On taxes and other obligatory payments to the budget (Tax Code)

Article 421. VAT calculation

1. VAT for a taxable period, except for VAT on taxable imports, is calculated as follows:

the amount of VAT assessed on taxable turnover

minus

the amount of VAT allowed to be offset, which is determined in accordance with Articles 408, 409 and 410 of this Code,

minus

additional amount of VAT subject to offset, which is determined in accordance with Article 411 of this Code.

2. The amount of VAT assessed on taxable turnover is determined as follows:

the product of the rate, established by paragraph 1 of Article 422 of this Code, and taxable turnover, except for turnovers from sale, specified in Chapter 44 of this Code, reduced and (or) increased by the amount of turnovers provided for in Articles 383 and 384 of this Code

plus

the product of the rate, established by paragraph 2 of Article 422 of this Code, and turnovers from the sale, specified in Chapter 44 of this Code, reduced and (or) increased by the amount of turnovers provided for in Articles 383 and 384 of this Code.

2-1. The amount of VAT on activities for the provision of services of casino, slot machine hall, totalizator and bookmakers for the taxable period shall be calculated in the following order:

the amount of VAT from taxable turnover determined in accordance with Paragraph 16 of Article 381 of this Code,

minus

the amount of VAT allowed to be offset, determined in accordance with Paragraph 3 of Article 410 of this Code.

3. If the result of the calculation provided for in paragraph 1 of this article has:

1) a positive value, such a result is the amount of the tax payable to the state budget in the manner prescribed by this Code;

2) a negative value, such a result is the amount of VAT to be offset in excess over the amount of assessed tax.

4. The amount of VAT for a non-resident is calculated by applying the rate, provided for in paragraph 1 of Article 422 of this Code, to the amount of turnover from the purchase of works, services from a non-resident.

Footnote. Article 421 as amended by the Law of the Republic of Kazakhstan dated 02.04.2019 No. 241-VI (shall be enforced from 01.01.2019).