Alert on the decision of the Appeal commission of the Ministry of finance on tax dispute
On 24 November, 2023 the Appeal commission of the Ministry of finance of the Republic of Kazakhstan (the ‘Appeal Commission’) issued a decision on the tax dispute concerning transfer pricing control of a loan agreement.
Oil & Gas Comparative Guide 2024: Kazakhstan
GRATA International Partners Yerbolat Yerkebulanov and Leila Makhmetova, as well as Senior Associate Lyazzat Zhilkibagarova, participated in the preparation of the Kazakhstani chapter in Oil & Gas Comparative Guide by Mondaq
Empowerment of the State Revenue Committee
As of today, state revenue authorities use the National Bank's information system for conducting currency control. However, there are plans to develop a separate information system specifically for them
15.02.2024
GRATA law firm presents to your attention an overview of the main amendments and additions to the draft order of the Minister of Finance of the Republic of Kazakhstan dated March 19, 2018, № 391 «On Approving the Rules for Refunding Excess Value Added Tax and Applying a Risk Management System to Confirm the Accuracy of the Amount of Excess Value Added Tax, as well as Risk Degree Criteria» (hereinafter – the «Rules»).
Review of the Ruling of the Supreme Court of Kazakhstan on a Tax Dispute
On 17 January 2024, the Administrative Collegium of the Supreme Court issued a ruling on a dispute relating to the taxation of Kazakhstan-source income of a non-resident who also has a registered permanent establishment in Kazakhstan
Conflicts between JV shareholders. Kazakhstani corporate law review
It is well known that business in Kazakhstan is operated via joint ventures (JV) that are created, mainly, in a form of limited liability partnership by two or more companies. The creation of joint ventures has become most popular over the past 10-12 years due to introduction on a political level of unspoken recommendations on local content increase to the business of the oil region of Kazakhstan.
Review of amendments to the legislation on the application of the Special Tax Regime of Retail Tax
In order to implement the Address of the Head of State dated September 1, 2023 "The Economic Course of Just Kazakhstan," the list of types of activities permitted for the application of the special tax regime for retail tax has been expanded. By the Government Decree №1240 dated 29 December 2023, the list has been expanded from 190 to 364 types of activities.
Changes to the Tax Code of the Republic of Kazakhstan
On 13 December 2023 a number of amendments was introduced to the Code of the Republic of Kazakhstan dated 25 December, 2017 No. 120-VI ‘On taxes and other obligatory payments to the budget (Tax Code)’ (the ‘Tax Code’) . Below you may find the most significant of these amendments. Most of them with certain exceptions came into effect on 1 January, 2024.
12.01.2024
Starting from January 1, 2024 the third stage of universal declaration started in Kazakhstan. Below you may find information on who and how is obliged to submit declarations in this regard.
Review of amendments to the List of goods for which import VAT can be paid by offset method
On November 29 of the current year, the Ministry of National Economy submitted for discussion a draft Order "On Amendments to the Order of the Acting Minister of National Economy of the Republic of Kazakhstan dated February 21, 2018