Kazakhstan: Clarification of tax exemption for dividends paid to non-residents

Kazakhstan: Clarification of tax exemption

Under amendments to the tax law effective 1 January 2021, dividends paid by Kazakh companies to their foreign shareholders or participants (stake owners) may be eligible for a tax exemption, but only if corporate income tax has been paid with regard to the income.


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According to the legislative clarification, the tax exemption on dividends paid to non-residents is available only with regard to income on which corporate income tax has been paid. In practice, this provision excludes resident taxpayers from claiming dividends are exempt from tax if the taxpayer has no taxable income or has losses reflected on its corporate income tax return.

Read a January 2021 report [PDF 581 KB] prepared by the KPMG member firm in Kazakhstan

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