Important Changes in Tax Law

Source: State Revenue Committee (SRC) of the Ministry of Finance of the Republic of Kazakhstan

24.12.2024

The schedule of tax audits for H1 2025 has been published

The SRC has published a schedule of periodic tax audits for H1 2025. They will be conducted based on the assessment of risks associated with the collection of taxes and other mandatory payments to the budget, as well as the completeness and timeliness of the transfer of social payments.

The information is posted on the official website of the SRC to help taxpayers prepare for potential audits and avoid non-compliance penalties.

The schedule and details are on the SRC website at the link: https://www.gov.kz/memleket/entities/minfin/documents/details/769226?lang=ru

Source: IS Paragraph

31.12.2024

New list of international business transactions to be monitored

Pursuant to cl. 2 art. 6 of the Law of the Republic of Kazakhstan ‘On Transfer Pricing’ international business transactions are subject to transaction monitoring.

At the same time, monitoring reports shall be submitted on cross-border business transactions according to the list approved by the authorised body.

Based on the results of monitoring, in case the transaction price deviates from the market price, the authorised bodies shall carry out an appropriate checking.

The new List of International Business Transactions to be reported on was approved by the Order of the Minister of Finance of the RK No. 866 dd. 24.12.2024 and came into force on 10.01.2025.

https://online.zakon.kz/Document/?doc_id=39265896&pos=54;-51#pos=54;-51

Source: IS Paragraph

05.12.2024

Minimum wages, monthly calculation index (MCI) and other estimate indicators for 2025 have been approved

On 4 December 2024, the President of the RK signed Law No. 141-VІІ ‘On the Republican Budget for 2025 - 2027’, according to which from 01.01.2025 are established:

1) minimum wages – KZT 85,000
2) MCI – KZT 3,932
3) minimum amount of the state basic pension payment – KZT 32,360
4) minimum amount of pension – KZT – 62,771
5) minimum subsistence level for calculating the amount of basic social payments – KZT – 46,228.

The Law stipulates that the funds allocated to retirement and long-service pensions are increased by 8.5% from 1 January 2025.

Also, from 1 January 2025, the amount of the state's contributions to the Compulsory Social Health Insurance set at 2% of the state's assessment object.

As a reminder, for 2024 the following amounts of the minimum calculation indicators were established:

1) minimum wages – KZT 85,000
2) MCI – KZT 3,692
3) minimum amount of the state basic pension payment – KZT 28,215
4) minimum amount of pension – KZT 57,853
5) minimum subsistence level for calculating the amount of basic social payments – KZT 43,407

Source: The Tax Code of the Republic of Kazakhstan

01.01.2025

Deduction for CIT purposes for R&D work and for the establishment of scientific centres

From 1 January 2025, amendments to Article 254 of the Tax Code of the Republic of Kazakhstan relating to deductions for expenses for R&D, scientific, technical work, and also for the acquisition of exclusive rights to intellectual property objects and the establishment of scientific centres came into force.

Now, expenses for the establishment of scientific centres may be deductible subject to notifications from the authorised body in the field of science in accordance with the legislation on science and technology policy of Kazakhstan.

In order for expenditure on R&D work to be deductible, the technical specifications and acts of acceptance of the completed stages of work must be submitted.

Source: The Tax Code of the Republic of Kazakhstan

01.01.2025

Social tax in Kazakhstan: rate increase from 1 January 2025

On 1 January 2025, changes to Article 485 of the Tax Code relating to the social tax rate came into effect in Kazakhstan.

Under the new rules, the social tax rate will increase from 9.5% to 11%. The change takes effect from the beginning of 2025, which means that the rate will be increased by 1.5% for all payers of this tax