Kazakhstan: VAT Increase Fails to Boost Budget Revenues as Projected, Lawmaker Warns
A lawmaker has warned that Kazakhstan's budget is not experiencing the expected revenue growth despite an increase in the Value Added Tax (VAT) rate from 12% to 16%. The projected revenue increase for 2027 may be used to cover shortfalls from 2026. Concerns were also raised about the transparency and justification of infrastructure projects funded by the National Fund.
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