Case: Refusal of VAT refund to exporters
Situation A Kazakhstani oil extraction company exported crude oil and accumulated VAT amount which must be refunded according to the Tax Code of the RK. The company filed an application to the tax authority for VAT refund on turnovers that…
CRE Breakfast, Almaty 2015
BUSINESS INSIGHT On January 30, 2015 it was a CRE Breakfast (Commerical Real Estate Association) business meeting of the real estate market participants in Almaty. Synergy Partners Law Firm has participated in the event and offers a summary of the discussions…
Article: Liability for Environmental Damage
Alzhan Stamkulov Published in Investor’s Voice, April 2014 Liability for Environmental Damage Everyone remembers oil disasters like the Exxon Valdez oil spill near the Alaska coastline and the Deep Horizon oil spill in the Gulf of Mexico. These cases caused billions…
Article: Tax Refund in Kazakhstan for Non-residents
Daniyar Kairbekov Published in Investor’s Voice, April 2014 Tax Refund in Kazakhstan for Non-residents Kazakh companies often buy goods and services from foreign suppliers. These transactions are subject to withholding tax in Kazakhstan (WHT). A Kazakh company should, as a tax…
Case: Auditor
Situation A company received a notice about the scheduled state tax audit. Company’s management was confident that they have fully complied with the relevant legislation. Besides, the management was busy with daily activities and there was no available staff to…
Case: Wrong code of commodity nomenclature entailed additional charge by customs duty
Situation A foreign company branch in Kazakhstan had stocked rubber gloves for further sale in Kazakhstan. The company branch went through the customs clearance of the imported goods and paid customs duties and taxes. However, after three months a further…
Case: The customs value and license payments
Situation A Kazakhstani company imported goods to Kazakhstan. The scheme of delivery included two license agreements: the trademark license agreement, owned by a German company ("license agreement №1»); and the license agreement for the sale of goods ("license agreement №2»),…
Case: Flaws and defects in tax residence certificate
Situation A Kazakhstani engineering company had taken seismic measurements of a field in Canada. Canadian company was attracted for data decrypting. The work was done outside of Kazakhstan and did not need permanent establishment in Kazakhstan. Company’s finance department knew…
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…