On 24 August 2018, MinTax Group represented by Partners: Mukhtar Bekzhigitov and Gaukhar Narbekova, within the framework of long-term cooperation 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.
Name of “MinTax” used in this proposal, depending on the context, can refer to MinTax LLP or MinTax Audit LLP and to its structural subdivisions as well. MinTax LLP and MinTax Audit LLP are included into MinTax Group acting on the basis of the Partnership Agreement, and are considered to be separate and independent legal entities founded under the Republic of Kazakhstan legislation, and they are responsible for all rights and obligations only on their behalf. The Companies which are included in MinTax Group are not responsible for any actions or omissions of each other
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