Kazakhstan: Tax measures clarifying taxation of nonresidents, tax-free corporate transfers, treaty benefits

Kazakhstan: Clarifying taxation of nonresidents

New law No. 382-VI includes the following measures that generally are effective 1 January 2021:

1000

Related content

  • Regarding the taxation of nonresidents, an expanded list of information that certain banks and financial institutions must provide to the tax authorities, and also allowing nonresidents to apply for mutual approval procedures
  • Introducing mechanisms to allow for tax-free transfers of assets within a group of companies
  • Restricting an automatic application of tax treaties provisions and regarding a tax exemption for income payable to related parties (for instance, to clarify that concerning payments of dividends, interest, and/or royalties, relief under a tax treaty would not apply if the dividends, interest or royalties relate to a Kazakh permanent establishment of a nonresident recipient of such payments)
  • Providing rules regarding application of the Multilateral Instrument (MLI) regarding income payable to residents of MLI signatory countries

Read a December 2020 report [PDF 223 KB] prepared by the KPMG member firm in Kazakhstan 

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal