We bring to your attention that, in accordance with the provisions of paragraph 1 of Article 393 of the Tax Code of the Republic of Kazakhstan "On taxes and other obligatory payments to the budget" (as amended and supplemented as of 04/01/2021, hereinafter referred to as the Tax Code), is taxed on value added at zero rate Turnover from the sale of goods of own production to taxpayers operating in the territory of the Republic of Kazakhstan under a subsoil use contract, production sharing agreement (contract), in accordance with the terms of which imported goods are exempt from value added tax.
Tengizchevroil LLP (hereinafter referred to as TCO) is included in the List of taxpayers operating in the territory of the Republic of Kazakhstan under a subsoil use contract, a production sharing agreement (contract), in accordance with the terms of which imported goods are exempt from value added tax, approved by order and about. Minister of Energy of the Republic of Kazakhstan dated February 28, 2018 No. 71.
The requirements for documents confirming such a sale of goods at a zero VAT rate are specified in paragraph 4 of Article 393 of the Tax Code. We also draw your attention to the need to confirm the country of production of goods with the relevant certificates of origin for such goods produced in the Republic of Kazakhstan.
TCO welcomes government support for local manufacturers to maintain competitiveness with foreign manufacturers.
TCO's local content development department continuously seeks to find and attract local suppliers of goods and services capable of providing high quality services in various areas.
