On 24 August 2018, MinTax Group represented by Partners: Mukhtar Bekzhigitov and Gaukhar Narbekova, within the framework of long-termcooperation with Kazakhstan Taxpayers’ Association in Expert status, has conducted a workshop dedicated to the subject “Tax accounting for Corporate Income Tax (CIT) or how to calculate CIT”.
The lecturers covered the basic principles of the maintenance of tax accounting for CIT, including the norms provided for by the current Tax Code, which regulate tax accounting for revenue recognition, taking into account changes caused by the enactment of IFRS 15 from year 2018.
The issues considered at the seminar included tax accounting for deductible expenses, main changes in respect of CIT which were introduced from 1 January 2018 by the new Tax Code.
The workshop was attended by employees of accounting and tax departments of fifteen companies, including representatives of major subsurface user companies, manufacturing companies, banks, etc.
During the workshop, participants asked the lecturers questions related to accounting and tax accounting for revenues, interests, fixed assets, accounting for the costs of the permanent establishment, and other issues arising in the course of accounts maintenance, based on the industry specifics. The lecturers considered tax accounting issues which were in the focus of the audience’s attention.
After the seminar, the presentation materials in digital format were sent to all attendees to their electronic mail addresses.