THE TAX SYSTEM OF THE REPUBLIC OF KAZAKHSTAN:
GENERAL INFORMATION
JANUARY 2006
INTRODUCTION
The tax legislation of the Republic of Kazakhstan consists of the Code On Taxes and Other Mandatory Payments to the Budget (The Tax Code) of June 12, 2001, N 209-II, and other regulatory legal acts, the adoption of which is provided for by the Tax Code.
TYPES OF TAXES
Withdrawals in the Republic of Kazakhstan are as follows: taxes and other mandatory payment to budget (fees, charges, stamp duty and customs payments):
Taxes:
Corporate income tax -
Payers: Resident legal entities of the Republic of Kazakhstan, with the exception of the National Bank of the Republic of Kazakhstan and government institutions, as well as nonresident legal entities doing business in the Republic of Kazakhstan through a permanent establishment or earning income from sources in the Republic of Kazakhstan.
Objects of taxation:
- Taxable income;
- Income taxed at the source of payment;
- Net income of a nonresident legal entity doing business in the Republic of Kazakhstan through a permanent establishment.
Tax rates: General - 30 per cent; income taxed at the source of payment - 15 per cent; in addition to the corporate income tax, the net income of a nonresident legal entity doing business in the Republic of Kazakhstan through a permanent establishment shall be subject to taxation at the rate of 15 percent.
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