KazakhstanAccounting and Audit
Major developments
Tax legislation in the Republic of Kazakstan is constantly evolving as part of the development of a young sovereign State.
The key changes in the tax legislation are provided in the Edict of the President of the Republic of Kazakstan "Concerning Taxes and Other Obligatory Payments to the Budget" which became effective July 1, 1995, as amended with effect from 1 January , 1996.
The following information on taxes operating in the territory of the Republic of Kazakstan is based on the legislation as at 1 August, 1996.
OTHER SIGNIFICANT TAXES
Sales (Value Added) Taxes
Legal entities and individuals who act as entrepreneurs are liable for value-added tax, which is applied to taxable turnover and taxable imports. The rate of VAT for taxable turnover is 20%. VAT at 20% also applies to taxable imports, the tax base comprising the customs values plus any customs duties, tariffs, and excises payable on import. The import of goods by individuals within
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