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Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

Court Practice and Tax Risks for Subsurface Users in Kazakhstan

February 2013 - Tax & Private Client. Legal Developments by Olympex Advisers.

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The tax legislation is one of the most dynamically developing areas of law in Kazakhstan. Since the beginning of its formation the taxation system has suffered numerous changes due to both the continuous process of simplification and improvement of administrative procedures, elimination of gaps and ambiguities, the need to regulate new activities, encouragement of the development of certain sectors, and the fundamental change of conditions of taxation and codification of legislation.

Kazakhstan Amends Tax Code

January 2010 - Tax & Private Client. Legal Developments by Baker & McKenzie.

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On 16 November 2009, Kazakhstan adopted certain amendments to its Tax Code (the "Tax Amendments"). Most of the Tax Amendments take effect from 1 January 2010. However, some changes are effective retroactively from 1 January 2009. The primary purpose of the Tax Amendments is to keep the current rates of the corporate income tax and the mineral extraction tax until 2012. Another objective is to simplify tax administration and clarify certain provisions of the Tax Code.

Review of the new law on subsoil and subsoil use

February 2009 - Tax & Private Client. Legal Developments by GRATA Law Firm.

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The draft law combines the principles of the Law of the RK in effect on ”Subsoil and Subsoil use” of January 27, 1996 (further the Law on Subsoil) and the Law of the RK on “Oil” of June 28, 1995 (further the Law on Oil), and involves the provisions and requirements of certain governmental resolutions and other delegated legislation.

Tightening of the subsoil user tax legislation: the main stages of development

February 2009 - Tax & Private Client. Legal Developments by GRATA Law Firm.

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At the present time, the government subsoil users tax policy is one of the most important issues for subsoil users. The export duty, discussions as to the severance tax levy and the new draft of transfer pricing demonstrate the urgency and importance of analysis of the government tax policy and the possible consequences of its implementation for subsoil users.