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