Accounting and tax compliance

Dealing with tax and accounting might be challenging. Whether it is a dormant, just opened company or already existing and well established business there are from few to several reports to be submitted to the tax and other authorities of Kazakhstan during a fiscal year.

Submitting tax returns to the Kazakhstan tax authority, calculating taxes, meeting payments deadlines become easier and less stressful with Tributum. We provide accounting and tax compliance services for both international and local companies.

We offer following services:

– Preparation of tax reports;

– Filing of tax reports on behalf of a client;

– Payroll accounting;

– Bookkeeping services;

– Assistance with managing of bank accounts;

– Tax authorities’ inspections and negotiations.

Our accounting and tax compliance team is ready to provide professional services in English language for foreign clients. Our pricing policy is flexible depending on client’s business. We strive to establish a long term cooperation and always interested in building trustworthy relationships.

HR compliance and payroll services

Foreign and local companies face main challenge in compliance with lots of rules and requirements of Kazakhstan due to complicated and unstable labour regulations. Hiring employees, keeping and updating labour documentation, paying salary, calculating salary related taxes can be simple and cost efficient by using our HR compliance and payroll services.

Here are some examples of services we provide both for residents and non-residents in Kazakhstan:

– HR documentation for personnel (orders, regulations);

– Agreements with employees (labour, non-competition, personal data);

– Notifications to the Labour authority for non-resident employees;

– Payroll services (calculation of salary, individual income tax, pension contribution, social contribution, social tax);

– Filing tax reports on salary taxes.

Tax advisory services

Is your company entering Kazakh market for the first time or you have troubles in understanding tax consequences of your business decisions? It is always better to think in advance. We are here to provide you required assistance and advice. Our specialists have solid background in writing opinions and memoranda on various tax related issues.

Please ask our advises on Kazakh tax system, use of double tax agreements or general understanding Kazakh Tax Code.

Kazakhstan tax information

We are happy to share basic information on Kazakhstan tax system and rates according to Kazakhstan tax code.

Rates:

Corporate income tax – 20%;

Personal income tax – 10%;

VAT – 12%;

Withholding tax on dividends – 15% (20% for tax heavens);

Withholding tax on interest and royalty – 15% (20% for tax heavens);

Branch remittance tax – 15% on net profit (after corporate income tax);

Social tax – 11% (payable by employer);

Social security – 5% (payable by employer);

Pension contribution – 10%.

Tax compliance

Fiscal period – 1st January – 31st December of calendar year;

Corporate income tax filling deadline – 31st March of the year following the reporting fiscal period;

Penalty rate – assessed at 2,5 times of the National Bank refinancing rate;

Participation exemption and holding regime – not applicable;

Transfer pricing/arm’s length rule – applicable;

Thin capitalisation rule – applicable;

Controlled foreign entity – applicable;

Capital gain tax – applicable;

Tax treaties – 44 countries.