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    Is VAT subject to adjustment upon writing off inventory?

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    Question

    Is VAT subject to adjustment upon writing off inventory?

    Answer

    If inventory is written off due to its spoilage, loss, or use for purposes not related to taxable turnover, the VAT amount previously claimed as an offset is subject to adjustment.

    If the write-off is carried out within the limits of natural loss norms or in other cases provided for by the Tax Code, VAT adjustment may not be performed.

    At the same time, the reasons for writing off must be supported by appropriate documents.

    Reference: Article 480 of the Tax Code of the Republic of Kazakhstan and provisions regulating the adjustment of VAT offset amounts.

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