Value-Added Tax
✓Payers
✓Objects of taxation
✓Tax computation procedure
✓Taxable turnover and taxable import
✓Adjustment of Amounts of Taxable
Turnovers
Payers
Persons registered for value-added tax
in the Republic of Kazakhstan:
Resident legal persons, except for state
institutions
Non-residents carrying out activity in
the Republic of Kazakhstan through an
affiliate, representation;
Trust managers performing turnovers
from sales of goods, work, services
under trust management agreements
with founders of trust management or
with beneficiaries in other cases of
emergence of trust management;
Persons
importing goods
in the territory
of the Republic
of Kazakhstan
in accordance
with the
customs
legislation of
the Republic of
Kazakhstan.
Taxable
objects
Taxable
turnovers
Taxable
import
Rates of Value-Added Tax
Taxable turnover
Taxable import
12%
Tax computation formula
1. Determining taxable turnover:
2. Determining Exempt Turnovers:
Taxable
turnover
=
Turnovers from Sales of
Goods, Work, Services
–
Non
-taxable
turnover
Non
–
taxable
turnover
=
Exempt turnover
The place of sales of which is
not the Republic of
Kazakhstan
3. Determining taxable turnover:
4. Computing taxable turnover:
5. Determining the tax to be paid to the budget:
The amount
of taxable
turnover
=
Sales of goods, work,
services
+
/
–
Adjustment
of turnover
Computed
turnover
=
Taxable turnover
*
Tax rate
VAT
to be paid
=
VAT
computed
–
VAT to be offset
Taxable turnover is turnover
1) From sales of goods, work, services in the
Republic of Kazakhstan, except for exempt
turnovers;
2) From purchases of work, services from a
non-resident that is a not value-added tax
payer in the Republic of Kazakhstan and that
does not carry out activity through an
affiliate, representation.
Turnovers from Sales of Goods
1) The transfer of rights of ownership in
respect of goods;
2) shipment of goods on conditions of
making payments by instalments;
3) transfer of assets in financial leases;
Turnovers from Sales of Goods
4) shipment of goods under a commission
agreement;
5) transfer of pledged assets (goods) by the
pledger where the debt is unpaid;
6) return of goods according to the re–
import regime, which were earlier
exported according to the export regime.
Turnovers from sales of work and
rendering services
Turnovers from sales of work and rendering
services mean any performance of work or
rendering of services, in particular free of
charge, and also any activity against
remuneration which is different from sales of
goods, in particular:
1) transfer of assets into temporary possession
and use under property hire agreements;
2) transfer of rights to intellectual property
items;
Turnovers from sales of work and
rendering services
3) performance of work, rendering of
services by the employer to an employee as
work remuneration;
4) assignment of rights of claim relating to
sales of goods, work, services, except for
advance payments and penal sanctions;
5) agreement to limit or terminate business
activity against remuneration.
The following shall not be
recognised as turnovers from sales
1) transfer of assets as a contribution to the
authorised capital;
2) return of assets, which were transferred as a
contribution to the authorised capital;