Directory of the Companies

Legislation

Anti-Corruption Compliancein Charitable Activities

#6 (138), December 2022 Anti-Corruption Compliancein Charitable Activities

As the culture of corporate and social responsibility becomes more common, many local companies have started paying special attention to charity and allocating considerable funds to provide charitable assistance each year.

Review of the Upcoming Changes in Kazakhstan Tax Code: Cancellation of Dividend Tax Exemption and Limitations on Deductions for Related Non-Resident Supplier

#5 (137), November 2022 Review of the Upcoming Changes in Kazakhstan Tax Code:  Cancellation of Dividend Tax Exemption and Limitations on Deductions for Related Non-Resident Supplier

Review of the upcoming changes in Kazakhstan Tax Code: cancellation of dividend tax exemption and limitations on deductions for related non-resident supplier

Separate Issues of Transition to Low-Carbon Economy: View of a Petroleum Lawyer

#5 (137), November 2022 Separate Issues of Transition to Low-Carbon Economy: View of a Petroleum Lawyer

Climate changes present an extraordinary global issue beyond national borders. This issue requires adoption of coordinated decisions at all levels and carrying out global cooperation to help countries’ transition to low-carbon economy.

New Environmental Code: Forewarned Is Forearmed

#2 (128), April 2021 New Environmental Code: Forewarned Is Forearmed
As part of the President Nazarbayev's 2018 Address implementation, authorized governmental agencies were assigned to develop a new Environmental Code. The work began in June 2018 and was completed in November 2020. 

State Accounting of Employment Agreements: Practical Tips for Employers to Work with the Unified Employment Agreements Accounting System

#6 (126), December 2020 State Accounting of Employment Agreements: Practical Tips for Employers to Work with the Unified Employment Agreements Accounting System

Continued.  Please see beginning in article: Yemelyanova, L. A. Unified Employment Agreements Accounting System and Other Important Changes in Labor Legislation.  Petroleum, No. 4, 2020.

Reformation of the gas market in Kazakhstan: major problems and legal aspects

#5 (125), October 2020 Reformation of the gas market in Kazakhstan: major problems and legal aspects

This article examines the key problems domestic gas market in Kazakhstan faces right now and analyses, among other issues, current and future gas market designs as well as third-party access (TPA), unbundling, gas pricing and pipeline tariff setting regulation.

Unified Employment Agreements Accounting System and other Important Changes in Labor Legislation

#4 (124), September 2020 Unified Employment Agreements Accounting System and other Important Changes in Labor Legislation
This article is an overview of important digitalization novels of May 2020: the labor legislation of the Republic of Kazakhstan was added employers' obligation to enter information into the Unified Employment Agreements Accounting System (the "UEAAS") and right to conclude employment agreements and issue employer's acts in electronic form.

What You Should Know When Purchasing an Oil&Gas or Mining Company

#1 (121), February 2020 What You Should Know When Purchasing an Oil&Gas or Mining Company

The sale and purchase of oil and gas or mining companies are one of the most complex transactions. There are many nuances in checking the acquired asset, obtaining transaction permits from state authorities, and taxation aspects.

Employer Awareness: Key Disabled Employment Obligations

#1 (121), February 2020

It is unquestionably common knowledge that people with disabilities need special approach and special attitude as a vulnerable category of the population.

Peculiarities of FIDIC Contracts Adaptation to the Kazakh Legislation

#6 (120), December 2019 Peculiarities of FIDIC Contracts Adaptation to the Kazakh Legislation

Economic globalization and increasing number of cross-border transactions bring forth the objective need for contract documents unification. In the construction domain, this is resolved through FIDIC model contracts representing standardized forms of contracts for diverse construction operations.

Changes in Taxation of Non-residents

#3 (117), June 2019 Changes in Taxation of Non-residents

Kazakhstan legislation is fairly advanced and recent taxation initiatives for both corporate income and personal income demonstrate that Kazakhstan is in many ways ahead of other post-Soviet countries. For instance, the concept of taxation of income of foreigners at the level of the host local company acting as a tax agent in relation to income tax even for income paid outside Kazakhstan is widely developed in Kazakhstan.

The Position of the Tax Authorities Prevents the Transition to the Terms of a Standard Contract for Subsoil Use

#2 (116), April 2019 The Position of the Tax Authorities Prevents the Transition to the Terms of a Standard Contract for Subsoil Use

After the adoption of the new Code "On subsoil and subsoil use" (Code), subsoil users have the opportunity to update their obligations by switching to a standard subsoil use contract (SC). But they are in no hurry to do so because of the uncertainty of taxation.

Revised State Control and Supervision Procedure: a Guide on Inspections for Businesses

#5 (113), October 2018 Revised State Control and Supervision Procedure: a Guide on Inspections for Businesses

Effective from 8 June 2018, Kazakhstan introduces a revised procedure for exercising state control and supervision over businesses' compliance with the local legislation requirements.

 

The amendments are mostly intended to more extensively use preventive measures, without instituting administrative proceedings.  The list of the areas of activities subject to control has been reduced (leaving out 20 areas of activities out of 114 and 108 controlling functions of governmental agencies out of 544).  The Administrative Code of the Republic of Kazakhstan no longer contains 47 articles previously providing for administrative liability of businessmen.

 

Guide on Oil and Gas Industry Permits

#4 (112), September 2018 Guide on Oil and Gas Industry Permits

All permits in oil and gas industry may be conditionally divided into 2 major types: (а) contract or license for exploration and production of hydrocarbons and (b) permissions for activity and facilities related to exploration and production of hydrocarbons.

Kazakhstan Subsoil Code: What’s the Outcome?

#2 (110), April 2018 Kazakhstan Subsoil Code: What’s the Outcome?

The legislation on subsoil and subsoil use of the independent Kazakhstan has been forming from the first days of the Republic proclamation, and has a storied history by now.  Regulations at the level of laws and Presidential edicts were repeatedly interchanging, being complemented by subordinate legislative acts of different legal force.

Is Kazakhstan's Oil and Gas Tax Regime “fit for purpose” today and tomorrow?

#4 (106), August 2017 Is Kazakhstan's Oil and Gas Tax Regime “fit for purpose” today and tomorrow?

Gulnar Bokpayeva, Senior Manager, Tax & Law Services, Corporate Tax, EY