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ARTICLE · 04 APRIL 1997

Computation Of Taxable Income In Kazakstan

Pricewaterhouse Coopers
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KazakhstanLitigation, Mediation & Arbitration
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.

COMPUTATION OF TAXABLE INCOME

Depreciation and Depletion

Five major pools of fixed assets are subject to depreciation on a reducing balance basis. The following table provides the maximum rates of selected assets. Lower rates may be used.

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