The State Revenue Committee said that based on the results of tax control measures as part of countering the outflow of capital from the country, taxes in the amount of 17.7 billion tenge, reports Liter.kz.
Thus, based on the results of the analysis of information received from the National Bank of the Republic of Kazakhstan on international taxation, additional taxes were accrued in the amount 14.7 billion tenge.
Within the framework of the Multilateral Agreement of Competent Authorities on the Automatic Exchange of Information on Financial Accounts (Common Reporting Standard)with 578 individuals recovered from the budget three billion tenge, – reported the press service of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan.
Representatives of the department noted that in order to strengthen measures to counter the outflow of capital from the country, the State Revenue Committee is carrying out relevant work within the framework of international cooperation. Thus, Kazakhstan is a participant in BEPS – a joint project of the OECD and G20 – Action Plan for the Implementation of Global Tax Rules to counteract erosion of the tax baseand withdrawal of profits from taxation.
In 2020, Kazakhstan ratified Multilateral Convention, where the main goal is to ensure taxation of profits in the state where business activities are actually carried out; preventing the artificial transfer of profits to low-tax jurisdictions for the purpose of tax evasion.
Also, in addition to the provisions on information exchange in existing 55 tax treatiesKazakhstan ratified Convention on Mutual Administrative Assistance in Tax Matters (Strasbourg Convention).
In 2023, an agreement was signed with the US government on improving international tax discipline (FATCA) for the exchange of data on financial accounts of Kazakhstan residents in terms of account balances, interest amounts, dividends paid starting in 2014.
At the same time, as part of the work to counter the withdrawal of capital, amendments were made to the Tax Code regarding the abolition of benefits on dividends, restrictions were introduced on deductions for intangible services provided by related non-resident persons (no more than 3%), individuals were recognized as tax agents paying income to non-residents , and other changes.
Amendments to the transfer legislation have also been adopted, where methods for determining the market price have been improved, mechanisms for determining the market range have been introduced, the definition of the interconnectedness of the parties has been expanded, and control over transactions made on Kazakhstan commodity exchanges has been returned, the State Revenue Committee said.
It is also known that the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan with January 1, 2024 endowed with a function exchange control.
Earlier it was reported that asset thieves would voluntarily return another 40 billion tenge to the state.
