Kazakhstan to Impose VATs on Electronic Sales by Foreign Companies
Kazakhstan will begin imposing value-added taxes on electronic sales of goods and services by foreign firms, KPMG said in an April 16 post. The measure, to take effect in January, will affect sales to buyers with network addresses registered in…
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Kazakhstan, who pay through a transfer service or with a phone registered in Kazakhstan, or who have places of residence in that country, KPMG said. The initiative also includes a registration process for “foreign internet companies” that will require those companies to certify certain information to Kazakhstan’s tax authorities, KPMG said. The foreign companies won’t have to issue VAT invoices or submit VAT declarations in Kazakhstan, the post said.