Skip to main content

KAZAKHSTAN's new tax code providing simplified regime for SMEs came into force

posted onJanuary 13, 2018

On 25 December 2017, Kazakhstan adopted a new Tax Code and certain tax-related amendments to a number of laws. Most provisions of the New Tax Code and the Tax Amendments took effect on 1 January 2018. The new Code is aiming to remove inefficient tax benefits, improve tax schemes, bring the fiscal policy into conformity to new economic demands, stimulate business to get out of the shadow market, expand the taxation in the commodity sector, and improve VAT administration.

It should be noted that the business community took an active part in the drafting of the Tax Code, a significant part of  Atameken's initiatives were supported and taken into account. Atameken, is the national chamber of entrepreneurs of the Republic Kazakhstan. 
The current threshold for VAT in the amount of 30,000 MCI is preserved without a phased reduction;
The existing special tax regimes are preserved;
The social tax rate reduced from 11 to 9.5%;
The principle of good faith of the taxpayer was introduced;
Fines and penalties will not be applied if the taxpayer acted in accordance with the explanation of the tax authority and on which the position subsequently changed;
Reduced the limitation period from 2020 for SMEs from 5 to 3 years, for the remaining 5 years.

Under the New Tax Code, from 1 January 2020:
significant changes to the New Tax Code (such as introducing new taxes or increasing tax rates) will be possible not more than once a year, should be adopted not later than 1 July of the current year, and should take effect not earlier than 1 January of the following year;
other changes to the new Tax Code (such as those relating to tax administration or improving the taxpayer’s position) are possible more frequently than once a year, but should be adopted not later than 1 December of the current year; and
changes to the New Tax Code should be enacted only by a specific law dealing with taxation and may not be included in other laws.

The provisions for individual income tax will be altered from January 1, 2020 in connection with the introduction of universal declarations for citizens. The norms regarding the issuance of invoices and excise rates will come into force on January 1, 2019, while the norms on taxation of dividends and value increments, as well as the Free Economic Zones will enter into force from January 1, 2020.

line black 1300
line black 1300


By Newsroom

Kyoto is the iconic tourist spot of Japan and its best season is spring in April. All over the city clouds of beautiful cherry blossoms bloom and draw visitors from every corner of Japan and the world; every evening the trees are lit and give a truly enchanting display.  

By Newsroom

Sorrento, perched picturesquely on a plateau above the sea with spectacular views over the Bay of Naples, has been a popular tourist destination for almost two centuries. This beautiful seaside community makes a great base for visiting the Amalfi Coast, Capri and Pompeii. 

By Newsroom

April isn’t actually spring in Argentina — it’s fall. Which happens to be harvest season for the hundreds of vineyards that call Mendoza home. Every March through May, the region attracts more than 70,000 wine lovers to witness the gathering of the grapes in one of Argentina’s most prolific winemaking zones. 

By Newsroom

Maramures is probably the most wonderful hidden secret of Romania. Like walking into a fairy tale or stepping back into medieval Europe.  Maramures has the most UNESCO monuments in the country. But besides the monuments, you’ll love the welcoming people, scenery and gastronomy. 

By Newsroom

Madagascar, a huge island nation off the southeast coast of Africa, is home to thousands of animal species – like lemurs – found nowhere else, plus rainforests, beaches and reefs. Miles and miles of stunning coastline wrap around the island.  Turtles visit the beaches, dolphins and whales appear in its waters revelling in the crystal clear water of this wonderland. 

By Newsroom

With over 14 miles of idyllic beaches, a range of modern resorts and accommodations, excellent shopping, dining and nightlife, Cancun is one of Mexico`s most popular destinations and one which keeps visitors coming back again and again.

By Newsroom

The most popular island holiday destination in the Indonesian archipelago is home to an ancient culture that's known for its warm hospitality.Exotic temples and palaces set against stunning natural backdrops 


Kyoto, Japan: The cherry blossoms create one of the most spectacular spring sights in the city


Sorrento,Italy: Cobblestone streets, small, rocky beaches and picture-perfect views of Mount Vesuvius and Naples 


Mendoza, Argentina: Loved for its tree-lined streets, sunny days, Malbec wine and restaurants and spas


Maramures, Romania: Widely regarded as the country's most traditional region


Madagascar, Africa: One of the most jaw-dropping and fascinating wildlife hotspots


Cancun, Mexico: Surrounded by clear Caribbean waters it has much more to offer than its party-town reputation might suggest.


Bali, Indonesia: Stunning beaches, scenic rice paddies and deep sense of spirituality draw millions of foreign visitors