Dear taxpayers!
The State Revenue Department for the North Kazakhstan region, regarding the reduction of the threshold for mandatory registration for VAT, reports the following:
From January 2022 amendments were made to paragraph 4 of Article 82 of the Tax Code of the Republic of Kazakhstan. The minimum turnover for VAT registration is 20,000 times the monthly calculation index established by the law on the republican budget and effective as of January 1 of the corresponding financial year.
In 2022, the MCI is set at 3,063 tenge, therefore, the minimum turnover for VAT registration was 61,260,000 tenge.
For individual entrepreneurs applying a special tax regime based on a simplified declaration, the threshold for setting up as a VAT payer is increased when using a three-component integrated system (TIS). The minimum turnover established by part one of this paragraph does not include the turnover of an individual entrepreneur applying a special tax regime on the basis of a simplified declaration, within 124,184 times the monthly calculation index (in 2022 - 380,375,592 tenge) established by the law on the republican the budget and the corresponding financial year effective as of January 1, made in a non-cash form of settlements with the obligatory use of a three-component integrated system.
Also, the minimum turnover does not include the turnover of a taxpayer applying a special retail tax regime.