What changes have been made to the calculation of CPN

What changes have been made to the calculation of CPN

   

     The Law of the Republic of Kazakhstan dated December 21, 2022 No. 165-VII ZRK amended the Tax Code on the calculation of corporate income tax. The innovations will be introduced from January 1, 2023. This was reported in the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan.

  1. It is not considered as income under the CPN:

    - the cost of electric networks accepted on a gratuitous basis by an energy transmission organization on the balance sheet from state or local executive bodies, other energy transmission organizations or owners of electric networks that do not carry out electric energy transmission activities;

    - an increase in the value balance of groups (subgroups) of depreciable assets, formed as a result of the application of a conditional coefficient by a subsoil user under a contract for exploration and production or production of hydrocarbons for complex projects (with the exception of onshore gas projects).

  1. In order to deduct the amounts of compensation for official business trips and trips of members of the taxpayer's management body, confirmation of travel with a boarding pass or other document is not required.

  2. Non-profit organizations exclude from the total annual income the mandatory expenses of the owners of apartments, non-residential premises of an apartment building, aimed at accumulating money for capital repairs of the common property of the condominium object.

  3. The deduction for the CPN on the amount of expenses for deductions to the social health insurance fund is made by the taxpayer not on paid, but on accrued deductions by analogy with social deductions.

  4. The bodies of the center and their organizations that comply with the conditions specified in paragraph 2 of Article 6 of the Constitutional Law of the Republic of Kazakhstan "On the Astana International Financial Center" are exempt from the obligation to calculate and pay advance payments, including the submission and preparation of tax reports on them.