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Tax NewsFlash - Special Issue - CFC

Tax NewsFlash - Special Issue - CFC

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Following the recommendations of the Organisation for Economic Cooperation and Development (OECD), the new Tax Code enhanced and detalized the procedure for taxation of foreign companies controlled by Kazakhstan residents. For these purposes, the Tax Code introduced definitions of a controlled foreign company (CFC), CFC’s permanent establishment (CFC PE), direct, indirect and constructive control or possession, immediate family members, and effective income tax rate. Please read more about CFC in this special issue of KPMG Tax NewsFlash.

© 2020 KPMG Audit LLC, KPMG Tax and Advisory LLC and KPMG Valuation LLC, Kazakhstan limited liability companies, and member firms of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. KPMG Audit LLC, KPMG Tax and Advisory LLC and KPMG Valuation LLC refer to KPMG in Kazakhstan.

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