Dear Readers,
The Government recently expanded1 the list of imported goods for which VAT can be paid through an offset method. This initiative is aimed at supporting the construction and modernization of the country’s energy infrastructure.
The updated list now includes 17 additional categories, such as metal structures, turbines, boilers, heating system equipment, and apparatus for managing electrical circuits. The offset VAT payment procedure for these newly added items apply to companies involved in building, modernizing, expanding, and renovating thermal and electric power facilities, provided they have signed relevant state investment contracts or agreements. The benefits also apply to leasing companies importing goods for such projects.
The order came into effect on 18 October 2024.
1 Order No. 83 of the Deputy Prime Minister - Minister of National Economy of the Republic of Kazakhstan On Amendments and Additions to Order No. 67 of the Acting Minister of National Economy of the Republic of Kazakhstan dated 21 February 2018 On Approval of the List of Imported Goods for which VAT is Paid through the Offset Method and Rules for Its Formation, dated 2 October 2024