IMF Report Looks at the Economy of Kazakhstan
On 14 December 2022 the IMF issued a report following the conclusion of discussions with Kazakhstan under Article IV of the IMF’s articles of agreement. Kazakhstan’s real GDP growth is expected to decrease to 2.7% in 2022, down from 4.3% in
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Kazakhstan clarifies tax exemption criteria for dividends from listed securities
Kazakhstan clarifies tax exemption criteria for dividends from listed securities 7 Dec 2022 On 17 November 2022, the Government of Kazakhstan issued Resolution No. 911 clarifying tax exemption criteria for dividends from listed securities. The
See MoreKazakhstan explains amendments to the taxation of dividends
On 11 November 2022, the State Revenue Committee of Kazakhstan issued a press release regarding amendments to the taxation of dividends with effect from 1 January 2023. The amendments are made according to the Law No. 135-VII of 11 July 2022. The
See MoreOECD: Peer Review Report on Dispute Resolution Mechanisms in Kazakhstan
The second stage peer review report on the implementation of the Action 14 minimum standard (making dispute resolution more effective) by Kazakhstan was published by the OECD’s Inclusive Framework on 13 September 2022. Kazakhstan has a
See MoreKazakhstan issues Law on amendments to the tax code
On 11 July 2022, Kazakhstan issued Law No. 135-VII on amendments to the tax code which will be effective from 1 January 2023. The Tax Code of the Republic of Kazakhstan provides for a number of following changes: Limitation of deductions
See MoreKazakhstan: Government invites public comments regarding transfer pricing amendments
On 16 March 2022, the State Revenue Committee announced that they opened a public consultation on a draft bill to amend transfer pricing rules. The deadline for this public comments is 8 April 2022. The draft Bill contained the following measures
See MoreKazakhstan: Government announces tax benefits for manufacturing industry
On 28 February 2022, the State Revenue Committee announced new corporate income tax and value added tax (VAT) benefits for the small businesses in the manufacturing industry. This was reported by the State Revenue Committee of the Ministry of
See MoreKazakhstan: President signed the legislation to amend the tax Law
Recently, the President signed legislation to make changes to the tax law. Most of the changes effect from 1 January 2022. Some of the amendments are given below: The amendments introduce rules regulating the procedures for the control of the
See MoreKazakhstan: National Bank increases its base rate from July 2021
On 26 July 2021, The Monetary Policy Committee of the National Bank of the Republic of Kazakhstan made a decision to increase the base rate from 9% to 9.25% annually with the interest rate corridor of +/- 1.0 percentage points. The rate is used
See MoreKazakhstan: State Revenue Committee announces some amendments in tax code
On 28 July 2021, the State Revenue Committee announced amendments that have been made to Tax Code. The changes were introduced by Law No. 52-VII of 24 June 2021 and, unless otherwise specified, generally apply from 1 January 2022. The Tax Code of
See MoreKazakhstan deposits notifications on its tax agreements
On 27 November 2020, OECD has published the updated position of signatories’ countries regarding the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). Accordingly, on 26 November
See MoreKazakhstan: BEPS MLI enters into force
On 29 September 2020, OECD has published the updated position of signatories’ countries regarding the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). Accordingly, MLI entered
See MoreOECD: Tax Policy Review of Kazakhstan
On 24 September 2020 the OECD issued a report on the tax policy review of Kazakhstan. The report covers income tax, social security contributions, value added tax (VAT) and corporation tax. The research was performed before the COVID-19 pandemic
See MoreKazakhstan: National Bank decides to reduce base interest rate
On 20 July 2020, the National Bank of Kazakhstan was made an announcement that they have decided to reduce the base rate from 9.5% to 9.0% per annum and it is effective from 21 July 2020. The rate is used in determining the late payment interest,
See MoreKazakhstan: Lower house pf Parliament approves Bill regarding DST
On 30 June 2020, the lower house of Parliament approved a Bill regarding digital service taxation (DST) and electronic sales of goods. The Bill describes some important terms like electronic services, electronic sale of goods, and online based
See MoreKazakhstan deposits MLI ratification instrument
On 24 June 2020, OECD has published the updated position of signatories’ countries regarding the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). Accordingly, Kazakhstan on 24
See MoreKazakhstan: Tax relief measures due to COVID-19 pandemic
On 2 April 2020, the Government implemented some measures for coronavirus outbreak. These are: Corporate income tax Due to the COVID-19 outbreak, the submission of corporate income tax return is extended to 30 April 2020. Small and medium
See MoreKazakhstan: Government ratifies BEPS MLI
On 20 February 2020, the government ratified the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). After the MLI enters into force, the procedure for the application of Kazakhstan
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