Kazakhstan: National Bank sets its base rate from January 2023

18 January, 2023

On 13 January 2023, the Monetary Policy Committee of the National Bank of the Republic of Kazakhstan made a decision to set the base rate 16.75% annually with the interest rate corridor of +/- 1.0 percentage points. The rate is used for computing late payment interest and it effects from 13 January 2023. Prior to this, the rate was raised from 16.0% to 16.75% as of 6 December 2022

Asia-Pacific

Kazakhstan

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Kazakhstan proposes broadening list of goods eligible for zero VAT rate in SEZs

November 20, 2024

The Ministry of Industry and Construction (MIC) of Kazakhstan has introduced a proposal to broaden the list of goods that qualify for a zero VAT rate in special economic zones (SEZs). This move aims to enhance economic activities in these zones

Kazakhstan consults cross-border transaction monitoring regulation updates

November 15, 2024

Kazakhstan’s Ministry of Finance (MoF) initiated a public consultation on 11 November 2024 to change the regulations governing the monitoring of cross-border business transactions. The state revenue authorities of Kazakhstan monitor

Kazakhstan, Iran set to sign tax treaty

October 31, 2024

Kazakhstan issued the Government Resolution dated 18 October 2024 for the signing of an amending protocol to the 1996 income and capital tax treaty with Iran. This protocol marks the first amendment to the original treaty since its entry into

Kazakhstan updates transfer pricing procedures, introduces new local and master file forms

October 29, 2024

Kazakhstan has issued Order No. 633 of 19 September 2024, which updates Order No. 1104 from 24 December 2018 concerning the forms and procedures for submitting local files, master files, and Country-by-Country (CbC) reports; and introduced new forms

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October 25, 2024

Kazakhstan Ministry of Foreign Affairs, in a release on 21 October 2024, announced that officials from Kazakhstan and Kuwait met to discuss investment relations and establish an income tax treaty on the avoidance of double taxation. Deputy

Kazakhstan: New Tax Code to take effect in early 2026

October 16, 2024

Kazakhstan's National Economy Minister Nurlan Baibazarov said the country’s new Tax Code will take effect in January 2026. This follows Kazakhstan's President Kassym-Jomart Tokayev's announcement in his State of the Nation address on 2