Kazakhstan: IMF report comments on economic and fiscal position
The IMF staff issued a report on the conclusion of discussions in Kazakhstan under Article IV of the IMF’s articles of agreement. The economy has recently declined sharply owing to challenges such as the lower oil price and the slowdown in Russia
See MoreKazakhstan: Senate adopts bill introducing mandatory social health insurance
The Senate has adopted a bill on 29th October 2015 that introduces mandatory social health insurance contributions. It was sent to Senate on 8th October
See MoreKazakhstan: Amendment to the deductibility of charitable donations
The Senate has passed a bill on 22nd October 2015 that changes the deductibility of charitable donations. In accordance with the bill, the deduction of charitable donation by companies and individual entrepreneurs will be limited to the following
See MoreKazakhstan: Bill regarding social health insurance sent to Senate
A bill about compulsory social health insurance contributions has been introduced and was sent to Senate on 8th October 2015. This bill is about a new social health insurance system to be launched from 2017. In calculating social health insurance
See MoreKazakhstan: Electronic VAT invoice
The State Revenue Committee has published a press release on 8th October 2015 for describing the system of electronic VAT invoice. A new digital registration system was announced from 1st July 2014 qualifying taxpayers to issue VAT invoices
See MoreKazakhstan: List of representative offices of foreign states and organizations published
Generally, a VAT refund is possible for both resident and non-resident taxable persons registered in Kazakhstan for VAT purposes. There is an exception to this rule in the case of representative offices. Representative offices are only eligible
See MoreKazakhstan: Draft law amending excise duties has sent to government
A draft law along with the amendments to the excise duty rates has been sent to the Government on 15th September 2015. The changes are as follows: The excise duty for wholesale of locally produced petrol and petrol transfers is currently set at
See MoreKazakhstan: VAT withdraws
Kazakhstan has accepted plans to withdraw its VAT regime next year and it will be substituted with a simple sales tax. This sales tax will be levied at 12% regarding cash payments. To discourage non-disclosure, there will be a 7% discount on this
See MoreDTA between Kazakhstan and Serbia signed
An Income and Capital Tax Treaty between Kazakhstan and Serbia has been signed on 28th August
See MoreKazakhstan: Tax treatment liabilities provided by non-resident’s head office
The State Revenue Committee of Kazakhstan has issued a Letter No. КГД-07-3-ЮЛ-Е-14-КГД-14754 on 15th July 2015 regarding tax treatment of bad debts provided by a non-resident company's head office to its Kazakh branch. In accordance with
See MoreKazakhstan: President signs a Law on pensions
The President has signed a law on 4th August 2015 to amend the process of obligatory pension contributions and budget funded state pension payments. The main amendments are given below: Employers Employers are obliged to withhold from salary and
See MoreIMF comments on fiscal and tax policy in Kazakhstan
The International Monetary Fund (IMF) has concluded discussions with Kazakhstan under Article IV of its articles of association and on 5 August 2015 a report was issued commenting on Kazakhstan’s economic situation and fiscal policy. Real GDP
See MoreKazakhstan Joins Multilateral Convention on Mutual Administrative Assistance in Tax Matters
The Multilateral Agreement regarding mutual administrative assistance in tax matters has entered into force in respect of Kazakhstan on 1st August 2015 and it was signed by Kazakhstan on 23rd December 2013. The agreement and the amending protocol
See MoreDTA negotiations between Croatia and Kazakhstan ongoing
Under a recent declaration made by the tax authorities of Croatia, tax treaty negotiations between Croatia and Kazakhstan are currently
See MoreDTA between Kazakhstan and Vietnam ratified by Kazakhstan
The Income and Capital tax Treaty between Kazakhstan and Vietnam was ratified by the President of Kazakhstan on 15th April
See MoreDTA between Kazakhstan and Vietnam approved by Senate of Kazakhstan
The Double Tax Agreement (DTA) between Kazakhstan and Vietnam has approved through a law adopting by Kazakhstan's Senate (upper chamber of parliament) on 2nd April
See MoreKazakhstan Approves Pending Income Tax Treaty with Qatar
The Kazakh Senate approved a law on ratification of the pending income tax treaty with Qatar, on January 15, 2015. This is the first income tax treaty between the two countries which was signed on January 19, 2014. Both countries apply the credit
See MoreKazakhstan ratifies DTA with Qatar
On 30 January 2015, the President of Kazakhstan ratified the double taxation agreement (DTA) with Qatar for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. Furthermore Kazakhstan’s lower house
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