1. Tax Laws
On 25 December 2017, as a part of the tax system reform,
President Nursultan Nazarbaev signed the following acts:
- The Code of the Republic of
Kazakhstan No. 120-VI 'On Taxes and Other Mandatory Payments to
the Budget (the Tax Code)';
- The Law of the Republic of Kazakhstan
No. 121-VI 'On the Enactment of the Tax Code' ('the Law
on the Enactment of the Tax Code'), which introduces the new
Tax Code; and
- The Law of the Republic of Kazakhstan
No. 122-VI 'On Amendments to Certain Legislative Acts of the
Republic of Kazakhstan on Taxation' ('the Law on Amendments
to Other Acts'), which impacts 40 legislative acts related to
taxation.
The Tax Code
The new Tax Code has been elaborated in order to eliminate
inefficient tax benefits, optimize tax regimes, bring fiscal policy
in line with the new economic realis, encourage businesses to come
out of the closets, expand the tax base in the commodity sector,
and improve VAT management.
