Mandatory "assets and liabilities" declaration from 2024 for executives, business owners and their spouses
From January 2024, the III stage of universal declaration in the Republic of Kazakhstan will be introduced, within the framework of which "Declaration of assets and liabilities" must be submitted by managers, founders (participants) of legal entities, individual entrepreneurs, as well as their spouses.
Overview of planned amendments to the Rules for Refunding Excess VAT
GRATA International 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»).
Universal declaration in Kazakhstan
Since 2021, Kazakhstan has launched the universal declaration of income as part of the implementation of the Plan of the Nation - 100 concrete steps in the Republic of Kazakhstan
Data Protection & Privacy Kazakhstan
Kazakhstan protects personal information in the context of a fundamental constitutional right to the inviolability of private life. The Constitution of the Republic of Kazakhstan (article 18) protects the right to inviolability of private life, personal and family secrets, honour and dignity of a person, the secret of deposits and savings, the secret of correspondence, telephone conversations, postal, telegraphic and other messages.
Tax control in the Republic of Kazakhstan
The Tax Code of Kazakhstan provides for a wide range of tax control forms, with the main ones being cameral tax control and on-site tax inspections.
Re-domicile to the territory of the AIFC
Over the past year, there has been a significant increase in the interest of foreign investors in the Astana International Financial Centre (“AIFC”). In addition to registering new companies, there is also a growing demand for the re-domicile of companies from foreign jurisdictions to the territory of the AIFC.
Tax control in the Republic of Kazakhstan
The Tax Code of Kazakhstan provides for a wide range of tax control forms, with the main ones being cameral tax control and on-site tax inspections. Tax control is carried out by tax authorities, as well as customs authorities in relation to VAT on imports and excise duties payable in connection with the movement of goods across the border.
Labor migration in Kazakhstan
Today the dynamics and scale of migration processes in Kazakhstan is one of the important components of the economic development of the country, and in this aspect migration for the purpose of labor activity remains relevant.
The main changes in the financial legislation of Kazakhstan in January - May 2023
At the beginning of the 2023, the process of making important amendments to the financial legislation of Kazakhstan continued.
For the first time in the history of Kazakhstan, the law on digital assets was adopted, aimed at creating a legal framework for the development of activity for the issuance and turnover of digital assets and digital mining in the Republic of Kazakhstan.
For the first time in the history of Kazakhstan, the law on digital assets was adopted, aimed at creating a legal framework for the development of activity for the issuance and turnover of digital assets and digital mining in the Republic of Kazakhstan.
29.05.2023
The information herein is based on theoretical and practical information available as of April 2023. The content of this publication is intended for foreign businessmen and companies seeking to do business in the Republic of Kazakhstan. In particular, the brochure allows you to learn about the main forms of doing business in Kazakhstan, including a detailed comparison table of such forms, information on the tax structure, bankruptcy, and it also provides answers to the frequently asked questions for starting and doing business in Kazakhstan. Please note, however, that the legislation in the Republic of Kazakhstan is subject to frequent changes.