When purchasing an interest in a company, a buyer is advised to ensure that the tax authority will not charge additional taxes in the future or impose fines for earlier periods.
In operating a business, it is also essential to understand any tax vulnerabilities before the regular on-site tax audits are performed by the tax authority.
For this purpose, a tax audit or tax due-diligence review should be conducted. In practice, these two services are very similar. A tax audit is a comprehensive and in-depth examination of a company’s documentation, bookkeeping, and tax registers in order to identify potential tax risks. A tax due diligence review is a quick analysis of the basic aspects of company’s activities for the purpose of identifying tax risks. Due diligence reviews are often conducted before a buyer concludes an agreement to purchase shares or stakes in a company.
Why You Should Choose Us
- When we identify a tax risk, we not only report it to you, we also provide advice for mitigating or eliminating this risk;
- Our extensive experience allows us to conduct a tax audit or due diligence review quickly (usually within 4 to 14 days, depending on the size of company).
|Assel Ilyasova||Partner, Head of Tax Law Department||Almaty||Inquire|
|Eldar Ziatdinov||Director of Tax Law Department, GRATA International (Moscow)||Moscow||Inquire|
|Nurbol Kissembayev||Partner, Branch Director||Aktau||Inquire|
|Nodir Yuldashev||Partner, Construction, Telecommunications, Transport, Tax and Litigation||Tashkent||Inquire|
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Kaisar Yegizbayev is a lawyer at the Tax law department of GRATA International. He gave a guest lecture to Caspian University students on the 'BEPS. OECD actions against aggressive tax planning'.
State revenue committee of the Ministry of Finance of the Republic of Kazakhstan (hereinafter – the ‘SRC’) clarified...
ICLG (International Comparative Legal Guide) to: Corporate Tax 2016, 12 edition Author: Assel Ilyassova
Arctic Group International LLP recommends GRATA Law firm LLP as a reliable and responsible legal advisor
JTI Kazakhstan LLP recommends GRATA Law firm as a tax adviser
The roundtable "On de-criminalization of tax violations based on the practice of the tax jurisdictions of OECD member-states" was held on June 5, 2015.
On 24 April 2015, in Almaty there has been a workshop titled: 'Kazakhstan - Russia: legal aspects of doing business' held by GRATA Law Firm.
Grata Law Firm is ‘held in high regard’ by foreign clients and international law firms, and its large, full-service team.
In 2014, 17 laws were adopted to amend the Code of Kazakhstan 'On Taxes and Other Obligatory Payments to the Budget' (Tax Code). Most of the amendments become effective from 1 January 2015. GRATA Law Firm hereby provides for the brief review of main amendments. For your convenience, amendments introduced to the Tax Code are given in a special table. We value your time and hope that the information provided will be useful for you.
A new Code of the Republic of Kazakhstan 'On Administrative Violations', dated 5 July 2014 and a new Criminal Code of the Republic of Kazakhstan, dated 3 July 2014 entered into force on 1 January 2015.
In this article, we will review the main concepts of taxation relating to the types of legal entities in Kazakhstan.
In a society where the ownership of the subsoil belongs to the State, the latter must play at least a dual role.
It can be said that the VAT refund procedure is complicated and time-consuming as it requires numerous documents to be confirmed and involves a tax audit of the taxpayer and its suppliers.
The performance of operations under subsoil use contracts is currently strictly supervised by the State, in particular the issues concerning the completeness and timeliness of the performance by mining companies of their tax obligations.
One of the brightest examples of tax policy changes relating to Kazakhstan subsoil users is a situation with the excess profit tax (EPT) calculation.
The Law of the Republic of Kazakhstan ‘On Transfer Pricing’ (hereinafter – the ‘Law’) contains references to the regulatory legal acts
Hereby we would like to provide brief comments to amendments to the Law ‘On Transfer Pricing’, as well as the description of difficulties that may be faced in the course of applying the amendments.
This method has been based on available methodological base for the control of transfer pricing and is designed to calculate and minimise the risks associated with transfer pricing.
The Kazakhstan Tax authorities inspect the matters of transfer pricing.
Lately, obtaining a refund of value added tax (VAT) incurred in connection with the export of goods has been a pressing issue.
On 26 December 2012 the President of the Republic of Kazakhstan signed the Law On Amendments to Some Legislative Acts of the Republic of Kazakhstan on Taxation.
On 27 February 2013 the Supreme Court introduced the Regulatory Resolution 'On the Judicial Practice of Application of the Tax Law' (hereinafter - the 'Resolution').
During the 27th session of the Foreign Investors’ Council held on 12 June 2014, the President of Kazakhstan Mr. Nursultan Nazarbayev announced the establishment of a unilateral visa-free regime for citizens of 10 countries.
The Republic of Kazakhstan possesses significant reserves of oil and gas, which means the oil and gas industry holds the leading position in the structure of the national economy. Therefore the tax system in this sector needs to provide stability, transparency and progressivity,, take into account the general global situation and encourage investment.
Kazakhstan ratified the Double Taxation Treaties signed with the United Arab Emirates and the Grand Duchy of Luxembourg
On March 31 the first meeting of the Working Group on the Improvement of Subsoil-User Taxation was held at the House of Ministries in Astana. The meeting was organized by the Taxpayers Association of Kazakhstan (APK ).
The seminar explored the various issues in depth and focused on problems that customers often encounter in practice.
Astana Tax Working Group of the American Chamber of Commerce in Kazakhstan (AmCham) held its meeting on February 17, 2014.
The event was attended by officials from the Tax Committee of the Ministry of Finance of the Republic of Kazakhstan, including Deputy Chairman Argyn Kipchakov, Head of Large Taxpayers Department Daniyar Zhanalinov and Head of VAT Administration Department Nurlan Rakhimgaliev, as well as senior experts of several TC departments.
On 6-7 November 2014 the IX Kazakh Forum of Corporate Lawyers was held in Almaty.
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