Extension of VAT exemption on imports to the FEZ"Qyzyljar" Amendments will ensure the availability of agricultural machinery due to a 12% reduction in price and an increase in labor productivity of domestic farmers by 2 times Subparagraph 15) of paragraph 1 of Article 399 and subparagraph 4) of paragraph 2 of Articles 451 and 451 of the Tax Code.
-Application of the minimum price level (MTC) A new instrument of the trade policy of the ICC was introduced to establish the value when calculating VAT on imported goods according to the list established by the Ministry of Trade and Integration of the Republic of Kazakhstan. During monitoring of transported goods from the EAEU countries by the state revenue authorities reveals numerous violations, including underestimation of the cost of imported goods. All these facts lead to VAT losses due to the underestimation of the tax base and put bona fide entrepreneurs and manufacturers in unequal competitive conditions. The introduction of a minimum price level for certain goods from the EAEU countries will help prevent the facts of undervaluation of imported goods and will allow VAT to be collected from the current tax base. This measure is aimed at supporting and protecting domestic producers. It is also the possibility of applying mirror measures against countries that discriminate against Kazakh exports, paragraph 2 of Article 444 of the Tax Code will come into effect from January 1, 2022.