Overview of tax legislation. A short course on taxation in Kazakhstan

Programme

Tax administration

• Expansion of the rights and obligations of tax authorities
• Expansion of banks' obligations to provide information to tax authorities
• Change of approach to desk audits
• Restriction on issuing electronic invoices in the electronic invoice system
• Introduction of periodic tax audits
• Other changes in administration

Corporate income tax

• Procedure for adjusting aggregate annual income for dividends
• Changes in deductions for services provided by a related non-resident party
• Change in deductions for compulsory social health insurance
• Changes in deductions for subsoil users
• Procedure for reducing taxable income
• Changes in the taxation of controlled foreign companies
• Other main changes in calculating CIT, including for subsoil users

Individual income tax, social payments

• The impact of changes in the monthly calculation index and minimum wage on calculating individual income tax and social payments
• Procedure for calculating individual income tax on income below 25 MCI and under civil law contracts
• Changes in the taxation of dividends
• Mandatory pension contributions (MPC, mandatory occupational pension contributions)
• Social contributions
• Health insurance deductions and contributions
• The draft Social Code and how it will affect social payments
• Procedure for withholding individual income tax and social payments (MPC, health insurance contributions and social contributions) from non-resident individuals working under an employment or civil law contract
• Changes in completing form 240.00 for property income

Value added tax

• Expansion of the range of taxpayers issuing electronic invoices
• Deadlines for issuing electronic invoices at the buyer's request
  • restriction on issuing electronic invoices
• Issuing goods consignment notes
  • pilot project on administering VAT on goods imported into the territory of the Republic of Kazakhstan
  • pilot project on the traceability of goods turnover
  • pilot project on improving the administration of socially significant food products, coal and grain traceable in the territory of the Republic of Kazakhstan
  • simplified procedure for refunding excess VAT

International taxation

• Changes in the taxation of dividends
• Applying conventions to exempt dividends, royalties and interest from taxation
• The MLI international convention, application

Special tax regimes

• Advantages of switching to the special mobile application
• Changes in applying the special tax regime for retail tax
• Changes in applying the single aggregate payment
• The single payment on wages: who can apply it and how it is calculated

Universal income declaration

• The form 250.00 declaration: what you need to know when completing it