DESTINATION KAZAKHSTAN
Amendments and additions
to the tax code of RK
In order to solve the current problems of the tax system, defined in the
message from the President of Kazakhstan as of 30 November 2015 and
31 January 2017, the government has drafted a new Tax Code. The draft
suggests: taxes and other obligatory payments into the state budget, practical
implementation of the tax code of the RK, amendments and additions to
some tax legislative acts. In the process of reviewing the law drafts at Majilis,
the big work has been accomplished with the participation of government
representatives, Chamber of Entrepreneurs of Kazakhstan (Atameken), the
sectoral associations concerned and public experts.
Gulzhana Karagussova,
Chairperson of the
Finance and Budget
Committee of Majilis
of RK
Deputies of Majilis contributed 1,200
amendments to the tax code draft, which
are aimed at refinement and improvement in
the draft standards. It was stated that the
draft was reviewed by Majilis on 1 November
2017 in the second reading and forwarded to
Senate of the Parliament.
It should be noted in accordance with the
Ministry of National Economy that sectoral
associations and entrepreneurs of various
spheres of the economy actively participated
in composing the draft law. All reasonable
business proposals are taken into account as
much as possible in the draft code.
In general, the draft code provides for changes
in ideology, the introduction of incentives
and the simplification of administration.
The ideology will be aimed at protecting
a bona fide taxpayer. Incentives will be
given to various sectors of the economy.
Administration will become simpler and will
motivate the self-payment of taxes.
1
Ideology
The ideology is aimed at protecting the
interests of a bona fide taxpayer.
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1. All ambiguities and inaccuracies will be
interpreted in favor of taxpayers. This
principle will allow us to treat tax disputes
fairly.
2. It is suggested to apply fines and penalties
if the taxpayer acted in accordance with the
explanation of the tax authority and on which
the position subsequently changed.
3. The requirement for validity of additional
charges will be strengthened. Now, acts of
tax audits require appropriate justifications.
4. Businesses will be given more time to
study legislative changes. The amendments
are proposed to be accepted no later than
July 1.
5. Protection against numerous amendments
appears throughout the year. It is proposed
that all amendments to be introduced should
be consolidated into one draft law. This will
enable businesses to be aware of all changes
to the tax code.
For the application in practice, the norms
for the adoption of amendments require an
adaptation period. To this end, the norms
are put into effect from 2020.