Kazakhstan's Ministry of Finance expects VAT revenues to reach 9.5 trillion tenge in 2027, a 36% increase from the projected collections in 2026. This growth will be driven by GDP expansion and the introduction of new rates, according to infohub.kz.
According to the draft budget for 2027-2029 prepared by the Ministry of Finance, total VAT revenues in 2027 are projected at 9.5 trillion tenge, which is 2.5 trillion tenge (or 36%) more than the 2026 estimate.
VAT on goods and services produced in Kazakhstan will amount to 4.5 trillion tenge in 2027, nearly double (86% more) than in 2026. Of this increase, 575 billion tenge will come from GDP growth. Meanwhile, VAT refunds from the budget are expected to decrease by 1.1 trillion tenge.
New rates are expected to bring in an additional 338 billion tenge in VAT revenues. In the first quarter of 2026, tax was paid for the fourth quarter of 2025 at a rate of 12%. In the first quarter of 2027, the budget will receive VAT for the fourth quarter of 2026 at the new rate of 16%.
VAT on imported goods is expected to bring in 5 trillion tenge, a 9% increase. Of this, 439 billion tenge will come from higher projected import volumes, and an additional 4 billion tenge from improved tax administration.
In 2028, VAT revenues are projected to reach 10.5 trillion tenge, and in 2029, 11.4 trillion tenge.
Earlier, it was reported that Kazakhstan is considering exempting from VAT the services related to QR payments, transfers by phone number, electronic money, and digital tenge.