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Kazakhstan: News And Tax/Accounting Activities, October 2023

Discussions regarding the Tax Code in 2025 are ongoing. Below are some of the upcoming changes to be acquainted with: 

  • Upcoming changes to VAT: VAT for different sectors of the economy will be different. But the exact rate is not yet clear.  
  • Changes to Corporate Income Tax Rate are in progress: current CIT rate is 20%. A potential rise to CIT rate is being discussed.  
  • Individual Income Tax: currently, Kazakhstan is in use of “Single Flat Rate” tax practice for individual income tax. However, there are discussions around adopting to a “Progressive Rate” taxation practice.  
  • The optimization of excise tax rates on tobacco products is under consideration, with plans for a progressive elevation in the excise tax rate in cigarettes, aiming to reach 28 euros by 2024.  
  • Reforms to Special Tax Regimes: consolidating regimes that share similar conditions, eliminating unused ones, adjusting regime eligibility criteria based on real-world usage data, and enhancing the retail tax regime. 
  • Taxation on vehicles and real estate property owners: several upcoming measures are in progress with the aim of optimizing taxation related to automobiles. 
  • International Taxation: the process of revising the application of benefits for dividends paid to non-residents is currently underway, and efforts are being made to establish a clear definition of “royalty” to ensure consistent application and resolve contentious matters. 
  • Full list of accounting activities in October you may see below:  
  1. Calculation and payment of wages for September: 1 – 10 of October, 2023 
  2. Submission of tax reporting – 

before October, 16 

  • submission an excise duty tax return in the form 400.00 and calculation for subdivisions in the form of 421.00 

before October, 20 

  • EAEU for received imports – submission of an import application in the form 328.00 and payment of VAT

3. Payment of taxes:  

Before October, 2 

  • individuals engaged in private practice pay PIT (personal income tax) 

Before October, 20 

  • excise + excise tax for enterprise standard 

Before October, 26 

  • wage taxes and contributions  
  • withholding tax and advance payments for CIT 
  • other taxes 
  1. Submission of statistical reporting according to schedule for your business activities 
  2. Other activities in area of primary documentation checkup/collection, reconciliation acts and matching of electronic invoices on state portal with 1C or other software; daily bookkeeping activities.   

 

article prepared by Fatima Nuritova 

3nd of October 2023 

 

 

 

 

  • Author: Gunel Musa

Public Relations Manager

04.10.2023
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