Kazakhstan has expanded its list of goods, works, and services subject to transfer pricing monitoring. The updated list includes new items such as coal, lignite, hydrogen, polymers, raw aluminium, iron and steel products, various grains like rice and barley, oils, fertilisers, scandium compounds, and petroleum coke, as well as loans.
The amendments aim to align the rules from MoF Order No. 176 of 16 March 2015 with updates introduced in Article 6 of the Transfer Pricing Law (2 April 2024). Accordingly, cross-border business transactions must be monitored regardless of the goods, works, or services as listed in MoF Order No. 194 of 19 March 2015.
The updated regulations will take effect on 10 January 2025 for cross-border transactions.
Earlier, Kazakhstan’s Ministry of Finance (MoF) initiated a public consultation on 11–25 November 2024 to change the regulations governing the monitoring of cross-border business transactions.
