Tax laws Kazakhstan
Kazakhstan's taxation system is governed by the Code of the Republic of Kazakhstan On Taxes and Other Obligatory Payments to the Budget (the "Tax Code"), which was adopted on December 10, 2008, and came into effect on January 1, 2009.
Key Taxes in Kazakhstan:
Corporate Income Tax:
- Rate: 20%
- Scope: Applies to resident and non-resident legal entities operating through a registered permanent establishment in Kazakhstan.
Value Added Tax (VAT):
- Rate: 12%
- Scope: Applied to sales turnover within Kazakhstan and imports of goods and services.
- Export Goods: Subject to a 0% VAT rate.
Personal Income Tax:
- Residents: 10%
- Non-residents: 15%
- Scope: Tax rates apply to income earned within Kazakhstan.
Social Tax:
- Rate: 11%
- Scope: Paid by legal entities on salaries and in-kind benefits provided to employees.
Property Tax:
- Rate: 1.5%
- Scope: Applied to buildings owned by legal entities.
Excise Taxes:
- Scope: Levied on specific goods, including alcohol, tobacco, gasoline, and vehicles with engine volumes over 3 liters.
Rental Tax on Exports:
- Scope: Applied to exports of crude oil, gas condensate, and coal, with rates varying based on market prices.
Subsurface Use Taxation:
- Scope: Includes payments such as signature bonuses, commercial discovery bonuses, and taxes on mineral production.
Vehicle Tax:
- Scope: Levied based on engine volume, vehicle weight, or the number of seats.
Land Tax:
- Scope: Applied to legal entities possessing or using land plots.
Other Taxes and Fees:
- Scope: Include various fees for registration, licensing, environmental pollution, and the use of natural resources.
To attract foreign investment, Kazakhstan has historically offered incentives such as tax exemptions and concessions. For example, in June 2014, tax concessions were introduced, including a 10-year exemption from corporate tax, an 8-year exemption from property tax, and a 10-year freeze on most other taxes for qualifying investments. Additionally, refunds of up to 30% of capital investments were offered once a production facility became operational.
Please note that tax laws and regulations are subject to change. For the most current information, it is advisable to consult official sources or seek professional tax advice.
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