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Kazakhstan Clarifies Deductibility and Taxation of Charitable Donations — Orbitax
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Kazakhstan Clarifies Deductibility and Taxation of Charitable Donations

|Approved Changes|Kazakhstan
Kazakhstan

Kazakhstan's State Revenue Committee recently issued a release regarding the deductibility of charitable donations (assistance). For the purpose of calculating corporate income tax, it is explained that taxpayers are entitled to deduct charitable donations up to a total amount equal to 3% of taxable income for large taxpayers and 4% of taxable income for all other taxpayers. The deduction is a…

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