Kazakhstan's Tax Reform Generates 3 Trillion Tenge, VAT Leading Revenue Source

Kazakhstan's tax reform has injected an additional 3 trillion tenge into the economy, with Value Added Tax (VAT) being the primary contributor. Minister of National Economy Serik Zhumangarin stated that the reform is currently the sole source of cash for the economy. Despite a VAT rate increase to 16%, the collection plan was met at 90%, resulting in a shortfall of nearly 700 billion tenge.

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