New procedures for the handling of audit and disputes arising came into effect 1 July 2017. Certain categories of taxpayer can now obtain a “preliminary” tax audit ahead of the finalized audit act and have the right to object in writing to the findings of such “preliminary” audit. Continue reading “Kazakhstan’s Tax’s System: Reform of Dispute Procedures”
The Finance and Budget Committee of the Majilis (Kazakh Parliament) convened a roundtable discussion last week to examine the latest Draft Package of the New Tax Code. The roundtable was moderated by Gulzhana Karagusova, Chair of the Finance and Budget Committee. Continue reading “ITIC Participates in Kazakh Parliamentary Tax Roundtable”
ITIC President Daniel Witt discusses economic reform in Kazakhstan with Khabar TV.
More information is available on http://24.kz/ru/news/poslanie/item/163971-prodolzhaet-idti-vpered
ITIC President Daniel Witt talks about President Nazarbayev’s recently announced Kazakh constitutional reforms. Click here for more information.
Tax and Customs Code Unification
During a press briefing last week with visiting IMF Managing Director Christine Lagarde, Kazakh Prime Minister Karim Massimov stated that the Kazakh Government does not intend to speed up the work on unifying the Tax and Customs Codes, noting that, “We have developed a new Tax Code, which is likely to be aligned with the Customs Code. Initially we planned to have come up with concrete decisions this year, but now we have decided that we need about one year to make a final decision.”
Continue reading “Kazakhstan: Tax Update”
On 8-12 March, ITIC Kazakhstan organized a fact-finding mission for officials from the State Revenue Committee of the Kazakh Ministry of Finance. The following Kazakh officials met with officials at the Federal Tax Service of Russia to exchange information and share experiences as Kazakhstan begins implementing best practices and following OECD norms:
- Aisulu Burambayeva (Deputy Head of the Special Department)
- Aliya Alenova (Senior Expert of the Special Department)
- Agera Rakhmetova (Senior Expert of the Special Department)
- Daniyar Khassenov (Expert of the Special Department).
The Supreme Court of Kazakhstan has announced the creation on a new Specialized Board to Resolve Disputes with Large Investors. In a recent television interview, Aigul Kadyrbayeva, Supreme Court Judge and Chair of the Specialized Board, said that the Board will consist of 7 Judges from the Supreme Court who have long-term experience in resolving investor disputes and are familiar with international judicial practice. Continue reading “Kazakh Supreme Court Specialized Board on Investor Disputes”
On 28 December 2015, Kazakh Minister of National Economy Yerbolat Dossayev conducted a briefing for Members of Parliament in the Kazakh Majilis in which he formally announced that the Kazakh Government has decided to replace the Value-Added Tax (VAT) with a Retail Sales Tax (RST).
He indicated that the draft package of changes and amendments to the Tax Code will be submitted to the Parliament by 1 September 2016. This draft package will contain proposals to replace VAT with RST and unify the Tax and Customs Codes into one Code.