure, the Ministry of Finance of the Republic of Kazakhstan has made a number of changes to the Rules for VAT Refund (Order of the Minister of Finance of the Republic of Kazakhstan dated March 12, 2024 No. 137 "On Amendments and Additions to the Order of the Minister of Finance of the Republic of Kazakhstan dated March 19, 2018 No. 391 "On approval of the Rules for the refund of excess tax value added tax and the application of a risk management system in order to confirm the reliability of the amount of excess of value added tax, as well as criteria for the degree of risk").
During the development, the comments and suggestions of the business community were taken into account, which were discussed jointly with the Association of Taxpayers of Kazakhstan and NCE "Atameken", in particular:
- the risks of applying tax evasion schemes are specified;
- when determining the amount of VAT to be refunded, violations committed by suppliers-manufacturers of goods and other categories of suppliers are not taken into account.
The changes introduced will simplify the procedure for VAT refunds to domestic producers and reduce disputes.
The document is available at the link: https://zan.gov.kz/client /#!/doc/194277/rus
The new rules will come into force on March 26 this year.