Amendments were made to the model contracts for exploration and production of mineral resources
The Ministry of Energy of the Republic of Kazakhstan made amendments to the model contracts? Which come into force from April 7, 2024:Read more
The list of offshore zones for the purposes of banking and insurance activities and organizations engaged in microfinance activities has changed
Resolution of the Board of the Agency of the Republic of Kazakhstan on Regulation and Development of Financial Market of March 29, 2024 № 18 made changes to the resolution of the Board of the Agency of the Republic of Kazakhstan on Regulation and Development of Financial Market of February 24, 2020 № 8 Read more
The duty-free import threshold has returned to its previous level from April 1, 2024
Decision No. 94 of the EEC Council of September 27, 2023 on the increased threshold of duty-free importation of goods for personal use expired and from April 1, 2024 the duty-free threshold returned to its previous level:
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Rules for determining and publishing the value of digital assets and the list of their types have been approved
To determine the value of digital assets, the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan (SRC MF RK) uses information posted on the CoinMarketCup Internet resource.Read more
Digital labeling of motor oils
Launch of the pilot project on digital labeling of motor oils was carried out by the order of the Minister of Energy of the Republic of Kazakhstan on February 1, 2024
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From July 1, 2024 mandatory labeling is introduced for medicines and jewelry
Imported into the Republic of Kazakhstan and (or) produced on the territory of the Republic of Kazakhstan, packaged in the form of dosage forms (including medicines in the form of transdermal systems) or in forms or packages for retail sale, except for medicines and vaccines used in veterinary medicine, are subject to mandatory labeling.Read more
Buying and selling cryptocurrency on the territory of Kazakhstan is allowed on the digital asset exchanges of the Astana International Financial Centre
Based on the results of a pilot project that operated on the AIFC site with the participation of several crypto exchanges and second-tier banks, crypto exchanges and digital asset service providers are allowed to operate on the AIFC site from 2024.
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The list of imported goods subject to the VAT credit method has been amended
The List of imported goods for which VAT is paid by the offset method includes goods, the production of which does not exist in the territory of the Republic of Kazakhstan,Read more
As of March 15, the list of goods for which the issuance of electronic invoices through the "Virtual Warehouse" module of the IS ESF has been expanded
The list includes a number of petroleum products, petroleum coke, petroleum bitumen and other residues from the processing of crude oil or petroleum products, cyclic alcohols and their halogenated, sulfated, nitrated or nitrosated derivatives, bituminous mixtures based on natural asphalt, natural bitumen, petroleum bitumen, mineral resins or mineral resin pitch.
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From March 1, 2024 to March 1, 2025 will establish a special procedure for making changes to the Tax Code
Laws of the Republic of Kazakhstan amending the Tax Code in terms of establishing a new tax and (or) payment to the budget, increasing the rate, changing the object of taxation and (or) tax base, increasing the categories of taxpayers (tax agents), abolishing or reducing the deduction or benefit for payment of taxes and payments to the budget, may be adopted no later than July 1 of the current year and put into effect no earlier than January 1 of the year following the year of their adoption.
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