Kazakhstan: Tax treatment of bank restructurings; VAT registration rule changes

Kazakhstan: Tax treatment of bank restructurings

The KPMG member firm in Kazakhstan has prepared a report about the following tax developments:

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  • Provisions regulating the tax treatment of simultaneous exchanges of assets and liabilities between parent and subsidiary banks (i.e., bank restructuring)
  • Changes to the value added tax (VAT) registration and de-registration procedures
  • Changes to the currency used for customs payments (previously in euros, now in tenge)
  • Changes to the business law rules for special investment contracts

 

Read a 2017 report [PDF 136 KB] prepared by the KPMG member firm in Kazakhstan

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