Kazakhstan offers many opportunities, and encouraging foreign investment in the main sectors of the economy is a key priority for the country.
In this guide, we provide some useful practical advice on the legal and tax issues that face investors starting and building a business in Kazakhstan. This guide is a highly summarized version of the rules in force as of 1 January 2014.
The most significant taxes in Kazakhstan are as follows:
- Individual income tax
- Social tax
- Corporate income tax
- Withholding tax
- Value-added tax
- Subsoil use taxes
- Tax administration
There are a number of other less significant taxes such as asset tax, land tax, payments for use of various resources such as radio frequencies, environmental taxes and a number of taxes on “subsurface users,” i.e. oil, gas and mining companies.
We hope that it will help investors to avoid common pitfalls and give an overview of matters where some forethought and planning will enable future problems to be avoided.