Press release to the draft order On amendments to the order of the Minister of Finance of the Republic of Kazakhstan dated March 29, 2021 No. 262 “On approval of the Rules and conditions for applying exemption from value added tax when importing goods for which the deadline for payment of indirect taxes has been changed and the requirements have been fulfilled”

           Press release to the draft order

On amendments to the order of the Minister of Finance of the Republic of Kazakhstan dated March 29, 2021 No. 262 “On approval of the Rules and conditions for applying exemption from value added tax when importing goods for which the deadline for payment of indirect taxes has been changed and the requirements have been fulfilled”

          The project was developed in accordance with the current Law of the Republic of Kazakhstan dated January 2, 2021 “On amendments and additions to certain legislative acts of the Republic of Kazakhstan on the restoration of economic growth” and Order of the Minister of Finance of the Republic of Kazakhstan dated March 29, 2021 № 262 “On approval of the Rules and conditions for applying the exemption from value added tax when importing goods for which the deadline for payment of indirect taxes has been changed and the requirements have been met.

            The draft was developed in accordance with subparagraph 18) of paragraph 1 of Article 399 of the Code of the Republic of Kazakhstan "On taxes and other obligatory payments to the budget" (Tax Code) and determines the procedure and conditions for exemption from value added tax when importing goods for which the deadline for payment of indirect taxes has been changed. taxes in accordance with paragraph 10 of Article 49 of the Tax Code and the requirements for the calculation and payment of VAT on the export of goods in the Eurasian Economic Union, established by Article 457 of the Tax Code, have been fulfilled.

            The order introduces changes in terms of bringing the rules and conditions for applying the exemption from value added tax when importing goods, for which the deadline for paying indirect taxes has been changed and the requirements are met, with the norms of the Tax Code.

            The draft was posted on the Internet portal of open regulatory legal acts from February 15, 2022 to March 2, 2022 (http://legalacts.egov.kz).