Share with your friends

Kazakhstan: Summary of corporate tax law amendments for 2018 returns

Kazakhstan: Corporate tax law amendments for 2018

Changes to the corporate tax law in Kazakhstan that need to be considered for returns filed for 2018 include measures concerning:


Related content

  • Taxable income of controlled foreign companies or permanent establishments (that is, consolidated profits)
  • The date of recognition of sales proceeds
  • Write-off of liabilities when a creditor ceases to exist
  • Recognition of income from doubtful liabilities
  • Changes to categories of non-taxable income such as property a shareholder receives upon distribution of company property, a stock buy-back, or in liquidation
  • New deductions for certain types of expenses including those relating to a loss of goods or to damaged goods
  • Revisions to the rules for business travel eligible for deduction
  • Measures concerning the taxation of fixed assets and the tax treatment of financial organizations
  • Net operating loss (NOL) carryforward period of 10 years

Read an April 2019 report [PDF 1.28 MB] prepared by the KPMG member firm in Kazakhstan

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in 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

Stay up to date with what matters to you

Gain access to personalized content based on your interests by signing up today

Sign up today