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Kazakhstan's State Revenue Committee Provides Overview of Change to the Tax Code

04 August 2021

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Approved Changes

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Kazakhstan

Kazakhstan's State Revenue Committee issued a release on 28 July 2021 providing an overview of changes that have been made to the Tax Code. Some of the main changes include: Profits reinvested by small manufacturing businesses in new fixed assets for the development of production are exempted from tax, including reinvestments in the acquisition or construction of buildings and structures for industrial purposes; Deductions are specifically allowed for interest expense on intercompany loans received by subsidiaries from their national parent company; Registered social entrepreneurship entities are allowed a deduction for expenses incurred on advanced training and retraining of socially vulnerable...