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2017-2018

Meeting with the Kazakhstan Prime Minister

The Prime Minister’s Council for Improvements to the Investment Climate held a meeting in Astana on 28 February. The meeting was attended by Tax and Legal Head Anthony Mahon.

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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).

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How the EEU and Kazakhstan Customs Codes have changed

LS, in conjunction with the Deloitte Tax Alert discusses how the new Customs Codes will affect business.

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How have taxes changes for the business community?

The new Tax Code has been in place since 2018. LS, together with the Deloitte Tax Alert talks about how the changes to VAT and CIT will affect businesses.

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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”

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IFRS Seminar

On 8 December, Almaty hosted a “New IFRS 9, 15 and 16 Standards and Possible Tax Consequences” seminar for clients. Speakers were Audit Director Dilbar Askarova, Tax & Legal Department Director Yeldos Syzdykov and Audit Director Zhangir Zhilysbayev.

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How taxes will change for Kazakhstan

The new Tax Code has been in place since 2018. LS, together with the Deloitte Tax Alert talks about how the changes will affect individuals.

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Tax Code amendments will take into account the national economy - experts

Tax and Legal Department Head Anthony Mahon and Director Yeldos Syzdykov analysed the proposed tax law amendments for LS.

 

 

Blockchain and cryptocurrencies in Kazakhstan: law and taxes

How to find a balance between promoting honest blockchain transactions and stopping fraudsters cashing in on the newfound enthusiasm for blockchain technology?

Deloitte experts discuss this in their article “Blockchain and Cryptocurrencies in Kazakhstan: Law and Taxes” for Forbes Kazakhstan.

 

Legislative initiatives on monitored foreign companies

Tax and Legal Department Manager Yelena Tsurka shared her expert opinion on the planned changes to the Tax Code with Kursiv.kz. 

Kazakhstan – Uzbekistan: new impetus for collaboration

Over the last year, ties between Kazakhstan and Uzbekistan have acquired a new impetus – in the first eight months of 2017, sales between the two countries grew 35% to exceed US$ 2 billion. The start of this year saw the launch of a development strategy for the next five years. What issues does the strategy cover? How do they affect business development in the two countries?

Bakhtiyor Sufiyev, Tax and Legal Department Senior with Deloitte Uzbekistan.

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Changes to the tax code should be made taking into account the country's economy

Head of the Tax Department  Anthony Mahon and Tax Director  Eldos Syzdykov analyzed the proposed changes in the tax legislation of Kazakhstan for the LS

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Legislative stability is important for business - expert

2018 will see the introduction of the new Tax Code. How do you change the law and how often should you do it?

Nurzhan Kozhakhmetov, Tax and Legal Department Manager gives a detailed response in his article for LS.

 

Why does the Kazakhstan economy need tax credits?

Experts have assessed the probable effect of the introduction of tax credits, LS.

Caspian Region Tax and Legal Department Director Yeldos Syzdykov explains that the new instrument, according to Ministry for the National Economy statistics, will incorporate a tax liability deferral of 3-5 years.

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How to prepare for a tax audit

The main objective of the tax authorities is to ensure tax liabilities are paid in full and monitor taxpayers in their tax liabilities.

For more details, read the article by Botagoz Tanbayeva, Deloitte Tax and Legal Department Senior for 

Kursiv.kz

Deloitte assess the new changes to the Tax Code

Deloitte Caspian Region Managing Partner Mark Smith and Tax and Legal Department Partner Vladimir Kononenko commented for LS on the latest Tax Code amendments, touching on the legislator’s initiative that disputes will now be settled in the taxpayer’s favour.

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Tax return: what everyone should know

Universal declaration is around the corner for Kazakhstan. From 2020, annual income and property returns will have to be filed by all Kazakhstan citizens. What do you need to know to ensure you don’t end up violating tax law?

Zhuldyz Taitaliyeva, Deloitte Tax and Legal Department Senior answers this and many other questions for Kapital.kz

Specifics of the taxation of the Kazakhstan agricultural industry

The Kazakhstan agricultural industry is one of the country’s strategic sectors, one which has great potential for development. One of the key aspects involved in improving the agricultural industry is simplifying taxation and providing tax concessions for agricultural businesses. For more details, read Deloitte Tax and Legal Department Assel Tamenova’s article for  Kursiv.kz

Canadian mining mission in Uzbekistan

On 18 March, Tashkent hosted the Canadian Mining Mission in Uzbekistan. Deloitte experts together with the Canadian Business Association in Russia and Eurasia spoke on Doing Business in Uzbekistan. Deloitte experts talked about how to open and do business in Uzbekistan, comply with local laws, taxation requirements, and provided a general overview of export conditions and customs clearance procedures, and many others.

 

Price is not for everyone

Deloitte Uzbekistan Tax and Legal Department Manager Andrey Tyo explains how a lack of transparent transfer pricing regulations creates risks for businesses and hinders the inflow of direct foreign investment.

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Taxation of the transfer of goods for advertising

Practically every company comes up against advertising expenses, which may include company costs to transfer goods to potential clients for promotional purposes. Deloitte Tax and Legal Department Senior Aigul Nurgaliyeva gives more details in her article for Kapital.kz

Decriminalisation of tax violations and business development

The effective removal of barriers to economic development and building of additional business development conditions are key to weathering a crisis.

Deloitte Tax and Legal Department Senior Adilzhan Nakipov discusses the issue in more detail in his article for Kursiv.kz

Simplification of document flow between Russian and Kazakhstan taxpayers

With each year the number of transactions between Kazakhstan and Russian companies increase due to improved relations between the two countries in all areas. For this reason, the justification for Kazakhstan companies to withhold Kazakhstan income tax on their Russian partners is very important. Deloitte Tax and Legal Department Senior Olga Kryzhanok discusses the issue in her article for  Kursiv.kz

Sales tax instead of VAT: do we need it?

Deloitte Tax and Legal Department Senior Maral Kushenova discusses this in her article for Kapital.kz

The export of pensions in the framework of the Eurasian Union

Issues of free movement of labour, including pensions for workers outside their country, are now becoming topical. As they grow older, people begin to wonder what awaits them at retirement age. The topic will be revealed by Manshuk Makan, senior consultant of the Department of taxes and law, Deloitte.

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