Tax guidelines in respect of debt on customs duties are approved in Kazakhstan
Guidelines for Realization of Limited in Disposal Assets of a Taxpayer (Tax Agent) in respect of Tax Debt, and Those of a Payer in respect of Debt on Customs Duties are approved by Resolution No. 618 of the Government of the Republic of Kazakhstan of 02 June 2011.
Pursuant to the new guidelines, assets of taxpayers (tax agents) limited in disposal by tax authorities in respect of tax dept, as well as assets of payers limited in disposal by customs authorities in respect of debt on customs duties shall be transferred to “Rehabilitation and Assets Management Company” Joint Stock Company for further realization by way of an electronic auction.
Such property shall be transferred for further realization pursuant to a resolution of tax or customs authorities on charging limited in disposal assets of a debtor, resolution of tax or customs authorities on limitation on disposal of assets and an inventory list of assets.
A standard form of a certificate on registration of a non-resident as a taxpayer is approved by Order No. 232 of the Minister of Finance of the Republic of Kazakhstan of 28 April 2011.
From 1 January 2012, Article 562.10 of the Code of the Republic of Kazakhstan On Taxes and Other Obligatory Payments to Budget will come into force. Under this legal provision, tax authorities will register non-residents as taxpayers and issue, upon such registration, a registration certificate according to the standard form approved by the authorized state body.
Such standard form of a certificate on registration of a non- resident as a taxpayer in the Republic of Kazakhstan is approved by the Order.
FOREIGN ECONOMIC ACTIVITY
Guidelines for Compensation of Part of Expenditures of Exporters Related to Marketing of Domestic Processed Goods in Foreign Markets are approved by Resolution No. 679 of the Government of the Republic of Kazakhstan of 20 June 2011.
The guidelines define a list of domestic processed goods, and terms and conditions of compensation of a part of expenditures of legal entities of the Republic of Kazakhstan which market domestic processed goods abroad.
The guidelines approve a list of expenditures subject to partial compensation, including expenditures for marketing (branding) and promotion of particular products in foreign markets, expenditures related to trademark registration and certification of products for the purpose of exporting, attracting a franchise, expenditures for market research services.
In order to receive compensation, an exporter should file an application specifying expenditures, a contract number under which expenditures were incurred, date of acceptance of services/works from suppliers and amount of expenditures excluded VAT. The application must be accompanied with a set of documents and materials as prescribed by the Guidelines.
Guidelines for Determination of Historical Costs and Value of Geological Information are approved by Resolution No. 120 of the Government of the Republic of Kazakhstan of 10 February 2011.
Guidelines for Determination of Historical Costs and Value of Geological Information approved by Resolution No. 351 of the Government of the Republic of Kazakhstan of 16 April 2008 have become invalid.
The new guidelines are developed in compliance with the Law of the Republic of Kazakhstan On Subsoil and Subsoil Use. The guidelines provide for a general definition and procedure for calculation of historical costs and the value of geological information on subsoil.
Total past expenses for geological study of a contract area and fields exploration, incurred by the state, geological information of which was transferred to the state ownership, are recognized as historical costs.
The value of geological information owned by the state is defined as a part of historical costs.
The amount of historical costs and the value of geological information on subsoil shall be determined by the authorized body for study and use of subsoil.