A draft Order has been developed «On approval of the list of countries with which an international treaty regulating the avoidance of double taxation and prevention of tax evasion has entered into force, the nominal income tax rate of which is more than 75 percent of the corporate income tax rate in the Republic of Kazakhstan»

A draft Order has been developed «On approval of the list of countries with which an international treaty regulating the avoidance of double taxation and prevention of tax evasion has entered into force, the nominal income tax rate of which is more than 75 percent of the corporate income tax rate in the Republic of Kazakhstan»

PRESS RELEASE
to the draft Order «On approval of the list of countries with which an international treaty regulating the avoidance of double taxation and prevention of tax evasion has entered into force, the nominal income tax rate of which is more than 75 percent of the corporate income tax rate in the Republic of Kazakhstan»

In order to apply subparagraph 1) of Article 294 of the Code of the Republic of Kazakhstan «On Taxes and Other Mandatory Payments to the Budget» (Tax Code) No. 120-VI of December 25, 2017, the list of countries with which an international treaty regulating the avoidance of double taxation and prevention of tax evasion entered into force, the nominal income tax rate of which is more than 75 percent of the corporate income tax rate in the Republic of Kazakhstan, is approved by the authorized body no later than December 31 of the year following the reporting period.
In this regard, a draft Order «On approval of the list of countries with which an international treaty regulating the avoidance of double taxation and prevention of tax evasion has entered into force, the nominal income tax rate of which is more than 75 percent of the corporate income tax rate in the Republic of Kazakhstan» has been developed in accordance with paragraph 1 of Article 294 of the Code of the Republic of Kazakhstan «On Taxes and other Mandatory Payments to the Budget» (Tax Code) No. 120-VI of December 25, 2017.
This order provides for a list of countries with which an international treaty regulating the avoidance of double taxation and the prevention of tax evasion has entered into force, the nominal income tax rate of which is more than 75 percent of the corporate income tax rate in the Republic of Kazakhstan.
The draft order is posted on the Internet portal of open regulatory legal acts https://legalacts.egov.kz/npa/view?id=12178213 from 14.10.2021.
The deadline for public discussion of the draft Order is October 28, 2021.