Article 488. Procedure for determining the amounts of Value Added Tax allowed for offsetting by proportional method tax code of the Republic of Kazakhstan

Home / Codes / Article 488. Procedure for determining the amounts of Value Added Tax allowed for offsetting by proportional method tax code of the Republic of Kazakhstan

 1. the amount of Value Added Tax allowed for offset by the proportional method is determined for the tax period by the following formula:

 In this case, it is necessary to specify the number of points.:

 VAT – the amount of Value Added Tax allowed for offsetting. This amount may have a negative value;

 VAT – the amount of Value Added Tax that is offset taking into account the adjustment. This amount may have a negative value;

 A SS-the amount of taxable turnover;

 A rent is the total amount of turnover, which is defined as the amount of taxable and non-taxable turnover.

 At the same time, the persons specified in Paragraph 2 of Article 487 of this code, when determining the values of SS A and IP a, do not take into account the turnover on which separate accounting is carried out for them in accordance with Article 489 of this code.

 In the absence of sales turnover in the tax period, the amount of Value Added Tax allowed for Offset is determined in the amount of the amount of Value Added Tax to be offset, taking into account the adjustment.

 2. Value Added Tax not allowed for offsetting is determined for the tax period by the formula::

 Ksaer = Ksaer – Ksaer, where:

 VAT – the amount of Value Added Tax that is not allowed for offsetting. This amount may have a negative value;

 VAT – the amount of Value Added Tax that is offset taking into account the adjustment. This amount may have a negative value;

 VAT – the amount of Value Added Tax allowed for offsetting, determined in accordance with paragraph 1 of this article. This amount may have a negative value.

 The amount of Value Added Tax not allowed for offsetting, including its negative value, is taken into account in accordance with the procedure defined by Article 259 of this code.

Code of the Republic of Kazakhstan dated July 18, 2025 No. 214-VIII kr

President

Republic of Kazakhstan

Constitution Law Code Standard Decree Order Decision Resolution Lawyer Almaty Lawyer Legal service Legal advice Civil Criminal Administrative cases Disputes Defense Arbitration Law Company Kazakhstan Law Firm Court Cases

______________________________

To recognize as invalid the Code of the Republic of Kazakhstan (tax code) of December 25, 2017 "on taxes and other mandatory payments to the budget" from January 1, 2026 in connection with the entry into force of the tax code of the Republic of Kazakhstan dated July 18, 2025 No. 214-VIII.

Article 488. Tax period code of the Republic of Kazakhstan on taxes and other mandatory payments to the budget (tax code)

1.the calendar month is the tax period for calculating the social tax.

2.the calendar quarter is the reporting period for drawing up a declaration on personal income tax and social tax.

On taxes and other mandatory payments to the budget (tax code) on customs regulation On Subsoil and subsoil use administrative procedural and procedural on Public Health and the health system Ecology social code Civil Criminal Procedure commentary (commentary) on the criminal Criminal Code normative resolution of the Supreme Court, Republic of Kazakhstan

Refund of value added tax (VAT) to exporters

Refund of value added tax (VAT) to exporters In any financial model, especially for large enterprises, a lot of attention is paid to cash flow, of which VAT refund is a part....