Legislation
Kazakhstan’s new dividend taxation policy
Nazira Nurbayeva, Partner, Deloitte Tax and Legal Department
Andrey Zakharchuk, Partner, Deloitte Tax and Legal Department
Karina Kalimzhanova, Manager, Deloitte Tax and Legal Department
The Tax Code has been amended from 1 January 2021 to significantly change how dividends paid by Kazakhstan companies to foreign investors are taxed and to make it more difficult to fully exempt profit distributions from tax in Kazakhstan.
Generally, dividend payments to foreign shareholders are taxed at source of payment at 15% (or 20% if the shareholder is registered in a low-tax country). International treaties can be applied to reduce the standard rate (15%).