Kazakhstan recently published Law No. 119-VIII of 8 July 2024, which introduces a VAT exemption on the sale of qualifying vehicles and agricultural machinery. Law No. 119-VIII entered into force on 21 July 2024. Conditions for the exemption include that the entity selling the vehicles and/or agricultural machinery is an authorized representative of the manufacturer, and the vehicles and/or agricultural machinery has been purchased from the manufacturer without VAT in accordance with paragraph 38 of Article 394 of the Tax Code, which concerns the VAT exemption for imported components and materials for vehicles and agricultural machinery. For this purpose, the...