Kazakhstan expands VAT exemption list for vehicles, machinery, and components from April 2025
Kazakhstan's Ministry of Industry and Construction has expanded the list of vehicles, agricultural machinery, and related components exempt from VAT. The update, effective from 11 April 2025, adds 21 new categories, including items such as
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Kazakhstan: National Bank further raises base interest rate
The National Bank of Kazakhstan (NBK) announced a further increase in the base interest rate from 15.25% to 16.5% on 7 March 2025. The new rate takes effect starting today, 11 March. The Monetary Policy Committee of the National Bank of
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Kazakhstan expands VAT exemption list for imported goods
Kazakhstan issued Order No. 11-1-4/83 on 18 February 2025, amending the previous Order No. 140 from 27 February 2018, which outlines the list of imported goods exempt from VAT under investment contracts. The updated list has been expanded from
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Kazakhstan establishes new Special Economic Zone in Aktobe
Kazakhstan has established a new Special Economic Zone (SEZ) in Aktobe, set to operate until 31 December 2049. Under this initiative, companies involved in qualifying activities within the SEZ can benefit from up to 100% reductions in corporate
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Kazakhstan proposes VAT rate increases and exemptions in tax code overhaul
The Kazakhstan government has introduced proposed amendments to its Tax Code on 11 February 2025, aimed at reshaping the country’s VAT framework. The key changes include raising the standard VAT rate from 12% to 16%, alongside a new reduced 10%
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OECD highlights Kazakhstan’s tax reforms, plans for Pillar Two solution
The OECD has published a case study on tax and development highlighting Kazakhstan’s enhanced ability to combat tax avoidance. The case study showcases Kazakhstan’s notable achievements, emphasizing key milestones such as: Signed and
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Uzbekistan adopts CIS tax information exchange protocol
Uzbekistan adopted the amended protocol of the CIS Mutual Assistance Agreement on 13 December 2024. The Commonwealth of Independent States (CIS) is an intergovernmental organization that promotes cooperation among former Soviet republics. It was
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Kazakhstan: Finance Ministry launches pilot project for public procurement contracts in electronic VAT invoice system
The Ministry of Finance has introduced a pilot project to register public procurement contracts in the Electronic VAT Invoice System. Participation is voluntary and applies to suppliers, subcontractors, and state revenue authorities. All
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Kazakhstan updates taxation of scientific R&D activities rules
Kazakhstan's Department of State Revenue has announced updates to the taxation of scientific (R&D) activities on 9 January 2025. By the Law of the Republic of Kazakhstan "On Amendments and Additions to the Code of the Republic of Kazakhstan
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Kazakhstan sets higher penalties for failing to file CbC notification
Kazakhstan will enforce higher penalties for non-compliance with Country-by-Country (CbC) notification requirements from 13 March 2025. Large taxpayers will face fines of KZT 1,966,000, while medium-sized enterprises will be penalised KZT 983,000
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Kazakhstan expands transfer pricing monitoring for cross-border transactions
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
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Kazakhstan: National Bank raises interest base rate
The National Bank of Kazakhstan has raised the base interest rate from 14.25% to 15.25%, effective from 2 December 2024. The base rate determines late payment interest, which is calculated as 1.25 times the base rate, divided by 365 to find the
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Armenia approves FTA between EAEU, Iran
Armenia’s President has signed a law for the ratification of the free trade agreement (FTA) between the Eurasian Economic Union (EAEU) (Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia) and Iran on 27 November 2024. The Armenian National
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Kazakhstan proposes broadening list of goods eligible for zero VAT rate in SEZs
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
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Kazakhstan consults cross-border transaction monitoring regulation updates
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
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Kazakhstan, Iran set to sign tax treaty
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
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Kazakhstan updates transfer pricing procedures, introduces new local and master file forms
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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Kazakhstan negotiates tax treaty with Kuwait
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
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