Blog of our mind

VAT Deregistration of taxpayers

August 3, 2015

VAT deregistration of taxpayers (legal entities) in which CEO or sole participant are foreign individuals

Sub –clause 8, clause 4, article 571, the Tax Code of the Republic of Kazakhstan (the “Tax Code”), came into force on 1 July 2015.


Employment or commercial agreement?

July 17, 2015

A company does not always need to employ personnel for carrying commercial its activity, as sometimes the nature of work requires one-time engagement for one-time works or short time servicing.

Payment for corporate stock by set-off

July 8, 2015

In the course of providing legal services, we have more than once come across the question of whether one can pay for stock of a joint-stock company (hereinafter referred to as JSC) by set-off of liabilities.

The International Financial Center “Astana”

June 22, 2015

The International Financial Center “Astana” (hereinafter – the Financial center) will be established this year and a special law regulating activity of the participants of the Financial Center will be adopted under the Decree of the President of the Republic of Kazakhstan for the purposes of modernization of national economy.

Recent changes to the subsoil use laws

June 17, 2015

The law of the Republic of Kazakhstan “On Subsoil and Subsoil Use» (hereinafter – the Law) has been significantly amended by virtue of the laws of the Republic of Kazakhstan № 269-V from 29.12.2014, № 271-V from 29.12.2014.

Loans raising from individuals

May 13, 2015

As is known, legal entities and individuals are prohibited to attract any funds from individuals as an entrepreneurial activity in the Republic of Kazakhstan, in other words to carry out entrepreneurial activity in form of loans raising from individuals, and any such transactions will be declared void from the time of signature.