Kazakhstan Proposes VAT Exemption for QR Payments and Mobile Transfers
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Insights by Echo AI
In Kazakhstan, financial regulators have proposed exempting value-added tax (VAT) on services for maintaining QR payments, mobile transfers, and digital tenge calculations. Currently, such exemption applies only to payment card operations. The Ministry of National Economy discussed this proposal at a meeting, noting the growing popularity of digital payments and the need for uniform tax conditions. The final decision is pending further discussion with relevant agencies and an economic impact assessment.
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