Certain issues related to deferred VAT

Kairat Uazhanov, Manager of MinTax LLP Tax Department, in his article informs about certain aspects of deferred VAT accounting. Today, for most companies registered for VAT, the correct and timely accounting for deferred VAT is an issue of big importance. The term “Deferred VAT” is not used in the tax legislation and is a consequence read… Read More

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New Draft Environmental Code to be considered in the Parliament of the RoK

According to BNews.kz., at the session of Work Group on Improvement of Environmental Legislation of Kazakhstan, Nikolay Radostovets, the Chairman of the Mining and Metallurgic Industry Committee of the Panel of the National Entrepreneurs Chamber of Kazakhstan informed that new draft environmental code shall be introduced for consideration by the Parliament.

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ARNM has reduced income of monopolists by more than 3 times in 2013

ASTANA, 3 February – Иnovosty –Kazakhstan NA.  Income of monopolists were reduced by the Agency for Regulation of Natural Monopolies of Kazakhstan by 175 billion tenge in 2013. It is more than three times as compared with 2012, Murat Ospanov, the head of the department said on Tuesday. “Tariffs are strictly approved in accordance with the… Read More

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Laws which are entered into force on 1 January 2014

Source: Kapital.kz Business Portal lists the approved laws, which are entered into force on 1 January 2014. The head of state in December 2012 ordered the government to submit to the Parliament of Kazakhstan a project of four new codes: criminal – procedural, criminal, criminal – executive and the Code of Administrative Offences. N. Nazarbayev… Read More

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A bill suspending the number of permits in Kazakhstan has been prepared- Zhamishev

Only if introduced to this law, a new permit or notification may come to existence. Source: Novosti-Kazakhstan IA The bill assuming the conservation of the number of permissive and notification documentation in Kazakhstan is at the final stage of negotiation with government agencies, the Minister of Regional Development, Mr. Bolat Zhamishev said on Thursday, as… Read More

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23 June has been declared as the day of the public officer in Kazakhstan

ASTANA, 23 December Novosty-Kazakhstan IA. Kazakhstan President, Nursultan Nazarbayev has made additions, according to which 23 June was declared the Day of the public officer, as informed by the official website of Akorda www.akorda.kz. “I hereby order to amend the decree of 20 January 1998 No. 3827 “On professional and other holidays in the Republic of Kazakhstan”… Read More

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Petrol production in Kazakhstan has reduced by 5,9%

We could observe such a trend in January-November this year. Source: Kapital.kz Business Portal.  In Kazakhstan, in January-November 2013, 2,453 million ton of motor fuel (petrol, including aviation petrol), that is 5,9% less than in the similar period of 2012. This information was provided by the Agency for statistics.  Besides, according to the Agency for statistics, 4,658… Read More

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Home Credit Bank has become more accessible in all regions of Kazakhstan

SB Bank Home Credit has announced the grand opening of branches in 9 major cities of Kazkahstan: Aktobe, Semey, Kostanay, Taldukorgan, Karaganda, Zheskazgan, Taraz, Kyzylorda. Source: http://kazpravda.kz. – Home Credit Bank – solid, rapidly growing retail bank opens branches in all regions of the country to be closer to each customer and provide local citizens the opportunity… Read More

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The senate committee has considered amendments to the law on social welfare

The purpose of the bill is to improve the legislative base of the RK in the area of pension welfare and obligatory pension charges.   Source: ИА ZAKON.KZ The RoK Bill “On amendments to certain legislative acts of the RoK on matters concerning social welfare was considered by the Senate of the RoK Parliament”. The bill

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Management of Aktau port can be transferred to the foreign company

Astana. 2 December. http://www.kt.kz – the management of Kazakhstan Aktau seaport where the project on extensions is implemented may be transferred to a foreign company, as informed by Kazakhstan Today. “The interest to take control of the seaport Aktau is shown by a Spanish company. Currently the delegation of Spain, whose members study all aspects, is in Kazakhstan.… Read More

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In SME the number of firms carrying activities reduces

Reduction comprises 4 000 items, as reported by the correspondent of Kapital.kz Business Portal. The working companies have been reducing in number since May. For the last five months the number of active working units has been reduced by 4 000, as it was calculated by Ranking.kz. According to the October results, the number of operating companies is… Read More

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Disproportion between domestic personnel and foreign personnel is considered

In Majilis the presentation of the bill “On professional associations” was performed: Source: ИА ZAKON.KZ  – Currently, the issue on disproportion between domestic and foreign personnel  or on disproportion inside  the same branch of several enterprises concerning  salary payment is risen, the minister of labour and social protection, Tamara Duysenova said at the presentation of the… Read More

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There is no danger of the credit bubble in Kazakhstan

This opinion was expressed by bankers and experts. At present, no consumer credit is concern, but the growth of issue of unsecured loans. This was reported to a correspondent in an interview with experts of Kapital.kz Business Portal.  In particular, the Kazakhstani financiers see nothing inappropriate that in the country the volume of consumer loans… Read More

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Korea has transferred the right to hold the global forum of e-government in 2014 in the RoK.

Astana. October 23. – Korea has transferred the right to host a global forum of e-government in 2014, as Kazakhstan Today news agency reports. The Ministry of Transport and Communications and the Ministry of Security and Public Administration of the Republic of Korea at the Global Forum of e-government – 2013 agreed to strengthen cooperation… Read More

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Kazakhstan people will be offered taking a mortgage again

The resumption of the issuance of mortgage loans by banks will be discussed at the Council on economic policy. The issue concerning the mortgage on housing and construction market in Kazakhstan will be discussed in the government. Prime Minister, Serik Akhmetov instructed to connect “Baiterek” holding to this work, the correspondent of Business portal Kapital.kz informs.… Read More

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The Senate has considered the bill on the reconstruction of the Western Europe – Western China road

Astana. 11 October.  The committee of the Senate has considered a bill on the reconstruction of the Western Europe – Western China road, according to information presented by Kazakhstan Today Information Agency. “At a meeting of the Committee on Economic Development and Entrepreneurship of the Senate of the Parliament of the Republic of Kazakhstan one… Read More

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Tax Audit. Which way one may reduce the risks?

As is known, in accordance with the existing order, the authorities are required to publish a plan for tax audits for the coming year. In particular, the Tax Committee of the Ministry of Finance has developed and officially published the Plan of complex tax audit for the first half of 2012.It is known that there… Read More

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