Tax Alert: January 2019

SIGNUM regularly provides Legislative Alerts to keep Clients informed about important legislation or regulatory changes in Kazakhstan. This Alert includes recent developments related to the following finance and tax matters:

  1. Tax Reporting Forms and Rules
  2. Financial Statements: Forms, Filling and Submission Rules
  3. Tax Audit Rules and Requirements for its Submission
  4. Personal Accounts Conducting Rules
  5. Forms of Tax Statements
  6. VAT Exemption for Sales of Medicines and Medical Products
  7. Rules of Disclosure of a Taxpayer's’ Information to Banks and Other Organizations Carrying Out Certain Types of Banking Operations
  8. Rules of Submission an Information, Necessary for Currency Control by the Ministry of Finance of the RK to the National Bank of the RK
  9. Tax and Customs Administration
  10. Regulations on the State Revenue Committee of the RK
  11. Rules for Payment, Distribution, Transfer and Return of a Single Cumulative Payment in the Form of PIT and Social Payments
  12. Rules for Writing Off the Amount of Penalties and Fines, Upon Payment of the Arrears Amount
  13. Rules for the Formation of a Risk Management and Internal Control System for the Central Depositary
  14. The Templates on Transfer Pricing Reporting and Guidance on How to Fill Them In
  15. Convention for the Avoidance of Double Taxation between Kazakhstan and Croatia


1. Tax Reporting Forms and Rules

On 20 December 2018, the forms of tax returns and the rules on their filling were amended by the Order of the Finance Minister of Kazakhstan No.1095. The amendments came into force starting from 1 January 2019.

Please follow the link to find out more information.

2. Financial Statements: Forms, Filling and Submission Rules

On 21 January 2019, the forms of financial statements and the rules on their filling and submission were amended by the Order of the Finance Minister of Kazakhstan No.40. The Order came into force on 25 January 2019 and applies from 1 January 2019.

Please follow the link to find out more information.

3. Tax Audit Rules and Requirements for its Submission

On 16 January 2019, the tax audit rules and requirements for its submission were amended by the Order of the Finance Minister of Kazakhstan No.21. The Order will be effective from 8 February 2019.

Please follow the link to find out more information.

4. Personal Accounts Conducting Rules

On 17 January 2019, the rules on personal accounts conducting were amended by the Order of the Finance Minister of Kazakhstan No.24. The Order is effective from 1 January 2019.

Please follow the link to find out more information.

5. Forms of Tax Statements

On 27 December 2018, the tax statement forms on offsetting and refund of taxes, on payments to the budget, on customs payments, on penalties, on interest and on fines were amended by the Order of the Finance Minister of Kazakhstan No.1115. The Order is effective from 1 January 2019.

Please follow the link to find out more information.

6. VAT Exemption for Sales of Medicines and Medical Products

On 28 December 2018, the Tax Code was amended by the Law of the RK No. 211-VI. The amendments came into force starting from 19 January 2019 and introduced the exemption from VAT on sales of medicines and medical products.

Please follow the link to find out more information.

7. Rules of Disclosure of a Taxpayer's’ Information to Banks and Other Organizations Carrying Out Certain Types of Banking Operations

On 27 December 2018, the rules on disclosure of a taxpayer's’ information to banks and other organizations carrying out certain types of banking operations were amended by the Order of the Finance Minister of Kazakhstan No.1114. The Order is effective from 20 January 2019.

Please follow the link to find out more information.

8. Rules of Submission of the Information, Necessary for Currency Control by the Ministry of Finance of the RK to the National Bank of the RK

The Joint Order of the Minister of Finance No. 1098 and of the Chairman of the National Bank No.528 approved the rules for the submission of the information required for currency control. The Joint Order comes into force on 1 July 2019.

Please follow the link to find out more information.

9. Tax and Customs Administration

On 24 January 2019, some issues of tax and customs administration were amended by the Order of the Finance Minister of Kazakhstan No.45. The Order comes into force on 10 February 2019.

Please follow the link to find out more information.

10. Regulations on the State Revenue Committee of the RK

On 18 January 2019, the regulations on the State Revenue Committee of the RK were amended by the Order of the Finance Minister of Kazakhstan No.26. The Order is effective from 18 January 2019.

Please follow the link to find out more information.

11. Rules for Payment, Distribution, Transfer and Return of a Single Cumulative Payment in the Form of PIT and Social Payments

On 18 January 2019, the rules for payment, distribution, transfer and return of a single cumulative payment in the form of PIT and social payments were approved by the Decree of the Government of the RK No.4. The Decree came into force on 21 January 2019 and is effective until 1 January 2024.

Please follow the link to find out more information.

12. Rules for Writing Off the Penalties and Fines, Upon Payment of the Debt

On 21 January 2019, the rules for writing off the penalties and fines, upon payment of the tax debt were approved by the Order of the Finance Minister of Kazakhstan No.39. The Order comes into force on 8 February 2019.

Please follow the link to find out more information. 

13. Rules for the Formation of a Risk Management and Internal Control System for the Central Depositary

On 28 December 2018, the rules for the formation of a risk management and internal control system for the central depositary were approved by the Resolution of the Board of the NB of the RK. The Resolution came into force on 29 January 2019.

Please follow the link to find out more information.

14. The Templates on Transfer Pricing Reporting and Guidance on How to Fill Them In

On 24 December 2018, the Templates of Local file, Master file and Country-by-Country Reporting on transfer pricing and the submission rules were approved by the Order No. 1104 of the Finance Ministry of Kazakhstan. The Order is effective from 1 January 2019.

Please follow the link to find out more information.

15. Convention for the Avoidance of Double Taxation between Kazakhstan and Croatia

The Law of the RK No. 214-VI dated 8 January 2019 “On ratification of the Agreement between the Government of the Republic of Kazakhstan and the Government of the Republic of Croatia on avoidance of the double taxation and prevention of the tax evasion with respect to taxes on income and its Protocol” was enacted on 21 January 2019.

Please follow the link to find out more information.

The external links in this Alert referred to the web-sources in Russian language. Should you have any questions or require any further information please let us know.

Information contained in this Client Update is of general nature and cannot be used as legal advice or recommendation. Please note that Kazakhstan is an emerging economy, and its legislation and legal system are in constant development. Should you have any questions or want to discuss matters addressed in this Client Update, please contact us.