We are happy to share basic information on Kazakhstan tax system and rates according to Kazakhstan tax code.
Rates:
Corporate income tax – 20%;
Personal income tax – 10%;
VAT – 12%;
Withholding tax on dividends – 15% (20% for tax heavens);
Withholding tax on interest and royalty – 15% (20% for tax heavens);
Branch remittance tax – 15% on net profit (after corporate income tax);
Social tax – 9,5% (payable by an employer);
Social security – 3,5% (payable by an employer);
Pension contribution – 10%;
Medical insurance contribution – a Kazakh employer pays 2% of a Kazakh citizens’ gross salary and an employee pays 2% on its side.
Tax compliance
Fiscal period – 1st January – 31st December of calendar year;
Participation exemption and holding regime – not applicable;
Transfer pricing/arm’s length rule – applicable;
Thin capitalisation rule – applicable;
Controlled foreign entity – applicable;
Capital gain tax – applicable;
Tax treaties – more than 50 countries.