Taxation in Kazakhstan

The primary legislative act regulating taxation in the Republic of Kazakhstan is the Law of the President of the Republic of Kazakhstan (previously Edict No. 2235) "Concerning Taxes and Other Payments to the Budget," also known as the "Tax Code." The Tax Code was introduced on the 24th of April 1995 with effect from the 1st of July 1995. Since enactment, the Tax Code has been repeatedly amended, the most recent of which was dated 5 July 2000 and with …

…incurred from operations under subsurface use contracts may be carried forward for up to 7 years. Ring fencing Ring fencing provisions apply to prevent multiple contract areas from being combined for the purposes of applying the tax regime under a subsurface use contract. Stability of Tax Regime Kazakhstan legislation permits tax regimes to be stabilized under those contracts with the government that were subjected to expert tax inspection by appropriate government departments. Stability of Tax Regime