Bankruptcy vs. Liquidation

The Law of the Republic of Kazakhstan No. 176-V "On Rehabilitation and Bankruptcy" dated 7 March 2014was amended as follows:

On 11 May 2020, the President of the Republic of Kazakhstan Kassym-Jomart Tokayev at the session of State Emergency Commission ordered the suspension of the initiation of bankruptcy...

This note discusses recent developments in Kazakhstan on the suspension of the initiation of bankruptcy proceedings.

In the course of bankruptcy proceedings, the taxpayer may incur tax obligations for the payment of corporate income tax (hereinafter - ‘CIT') and value-added tax (hereinafter – ‘VAT') when the bankrupt's assets are sold.

The previous "inability to pay its debts" test has been amended.

The International Comparative Legal Guide : Corporate Recovery & Insolvency 2016, 10th edition. A practical cross-border insight into corporate recovery and insolvency work.

Kazakhstan entered 2017 as a full-fledged member of the World Trade Organization.

The Law sets out an exhaustive list of grounds when a company director may be held secondarily liable for liabilities of the company.

Подписанный Президентом на кануне нового года закон «о банкротстве и восстановлен

The declaration of a state of emergency in the light of the COVID-19 epidemic, the following quarantine, the related restrictions, the fall in oil...

The authorised state bodies of the Republic of Kazakhstan have introduced the e-Residency program for foreign nationals and stateless persons, aimed at providing digital access to certain government and commercial...

The Astana Hub connects startups with investors. The Astana venture capital tool has been launched within the Hub. Hub Ventures, through which the most promising residents...

Kazakhstan's 2026 tax reform, initially intended to address budget deficits through measured revenue increases, has evolved into a comprehensive overhaul that significantly expands the tax and compliance burden on businesses. The reform introduces restrictions on expense deductions for payments to simplified-regime taxpayers, potentially raising effective corporate tax rates far beyond the statutory 20% rate, despite warnings from local experts about the risks of sudden tax increases.

Opening A Bank Account In Kazakhstan As A Non-Resident

Migration formalities for foreign nationals in Kazakhstan require both the host party and the foreign national to follow a sequence of formal procedures. The purpose of stay of business immigrants, the existence of a proper legal basis for residence, timely notification of arrival, and compliance with the requirements applicable to conducting business activities are of significant importance for business immigrants.

Central Asia's technological landscape is being rapidly transformed by two flagship innovation ecosystems: Astana Hub in Kazakhstan and IT Park Uzbekistan in Uzbekistan.

Kazakhstan's new Banking Law introduces a comprehensive two-tier licensing system, Islamic banking windows for traditional banks, and a sophisticated bank insolvency resolution regime that fundamentally alters creditor protections and shareholder rights.

The legal framework for renewable energy in Kazakhstan is mainly regulated by the following laws and regulations...

Following our previous article on recent developments in Kazakhstan's digital asset regulation, we present an overview of the taxation...

Foreign contractors participating in major infrastructure projects in Kazakhstan face significant tax, customs and regulatory risks that can materially reduce or eliminate profit margins if not properly addressed. This analysis examines why tax planning must begin before tender submission rather than during contract negotiations, and identifies the principal risks including permanent establishment exposure, withholding tax, VAT...