Article
External publications and events
2017-2021
“PPP – how to start working with the State” – interview with Olessya Kirilovskaya
The State and business community have been collaborating in public-private partnerships or PPP in Kazakhstan for over five years, managing to realise a number of socially significant projects in that time. Certain aspects of the format are still important for the business community. Read about the specifics of PPP projects and who benefits most from them; what kind of recoupment periods you can expect and what you need to discuss with the authorities in advance; what the most important provisions in PPP contracts might be and how to go about embarking on a business relationship with the State.
How to become the state’s business partner
24.08.2021
What are characteristics of participation in public and private partnership projects and who benefits from it, how long is the payback period of PPP projects and what should be agreed with government agencies in advance? Olessya Kirilovskaya, Director of the Tax and Legal Department, told about this in her interview to the Khabar 24 TV channel.
Oilfield services market in Kazakhstan shrinks by 25% - Deloitte
07.04.2021
The collapse of oil prices amid the pandemic have led to a decrease in funding for oilfield services. In a new survey, the Deloitte Research Centre assesses the implications of changes in the oil market in 2020, presenting key findings of a study on the prospects for oil production across the world and in Kazakhstan, the financing of oilfield services and the largest segments of the oilfield services market, the Kapital.kz business information center reports with reference to the company's press service.
More on Kapital.kz
When Kazakhstan will return to pre-coronavirus oil production
30.03.2021
The collapse of oil prices amid the pandemic has led to a decrease in funding for oilfield services. In a new review, the Deloitte Research Centre assesses the implications of changes in the oil market in 2020. The article presents key findings from the study on the prospects for oil production across the world and in Kazakhstan, the financing of oilfield services and the largest segments of the oilfield services market.
More on Forbes.kz
Ambiguities in Kazakhstan’s new dividend taxation policy
02.03.2021
Our experts from the Tax and Legal department Deloitte in Kazakhstan: Nazira Nurbayeva - Partner, Andrey Zakharchuk - Partner, Karina Kalimzhanova – Manager, talk in detail about ambiguities in Kazakhstan’s new dividend taxation policy which has been amended from 1 January 2021 to significantly change how dividends paid by Kazakhstan companies to foreign investors are taxed and to make it more difficult to fully exempt profit distributions from tax in Kazakhstan.
Corporate anti-corruption compliance
01.03.2021
Recent changes to anti-corruption compliance law in Kazakhstan have extended its scope of application, as well as the circle of decision-makers and their responsibilities.
Author Dariga Tokpayeva, Senior Lawyer, Tax and Legal Department, Deloitte Caspian
Kazakhstan’s new dividend taxation policy
21.01.2021
The Tax Code has been amended from 1 January 2021 to change how dividends paid by Kazakhstan companies to overseas shareholders are taxed.
On the whole, the income of non-residents is taxed in Kazakhstan according to national tax law and international treaties.
The Tax Code taxes dividends received by non-residents from resident companies in Kazakhstan at 15% (or 20% if the non-resident is registered in a low-tax country). International treaties can be applied to reduce the standard rate.
Learn more from the Deloitte experts opinions:
Nazira Nurbayeva, Partner, Deloitte Tax and Legal Department
Andrey Zakharchuk, Partner, Deloitte Tax and Legal Department
Karina Kalimzhanova, Manager, Deloitte Tax and Legal Department
Public-private partnership and investment projects in Kazakhstan
The number of companies in Kazakhstan with foreign participation has grown 12% in the last year alone. Even though the pandemic has undoubtedly affected project numbers, there does still seem to be investor interest in Kazakhstan, especially in projects offering state concessions and preferences. With that in mind, renewable energy projects, which are popular across the globe, have recently caught the eye of investors due to the wealth of opportunities offered for sector development in Kazakhstan.
Olessya Kirilovskaya, Tax and Legal Department Director, Deloitte
Dariga Tokpayeva, Tax and Legal Department Senior Manager, Deloitte
Read more: World Monitor Magazine (p. 46-47)
Barriers to implementing LegalTech solutions
LegalTech has truly found its niche in Europe and America, where a number of tools have been in use for roughly 20 years already, and in the last few years has begun to develop actively in the CIS. Nevertheless, Kazakhstan is still in the early stages of implementing the technology into legal processes.
Rinata Zhulayeva, Senior Lawyer, Deloitte Legal Caspian Region
Read more: World Monitor Magazine (p.42-43)
Digital day. What can Kazakhstan expect with the introduction of “Google tax”
14.10.2020
The increase in e-commerce profit has made local legislators think about the introduction of a new levy.
In June 2020, the Mazhilis approved a package of legislative changes around taxation and improvements to the investment climate, which included the introduction of a tax on foreign companies involved in electronic trading and providing Internet services to Kazakhstan nationals, the so-called Google tax.
Will Google pay tax in Kazakhstan ?
03.07.2020
Kazakhstan plans to introduce a tax on Google. Aidana Abdalieva, Deloitte Tax and Legal Department Director, shared her opinion on this topic.
Belt and Road Initiative Tax Journal
The COVID-19 Economic Support Measures in Kazakhstan and Russia
The COVID-19 pandemic requires affected countries to take swift measures to protect the health and safety of their people and support their economies. This article discusses the tax, customs and other economic support measures introduced in response to COVID-19 in the two largest economies in the Eurasian Economic Union (EEU) - Kazakhstan and Russia.
Barriers to implementing LegalTech solutions
22.05.2020
LegalTech has truly found its niche in Europe and America, where a number of tools have been in use for roughly 20 years already, and in the last few years has begun to develop actively in the CIS. Nevertheless, Kazakhstan is still in the early stages of implementing the technology into legal processes.
Expert opinion on investment in Uzbekistan
28.04.2020
Differences between public-private partnership projects and Uzbekistan investment projects. Which are more profitable? Dariga Tokpayeva , Tax and Legal Department Senior Manager shared her thoughts in an article in the current edition of Uzdaily.uz.
How Uzbekistan companies can mitigate their risks under force-majeure conditions
08.04.2020
Olessya Kirilovskaya, Deloitte Tax and Legal Department Director shares her expert opinion with Forbes Kazakhstan on how to best organise employee remote working and discusses what else can be done by the business to improve work processes during quarantine.
How the Uzbekistan business community operates under the new conditions
06.04.2020
Olessya Kirilovskaya, Tax and Legal Department Director, shared her expert opinion with Uzbekistan Daily on how to best manage remote working conditions, and explained that it was still possible to do business in Uzbekistan and improve the working process during the quarantine period.
How companies can reduce risks during a force-majeure
05.04.2020
Assel Assubayeva, Deloitte Tax and Legal Department Manager, wrote an article for Forbes Kazakhstan discussing whether breaches of contractual obligations can be avoided and how to survive the current situation without damaging the business, or at least keeping any damage to a minimum? Kazakhstan civil law provides a number of options that may be applicable in the current situation.
How the Kazakhstan Labour Code interprets remote working
02/04/2020
Olessya Kirilovskaya, Deloitte Tax and Legal Department Director shares her expert opinion with Forbes Kazakhstan on how to best organise employee remote working and discusses what else can be done by the business to improve work processes during quarantine.
The Anti-Trust Committee creates a project office to accelerate reforms in the development of competition
05.02.2019
The Uzbekistan Anti-Trust Committee has created a special project office to accelerate reforms in the development of a competitive environment. The working group for improvements to anti-trust legislation recently held a meeting involving experts from international consulting and financial institutions.
Deloitte’s representative in the working group was Senior Legal Consultant Zarina Ashurova and others.
Deloitte experts on Business FM
28/11/2019
Deloitte Kazakhstan Legal Department Senior Manager Ainur Abdalova talked about the latest legal reforms in Uzbekistan on the “Deloitte-expert” programme.
First Kazakhstan-Italian business forum
13/11/2019
On 13 November, Nur-Sultan hosted the first Kazakhstan-Italian Business Forum for representatives of state authorities and national companies and the Italian business community. Deloitte was represented by Tax and Legal Department Senior Manager Dariga Tokpayeva and Risk Management Senior Manager Natalia Kipnis.
The participants discussed energy, renewable energy, refining and agricultural development projects.
In his speech Ambassador Yerlan Khairov noted that Kazakhstan and Italy have great potential to build investment collaboration, calling the business communities from the two countries to actively develop business contacts and implement investment projects.
“Our two countries have significant potential to expand our bilateral economic partnership, specifically in three priority sectors such as alternative energy, agriculture and digitalisation. In Kazakhstan, we have KAZAKH INVEST, which operates according to the “one-stop-shop” principle for current and potential foreign investors, ensuring investment project support from inception to implementation. On the whole, I am ready to provide all-round support to both overseas and local investors”, a speaker confirmed.
Deloitte business case competition
12/11/2019
On 12 November the International Westminster University in Tashkent held its first business case competition in conjunction with Deloitte for final year students. Talent Head Assel Serikova facilitated the end with the active support of the Deloitte Uzbekistan team. The students were divided into five teams to resolve a business case within a specific time frame. Each team was coached by a Deloitte expert. The event helped students learn about real business issues and submerge themselves into a very realistic professional environment. The case study also helped students demonstrate their leadership skills, critical thinking and other skills. Judges selected the six students that made the best impression on them with their solutions and approach to the case studies. The winners were offered internships with Deloitte Uzbekistan with the potential to be hired permanently. The best team received the opportunity to meet with the Deloitte Uzbekistan Managing Partner over breakfast to ask any questions interesting them.
XIV Kazakhstan Forum of Corporate Lawyers
07-08/11/2019
On 7-8 November, Almaty held a traditional meeting of professionals at the 14th Forum of Corporate Lawyers. Deloitte Tax and Legal Department Senior Manager Dariga Tokpayeva took part in the “Compliance Control. Practice” and “Employment Law: Current Issues and Application”, where she spoke on two hot topics: “Compliance programme implementation risks” and “Non-competition clauses in employment agreements and related court practices”.
Dariga commented that individuals involved in compliance procedures can be made liable by law in Kazakhstan, which is why measures need to be taken to reduce these risks. As for the second topic, analysis of court practices confirms inconsistent practices in the application of non-competition provisions, much of which depends on how the agreements themselves are drafted.
Deloitte representatives received a number of interesting questions that were opened to lively discussion among participants.
Discussion of issues related to the application of investment law in practice
04/11/2019
The Uzbekistan Foreign Investment Agency held a meeting with its Deputy Director Oibek Elmuratov and representatives from the Deloitte Tax and Legal Department – manager Bakhtiyor Sufiyev, Senior Umida Zakirova, Senior Legal Consultant Zarina Ashurova and Senior Manager Ainur Abdalova.
The aim of the meeting was to discuss issues related to the application of investment law in practice, the effectiveness of concessions and preferences implements for foreign investors, and the opportunities and advantages for potential projects within the framework of free economic zones.
“Cybersecurity and cybercriminality: a 21st century challenge”
23/10/2019
On 23 October, Nur-Sultan held a forum on the topic of “Cybersecurity and cybercriminality: a 21st century challenge”, organised by the American Chamber of Commerce. The forum was attended by Deloitte experts, such as Risk Management Director Vladimir Remyga, Tax and Legal Department Senior Manager Dariga Tokpayeva and Risk Management Senior Manager Natalya Kipnis. Vladimir gave a talk on “Cyber-crisis management: readiness, reaction and recovery”.
How to hire foreign nationals and be fined
31/10/2019
Specially for Business FM, Asel Asubayeva, Deloitte Caspian Senior Legal Consultant talks about what details need to go in an employment agreement with a foreign national and which documents need to be presented.
Deloitte experts on Business FM radio
18/07/2019
On 18 July, Asel Asubayeva, Deloitte Caspian Senior Legal Consultant, talked about “migration issues and practical solutions” on the Deloitte Expert programme.
What difficulties are tax in-house reviews creating for business
17/06/2019
Read on Kursiv News: “In-house reviews are a form of tax control that involves analysing tax reporting and taxpayer data. The goal of in-house reviews is to discover violations and provide taxpayers with the opportunity to correct them.
Despite this, in-house reviews may create a number of difficulties for taxpayers due to the ambiguity of certain Tax Code provisions and procedures”
Why there is nothing for defendants in Kazakhstan courts
20/05/2019
Alibi Akylas, Tax and Legal Department Legal Consultant for Forbes Kazakhstan: "The introduction of a more applicable standard, rather than what we have at the moment (exclusively within the framework of civil courts), would help create contentious cases, and enable fair verdicts as this is the main aim of civil court proceedings. After reducing the standard of evidence, it would no longer be worth "hiding" or not appearing in court, as evidence will have to be provided. The alternative is heightened probability of losing."
Customs value of imports and license payments, and how they are linked
15/05/2019
"The inclusion of licensing and similar payments is a relatively complex and controversial issue for business entities. For this reason, the Eurasian Economic Commission has developed special recommendations that help understand the logics of EAEU customs authorities".
Sholpan Dossymkhanova, Tax and Legal Department Customs Manager gave a talk on the customs value of imports and licensing payments and how they are linked.
Forum for the resolution of legal disputes
30/05/2019-31/05/2019
On 30 and 31 May, Almaty hosted the Kazakhstan forum for the resolution of legal issues at which Deloitte experts Maxim Bazhenov and Akylas Alibi spoke on tax disputes and bankruptcy. The forum is a professional platform on which participants can share their practical experience.
The main themes of the event were:
- the specifics behind the procedure for disputing rulings in simplified court proceedings;
- sector disputes. Cases;
- the specifics of managing disputes in overseas courts and arbitration;
- pre-court procedures for the regulation of disputes;
- the dispute of the actions of judges;
the main practical issues of court reviews as a method of providing evidence
Webinar - “Customs value and classification of goods: what every declarant needs to know”
29/05/2019
On 29 May, Deloitte Tax and Legal Department Manager for Customers, Sholpan Dossymkhanova held a webinar in the Nur-Sultan office under the title “Customs Value and Classification of Goods: What Every Declarant needs to know”.
Experts from the State Revenue Committee, including Svetlana Abdykerova, Head of the Tariff Regulation and Classification Department; Aibar Taishikov, Deputy Head of the Customs Value and Tariff Regulation Department and Galymzhan Kystaubayev, Chief Classification and Origin of Goods Expert were invited to take part in the webinar.
The webinar audience was made up of managers and members of logistics, customs declaration, procurement, finance, accounting and other departments from a range of a companies in Kazakhstan.
KazGUU job fair
15/05/2019
On 15 May, KazGUU held its 2019 job fair, which was attended by Tax and Legal Department Senior Manager Dariga Tokpayeva, who talked to students and graduates about how to become a part of Deloitte.
The event was also attended by representatives from Kazakhstan companies and state authorities.
“Electronic Customs Declaration in Kazakhstan: Latest Trends and New Aspects” webinar
29/04/2019
On 29 April, Sholpan Dossymkhanova, Tax and Legal Department Customs Manager, held a webinar to discuss “Electronic Customs Declaration in Kazakhstan: Latest Trends and New Aspects”. The expert guest speaker was Umitgul Gubasheva – representative of Astana-1 and UNKTAD UN office coordinator.
The speakers discussed issues related to the implementation of the electronic customs declaration of goods, starting with the creation of preliminary information on goods, storage documentation, how to submit and registration electronic declarations, and ending with the automatic release of goods or their release through a range of customs corridors.
A number of new customs authority approaches were discussed, such as:
- the electronic payment of customs duties and taxes;
- pricing information for customs value in the event of an additional customs value review;
- the integration of a customs value declaration with a goods declaration;
- online confirmation of the export of goods;
- the monitoring of intellectual property and other issues.
The webinar was open to executives and employees of logistics, procurement, finance and accounting departments, and specialists from other Kazakhstan companies.
"VAT Reference Account” webinar
29/04/2019
On 29 April, Deloitte held a “VAT Reference Account” webinar discussing current issues around the refund of excess VAT from the budget when VAT payers use a control account in conjunction with Blockchain technology.
Experts also discussed the detailed mechanism behind the “Electronic Invoice” information system and the “Virtual Warehouse” function regarding the accounting treatment of goods when taxpayers use VAT reference accounts, and the record of VAT reference account transactions in an accounting system.
At the webinar, Deloitte was represented by Tax and Legal Department Manager, Vyacheslav Yarov, Consultant Ruslan Zharkinbayev, and outside experts, such as Saltanat Matkulova, Deputy Head of the State Revenue Committee Complex Control Department; Irina Mikhyeva, Open System Development LLP Chief Analyst and “Virtual Warehouse” Chief Analyst; and Viktoriya Gusyeva, 1C-Rating expert.
During the webinar, the experts also shared information on the latest changes to Kazakhstan tax law on the subject matter.
The webinar audience was also made up of executives, chief accountants, tax managers and other representatives of Kazakhstan companies
Astana Legal Forum 2019
19/04/2019
The Astana Legal Forum 2019 was held recently for more than 150 business and state sector representatives.
Deloitte Customs Manager, Sholpan Dossymkhanova talked about “Electronic Customs Declaration in Kazakhstan: Theory and Practice. License Payments: New EAEU Approaches”, while Legal Consultant , Alibi Akylas talked about the Practical Aspects of Disputing Bankruptcy Asset Transactions.
The forum was organised by Lincoln Conferences
Roundtable discussing the “Resolution of WTO disputes”
10/04/2019
On 10 April, Deloitte legal consultants Maxim Bazhenov and Alibi Akylas took part in the “Dispute Resolution in the WTO” roundtable organised by the Al-Farabi Kazakh National University International Law Department at the VI International Scientific Conference of Students and Young Scientists.
The meeting discussed current topics around disputes in Kazakhstan and the WTO, and the potential for the development of arbitration.
The roundtable was attended by Almaty Municipal Court judges B Abdrakhmanov, I Alikhan and D Makhmetov, the Dean of KazNU S Aidarbayev, professors from the international law faculty and company experts.
Conference on English law
10/04/2019
On 10 April, Deloitte Tax and Legal Department members, Senior Manager, Dariga Tokpayeva and Consultant, Leila Kairbayeva participated in an English Law Summit, organised by the Law Association of England and Wales in Nur-Sultan.
The conference was organised by the Association of Lawyers of England and Wales to discuss the latest changes in English law, update information on the UK’s exit from the EU, international arbitration, foreign investment in Kazakhstan and others.
The UK Ambassador Michael Giffold, Vice-President of the Association of Lawyers of England and Wales Simon Davis, and other international and Kazakhstan experts made speeches.
The event was attended by representatives from the state authorities and management from large companies such as Pinsent Masons, Fieldfisher, Zan Hub, Integrities and others.
On 12 April, Legal Consultants, Alibi Akylas and Aziza Khalikova took part in a similar conference in Almaty.
“Practical aspects of bankruptcy and rehabilitation in Kazakhstan” webinar.
On 5 April, Deloitte held a webinar discussing “Practical aspects of bankruptcy and rehabilitation in Kazakhstan”. Experts discussed the following important issues:
1. Bankruptcy – is it a way of avoiding liability or compulsory measure?
2. Is it worth creditors demanding the bankruptcy of their debtors?
3. Rehabilitation can really help restore credit worthiness or is it just a legal tactic?
4. Is it worth creditors demanding their debtors undergo rehabilitation?
5. Is it possible to get your money back if a debtor has no assets?
6. How can you defend debtor management and its partners from liability after a company has gone bankrupt?
7. Planned legislative changes. Will the ultimate owner be liable for its debts?
The webinar was conducted by Deloitte Tax and Legal Department members, Senior Manager Olessya Kirilovskaya, Senior Maxim Bazhenov and Consultant Alibi Akylas, and bankruptcy and rehabilitation managers Yuri Ponomaryev and Natalia Kostina.
The webinar was attended by managers and officials from companies that had dealt with bankruptcy and rehabilitation procedures both as debtors and creditors.
Gumilyev Eurasian National University Council of Employers
04/04/2019
Dariga Tokpayeva has joined the Expert Council of Employers of the Gumilyev Eurasian National University. The Council is a platform for dialogue that develops concrete proposals and strategies to develop the university and prepare highly-qualified experts.
Gift for creditors: the bankrupt controlling party will return your debts
18/03/2019
According to Alibi Akylas, Tax and Legal Department Legal Consultant, “2019 should see changes to bankruptcy legislation, whereby the entity controlling a company may be made jointly accountable for its debts. The difference is that the term “controlling entity” does not mean the director, rather the so-called beneficiary.
Webinar: “Key aspects of public-private partnerships in Kazakhstan”
14/03/2019
On 14 March, Deloitte held a webinar at which clients and partners learnt about the key aspects of realising public/private partnerships in Kazakhstan, specifically, definitions of effective financial models, taxation, the specific of construction projects and legal issues.
Dariga Tokpayeva, Tax and Legal Department Senior Manager acted as the moderator and one of the speakers, and was joined by Radmir Tursynbek, Transaction Support Director, Yeldos Syzdykov, Tax and Legal Department Director and Maria Krivoshta, Financial Advisory Senior.
The speakers shared their experiences of preparing, supporting, monitoring and reviewing PPP in Kazakhstan.
Dangerous taxation trends in Kazakhstan
01/03/2019
Any business, sooner or later, will face audits by the authorities, with the next few years promising a bumper period as many large companies have not been audited for over five years. In light of the expected audits, Deloitte continues to notify taxpayers about the current trends in the tax authorities’ thinking.
Seminar in Aktau. Tax Code amendments in 2019. Legislative trends. Tax disputes
On 31 January, the Aktau Tax and Legal Department held a seminar for leaders, chief accounts, tax managers and other representatives from major companies in Kazakhstan.
The seminar discussed Tax Code changes in 2019, legislative trends and tax disputes.
The participants learnt about the most significant legislative changes due to enter into force in 2019, and were able to enter into discussions with the Deloitte Tax and Legal Group about the latest trends in the resolution of tax disputes and the practical application of tax law.
The event was organised and led by Tax and Legal Department members Agaisha Ibrasheva, Yeldos Syzdykov, Maken Iskakova, Zhuldyz Taitaliyeva, Maxim Bazhenov, Ruslan Zharkinbayev, Dana Mambetova and Valentina Sytina.
The most important changes discussed covered corporate income tax, value added tax, transfer pricing, personal taxation and subsoil user taxation.
The seminar also shed light on currency regulation, criminal liability for tax violations and current court practices.
Astana seminar
On 20 December, Deloitte held a seminar in Astana for over 40 representatives of leading Kazakhstan and international national companies represented in Kazakhstan. A number of Tax and Legal Department members spoke, including Customs Manager, Sholpan Dossymkhanova, who answered questions on customs law, including on the implementation of electronic customs declaration and the ASTANA-1 integrated customs and tax administration system.
Senior Manager, Dariga Tokpayeva informed the participants about the planned changes to criminal and administrative law for tax evasion and their impact on accountability. Recent court cases involving tax audit disputes were discussed.
Senior Tax Consultant, Ruslan Zharkinbayev gave detailed explanations on the main Tax Code amendments in 2019.
The seminar was organised by Tax and Legal Department members Yelena Yeremchuk, Anel Tursunkulova, Assel Khametova and Aiym Babikova.
Webinar: “Planned changes to criminal and administrative law for tax evasion and their impact on accountability"
On 20 December, Deloitte hosted a webinar for managers and leaders of Kazakhstan companies on planned amendments to administrative legislation for tax evasion and their impact on accountability.
The webinar was led by Tax and Legal Department Senior Manager, Dariga Tokpayeva, who was aided by a representative from the State Revenue Committee’s Economic Investigation Service, Raushan Beisekeyeva.
The speakers discussed the expected change to article 245 of the Criminal Code, stipulating liability for tax evasion, and practical issues when transferring materials to and registering them with the Economic Investigation Service and appealing against the actions of tax officials and officials from the Economic Investigation Service.
Tax Code Amendments – 2019 webinar
On 13 December, Deloitte in Atyrau held a seminar for clients and partners on Tax Code amendments – 2019. Legislative trends. Tax disputes”. The participants had the opportunity to learn about the most significant legislative amendments due to enter into force in 2019, and discuss the latest trends in the resolution of tax disputes and the practical application of tax provisions.
In addition to tax law changes, the webinar discussed currency regulation, criminal liability for tax violations and current court practices. The speaker were Tax and Legal Department members, Yeldos Syzdykov, Olessya Kirilovskaya, Maxim Bazhenov, Zhuldyz Taitaliyeva, Maken Iskakova and Dana Mambetova.
Webinar on “planned amendments to anti-monopoly and antitrust legislation and their impact on the practice of bringing companies to accountability”
On 13 December, Deloitte held a webinar for Kazakhstan corporate leaders and managers on planned changes to anti-monopoly and antitrust legislation and their impact on the practice of bringing companies to accountability.
The webinar was led by Tax and Legal Department Senior Manager, Dariga Tokpayeva, who was aided by the Head of the Investigation Department of the Committee for the Regulation of Natural Monopolies, the Protection of Competition and Consumer Rights, Arsen Iskakov.
The speakers shared information on the new provisions in the draft natural monopolies law, including on the tariff policy council, public monitoring in line with the Watch Dog model, tariff regulation methods, contentious issues around rulings related to investigations into competition violations.
Meeting of the working group of the Council of foreign investors and representatives of the National Bank of Kazakhstan on the implementation of investment policy.
On April 12, Deloitte joint meeting of the working group of the Council of foreign investors of Kazakhstan and representatives of the National Bank of Kazakhstan on the implementation of investment policy was held in the Deloitte office in Almaty. A new bill on currency regulation was discussed at the meeting.
Deloitte participants were: partner, Head of tax and legal practice in the Caspian region Vladimir Kononenko, as well as consultants of the Tax & Legal Department Victoria Tyan and Kuralai Abdygalimova.
Kazakhstan Legal Forum 2018
Almaty hosted the Kazakhstan Legal Forum 2018, organised by Lincoln Conferences with the support of the Atameken National Chamber of Entrepreneurs and the Kazakhstan Bar Association.
Sholpan Dossymkhanova, Tax and Legal Department Manager, spoke about tax and customs law, sharing her expert opinion on electronic customs declarations, which are currently a hot topic for companies and customs representatives (brokers), and on the intricacies of working with the new Astana-1 system.
The forum also discussed subjects such as subsoil use and the ecology, business law, corporate law, mergers and acquisitions, dispute resolution and arbitration in Kazakhstan and overseas, AIFC operations and others. The event was attended by over 100 legal department directors from Kazakhstan companies, partners from leading legal firms, international experts and representatives from state structures.
How to protect companies against losing staff to competitors
The concept of “non-competition” has been around in international practice for a long time, but is new in Kazakhstan. In this article, a Deloitte expert discusses law-enforcement practices in Kazakhstan around this issue and its development in recent years. Importantly, the concept initially focused on protecting employer commercial interests in competitive conditions and had nothing to do with restricting employee rights.
Bankruptcy or how managers themselves become debtors
Bankruptcy or how managers themselves become debtors. The negative effects of this latest global financial crisis have been truly global, especially in those countries dependant on oil and gas. Unfortunately, Kazakhstan has been no exception, with events resulting in a wide range of economic and financial repercussions, such as general economic downturn, consumer difficulties and even recession.
Read more: Forbes Kazakhstan
Knowledge week
The participants were trained on such topics as international and corporate taxation, transfer pricing, the specifics of the GES, BPS and Legal areas. Along with the theoretical part, the participants studied real cases from real business projects. The program was formed by the management team for trainees and consultants, based on the most relevant requests. The training week ended with a special course aimed at building an effective team.
Astana Finance Days and IFC conference on legal issues
On July 4, Nurzhan Dairbekov, senior Legal consultant took a part in Astana Finance Days and AIFC conference on legal issues, speakers at which were the Chairman of the constitutional Council of Kazakhstan Kairat Mami, Secretary of state Gulshara Abdykalikova and others. The events were held within the framework of the official opening of the AIFC. The conference participants discussed the special features and advantages of the international Arbitration Center in Astana, including the possibility of filing a claim and relevant documents through the online system, the involvement of professional arbitrators with extensive experience in the field of Finance, investment, subsoil use, etc.
According to the representatives of the AIFC, there is no mandatory requirement to be on the territory of the AIFC to have an official status of membership in it. Regarding the internal law in the AIFC, its developers indicated that it is based on the law of England, but has a more systematic and lightweight structure for the best convenience of its application.
Deloitte is an official partner of the AIFC on issues of the International Arbitration Center, as well as closely cooperates on General issues and advises its clients on activities in the AIFC territory.
English law Conference
On 25 April, the legal community of England and Wales with the UK Ministry of justice and the British Consulate, held a conference on English law in Almaty. The event was attended by the consultants of the Deloitte Legal team - Senior Manager, Olesya Kirilovskaya and Nurzhan Dairbekov.
The conference is a part of campaign to promote interaction between members of the legal community and businesses of the two countries, designed to identify the positive features of the application of English law and legal services within the jurisdiction of the UK.
The discussion touched upon topical and important issues, such as dispute resolution, execution of judicial acts, the principles of legal proceedings under English law.
Meeting of members of the European business Association of Kazakhstan with the Deputy energy Minister Bakhytzhan Djaksaliyev.
4 may in Astana the employees of the Tax & Legal Department, Olessya Kirilovskaya, and Gulsara Ryskeldinova, took part at the meeting of members of the European business Association of Kazakhstan with the Deputy energy Minister Bakhytzhan Djaksaliyev.
The meeting discussed the future of the energy sector in Kazakhstan, the development of alternative energy sources, expanded obligations of producers and importers and other relevant topics.
Astana Finance Days and IFC conference on legal issues
On July 4, Nurzhan Dairbekov senior consultant in Tax&Legal department took a part in Astana Finance Days and AIFC conference on legal issues, speakers at which were the Chairman of the constitutional Council of Kazakhstan Kairat Mami, Secretary of state Gulshara Abdykalikova and others.
The events were held within the framework of the official opening of the AIFC. The conference participants discussed the special features and advantages of the international Arbitration Center in Astana, including the possibility of filing a claim and relevant documents through the online system, the involvement of professional arbitrators with extensive experience in the field of Finance, investment, subsoil use, etc.
English Law Summit in Kazakhstan 2018
On April 23, Astana hosted the event, which brought together leading experts from the UK and Kazakhstan - English Law Summit in Kazakhstan 2018.
Representatives of large companies, legal and consulting firms discussed the advantages of the application of English law, international arbitration and other relevant topics.
The Deloitte speakers were Caroline Armitage - Senior Legal Consultant and Viktoriya Tyan - Legal Manager, who highlighted the issues of business development and the latest legal reforms in Kazakhstan.
Tax Code changes will bring field development investment
Tax and Legal Partner Agaisha Ibrasheva and Senior Manager Aidana Abdaliyeva discussed the most significant Tac Code changes affecting business with Kursiv.kz
Long arm of the law: the cross-territorial application of overseas legislation
Caroline Armitage, English Law Counsel and Senior Legal Adviser has an article in Forbes.kz
Blockchain and Cryptocurrencies from a legal and tax perspective
Tax and Legal Department experts Aliya Tokpayeva and Viktoriya Tyan talk to Investors’ Voice (Amcham.kz) about how to not let fraudsters take advantage of the excitement around the new economic opportunities (p. 18).
Seminars in Atyrau
On 11 and 12 January, Tax and Legal, and Audit colleagues held a client and partner seminar to discuss topical issues such as “Review of the New Tax Code” and “New IFRS 15,16 and 9 Standards and Possible Tax Consequences”
Recycling waste
Olessya Kirilovskaya, Legal Senior Manager talks about how to regulate this issue in Kazakhstan in detail and current results – Kursiv.kz.
Quotas for greenhouse gases - a step towards a “green economy”
Senior Legal Consultant Assel Asubayeva speaks about the effectiveness of the greenhouse gas quota mechanism in the new edition of Investors’ Voice.
Client webinar
On 29 August, the Legal Department, with the support of the Marketing and Communications Department and IT Department, held a webinar for ExxonMobil Kazakhstan Inc.
Bitcoin will be controlled in Kazakhstan
Legal Department Director Artem Tolkachov talks to a Kazakhstan publication about which mechanisms may be used to regulate the new market.
Digital Kazakhstan
Legal Department Manager Viktoriya Tyan shares her expert opinion on electronic document management for the Kazakh TVchannel’s Digital Kazakhstan programme.
The end of fake business
Legal Senior Manager Olessya Kirilovskaya talked to Kursiv.kzabout some important amendments to the Criminal Code.
Eurasian Women’s Business Forum 2017
9 June saw a unique forum in Almaty dedicated to giving business women in Kazakhstan a platform to exchange experiences and talk to potential partners. Legal Partner Agaisha Ibrasheva was one of the speakers at the event.
Outsource 2.0
Olesya Kirilovskaya, Legal Senior Manager, explains to National Business about the activities of General Service Centres, which have become a new trend, especially among international companies.
Foreign Investors Council of Kazakhstan Working Group
On 12 April, Deloitte hosted a joint meeting of the Foreign Investors’ Council Working Group and representatives from the Kazakhstan National Bank to discuss investment policy implementation, including a new bill on currency regulation.
Deloitte participants included Partner and Head of Tax and Legal for the Caspian Region, Vladimir Kononenko, and Tax & Legal consultants Victoria Tyan and Kuralay Abdygalimova.
Electronic documents: myths and realities
Read an article by Senior Legal Consultant, Viktoriya Tyan on electronic documents in Kazakhstan
“Mentoring for Women Entrepreneurs of Kazakhstan” within the framework of the “Women in Business” programme
The aim of the programme is to reduce gender inequality, both in terms of the availability of funding, and in terms of access to know-how, through a comprehensive approach at the levels of financial institutions
themselves, female entrepreneurs, the non-governmental and public sectors.Agaisha Ibrasheva, Deloitte Tax & Legal Department Partner will act as a business mentor for women entrepreneurs over 9 months starting from March 2017.