The State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan took part in an Argus Media seminar

        In November 14, 2024 the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan took part in the seminar of the international pricing agency «Argus Media» on the topic: «Argus Markets of fertilizers and sulfur in the countries of Central Asia», and the largest companies of the Kazakh market - fertilizer producers such as «Kazazot» and «Kazphosphate», sulfur producers such as «Tengizchevroil», «Kazmunaigas» and «NCOC»,  and representatives of the Kazakh transport industry such as «PTC HOLDING», «Texol», «Tengiztransgroup» and other companies have also participated.

      During the seminar, Nurzhan Karabayev, Deputy Head of the Transfer Pricing Division of the Specialized Department of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan, highlighted in detail the trends in the development of transfer pricing legislation in Kazakhstan. In particular, he spoke about conceptual changes made to the Law of the Republic of Kazakhstan dated March 25, 2024 № 68-VIII LRK.

      Sergey Agibalov, Vice President of Consulting in the CIS region, presented an overview of the global fertilizer market and perspectives for the development of the domestic market in Kazakhstan.

      Anton Antonov, Head of direction «Mineral Fertilizers» in Russia and CIS of Argus, spoke about methodologies and practices of price determination for the fertilizer market.

      Argus Consulting Services experts told about Argus' activities in the field of research of fertilizer and sulphur markets in Central Asia and Russia, including research of transportation and related costs commissioned by business entities of the Republic of Kazakhstan for the needs of transfer pricing.

      The State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan and the seminar participants had a unique opportunity to discuss current trends on the market of mineral fertilizers and sulphur, current issues of pricing and interaction with regulatory authorities under the transfer pricing legislation of the Republic of Kazakhstan.