Amendments were made to the Tax Code on the calculation of CIT
(Law of the Republic of Kazakhstan dated December 21, 2022 No. 165-VII ZRK)
From January 1, 2023:
- Not considered as CIT income:
– the cost of electrical networks accepted on a gratuitous basis by an energy transmission organization on the balance sheet from state or local executive bodies, other energy transmission organizations, or owners of electrical networks that do not carry out activities for the transmission of electrical energy;
– increase in the cost balance of groups (subgroups) of depreciable assets resulting from the application of a conditional coefficient by a subsoil user under a contract for the exploration and production or production of hydrocarbons for complex projects (with the exception of onshore gas projects).
- Confirmation of travel by a boarding pass or other document is not required for deduction the amounts of compensation for business trips and trips of members of the taxpayer’s management body.
- Non-commercial organizations exclude from their total annual income the mandatory expenses of the owners of apartments, non-residential premises of a multi-apartment residential building, aimed at accumulating money for capital repairs of the common property of the condominium object.
- The CIT deduction for the amount of expenses for contributions to the social health insurance fund is made by the taxpayer not for paid, but for accrued contributions, by analogy with social contributions.
- The bodies of the center and their organizations that meet the conditions specified in paragraph 2 of Article 6 of the Constitutional Law of the Republic of Kazakhstan “On the Astana International Financial Center” are exempt from the obligation to calculate and pay advance payments, including the submission and preparation of tax reporting on them.
