In a recent meeting with domestic business leaders on February 7, President Tokayev highlighted the importance of strategic planning in implementing changes to the tax system.
He underlined that any adjustments must be informed by thorough analysis and tailored strategies that reflect the unique characteristics of various economic sectors.
A key point of discussion centered around the government’s proposal regarding the upper limit for Value Added Tax (VAT).
Tokayev remarked that decisions should rely on detailed calculations and insights from a diverse group of stakeholders, including qualified experts, entrepreneurs, and legislators.
“One thing is clear: the rate proposed by the government was still too high,” Tokayev stated. He acknowledged the strong reactions to the preliminary proposal, noting that such feedback was valuable as the policy undergoes discussion.
“I emphasize that the government’s work in this area should continue, incorporating everyone’s viewpoints, whether they’re from the business sector, public representatives, or experts. This year, we must reach a well-informed decision.”
Tokayev concluded by stressing the necessity for balanced solutions that promote favorable business conditions while also ensuring order in the tax framework and enhancing budget revenues.
The focus remains on creating a conducive environment for economic growth while addressing fiscal responsibilities.
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