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KPMG Tax NewsFlash

Dear Readers!

In this issue, we offer you an overview of the recent legislative changes to Kazakhstan transfer pricing legislation stemmed from the Base Erosion and Profit Shifting (BEPS) Action Plan of the Organization for Economic Cooperation and Development (OECD).

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KPMG in Kazakhstan holds business breakfast on activity based costing

KPMG in Kazakhstan and Central Asia continues to introduce the local business community to the most topical trends via holding business events.

On 7 February, the first business breakfast in 2018 was held at KPMG in Almaty for heads of planning and tariff management units by Management Consulting Associate Director Timur Akhmetov and Senior Consultant Valeriy Popov. Our colleagues spoke on the application of cost allocation and calculation tools in the companies with activity based management. They discussed recent trends in this area, implementation issues, frequent errors and their prevention, and described typical steps of introducing activity based costing in the companies.

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GRATA International's January Newsletter

For more information please follow the link

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Haileybury Almaty Winter Festival

Last term ended with our largest event of the year - the Winter Festival, which was a great success. This year 2200 people visited the Winter Festival compared to last year’s 1000.

We managed to raise 1 751 300 tenge for local and international charity and social projects. This was made possible thanks to generous donations from our sponsors, sale of raffle tickets, sales of food and from stalls, arranged by our pupils and teachers. 
This year we had three times more sponsors (6 compared to 2 last year) and prizes donated for the raffle. 60 lucky winners of the raffle went home with valuable prizes.

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KPMG in Kazakhstan and Central Asia holds press breakfast on major changes to the new Tax Code of the Republic of Kazakhstan

On 17 January, Almaty was the venue for the first press breakfast by KPMG in Kazakhstan and Central Asia for local business mass media. The meeting was conducted by Tax & Legal Partner Rustem Sadykov, and was dedicated to the main provisions of the new Tax Code which came into force in Kazakhstan early this year.

“Our main goal is to introduce KPMG vision of Tax Code’s key points and the relevant future law compliance practice to journalists and editors-in-chief,” commented Rustem. The press breakfast dwelled on the following:

  1. New Tax Code’s focus on motivating taxpayers for good practice and stimulating it, including the upcoming introduction of horizontal monitoring
  2. The continuing focus on transferring tax burden to the extractive industries
  3. New taxation rules for controlled foreign companies
  4. Introduction of horizontal monitoring
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