Case: Tax audit for minimizing fiscal risks
Situation A Kazakhstani production company concluded about 40 contracts with foreign companies from 2008 to 2010. Company also paid a portion of wages to foreign workers. It received a notice about the planned tax inspection. Company’s finance department was sure…
Case: Tax for non-resident, withheld at a payment source, can be refunded
Situation A Kazakhstani company attracted Russian company that provides services for logging operations. The contract was concluded for 10 months. Such period is not enough to form permanent establishment in Kazakhstan. Company applied 20% withholding tax and paid the tax…
Case: The five-year term of limitation extended for one more year in view of additional reporting
Situation The Company received a tax authorities’ notice to eliminate violations, which required excluding the deductions amount from the amount of expenses during 2005. The company complied with the requirement, however, in an additional edema specified the type of declaration…
Case: Additional VAT charge on imported goods
Situation A company imported electric networks equipment (code of TN VED 8535) into Kazakhstan. Relying on Article 25 the old Tax Code (this Article is valid until 2017), it paid VAT using the offset method. Next year the company sold…