Are you meeting your compliance and reporting obligations in Kazakhstan?

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1 Are you meeting your compliance and reporting obligations in Kazakhstan?

2 Compliance and Reporting in Kazakhstan Searching for somebody to take care of your day-to-day compliance and reporting obligations? Want to have peace of mind that your compliance and reporting is in safe hands? Need to speak to someone who understands your needs and can make sense out of local specifics to you?

3 One-stop shop Kazakhstan has many country specific compliance requirements. As such, replication of your home country experience in the Kazakhstan environment is likely to lead to non compliance, higher costs and, in some cases, reputation damage. EY s team, with 24 years of experience in Kazakhstan, provides the complete range of services that you will need to properly fulfill your Kazakhstan compliance and reporting obligations, from the very moment you enter the Kazakhstan market. We would be happy to assist you in the following areas: Bookkeeping Statutory financial reporting preparation Payroll and employment tax compliance HR compliance/ Immigration services Reconciliation of tax payments and reports with tax accounts in the electronic system of the state revenue authorities Interaction with the state revenue authorities (for example, responses to requests/ notifications) Development of your tax policy, including the tax register forms Preparation of statistical reports Preparation of reporting to the National Bank of Kazakhstan Restoration of local accounting books in accordance with the requirements of local accounting legislation Preparation of accounting, tax and management reporting based on accounting books maintained by EY as well as on data provided by clients Why EY? We provide a one-stop shop for the whole range of services. We offer world class expertise with local experience. We provide deep insight to companies in your sector and industry. We support your business growth by bringing in appropriate resources at the right time. We assign an experienced team of professionals, tailored to your particular needs. We use an innovative and flexible approach in providing services and tailor our solutions and scope of services to your particular needs from full outsourcing to a review of particular areas.

4 The main tax reporting compliance requirements for Kazakhstan LLPs and Kazakhstan branches of a foreign legal entity* Type of tax/report Filing monthly Filing quarterly Filing annually Filing deadline** Tax returns Corporate Income Tax (CIT) No later than 31 March of the year following the tax reporting period. Tax on net income of non-resident legal entities from activities in Kazakhstan through a permanent establishment (Branch profits tax) Calculated tax is reported in the CIT declaration, which should be submitted no later than 31 March of the year following the tax reporting period. CIT Advance Payments For the first quarter no later than 20 January of the tax reporting period. For the second, third and fourth quarters within 20 calendar days from the submission date of the CIT declaration for the previous tax reporting period. Corporate income tax withheld from non-resident legal entities receiving income from Kazakhstan sources not connected with a permanent establishment For the first, second, and third quarters no later than the 15th day of the second month following the quarter for which the payment is made. For the fourth quarter no later than the 31 March of the following year. Social Tax Obligatory Social Insurance Contributions Individual Income Tax Withheld at source of payment Obligatory Pension Fund Contributions withheld at source of payment Obligatory Professional Pension Fund Contributions (for certain professions) Value Added Tax (VAT) VAT on imports from Eurasian Economic Union countries No later than the 20th day of the month following the tax reporting period. Property Tax The statement of current payments no later than 15 February of the tax reporting period. The declaration no later than 31 March of the year following the tax reporting period. Vehicle Tax The statement of current payments no later than 5 July of the tax reporting period. The declaration no later than 31 March of the year following the tax reporting period. Charge for environment pollution * The table provides the general requirements for the submission of major tax obligations by resident and non-resident legal entities. Taxpayers are also subject to other reporting requirements with the Statistics Committee and the National Bank, and under the Law «On Transfer Pricing» in the Republic of Kazakhstan. ** Payment deadlines can be different from the filing deadlines.

5 Our team Konstantin Yurchenko Partner, Tax & Law Services Leader in Kazakhstan and Central Asia Amangeldy Mussayev Partner, Global Compliance and Reporting Payroll, Employment Tax and HR Compliance Madina Savina Director, People Advisory Services Accounting Compliance & Reporting Botagoz Bassanova Senior Manager, Tax & Law Services Tax Compliance & Reporting Saltanat Sultanova Manager, Tax & Law Services Yekaterina Korolyuk Manager, Tax & Law Services

6 EY Assurance Tax Transactions Advisory About EY EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY works together with companies across the CIS and assists them in realizing their business goals. 4,500 professionals work at 20 CIS offices (in Moscow, St. Petersburg, Novosibirsk, Ekaterinburg, Kazan, Krasnodar, Rostov-on-Don, Togliatti, Vladivostok, Yuzhno-Sakhalinsk, Almaty, Astana, Atyrau, Bishkek, Baku, Kyiv, Tashkent, Tbilisi, Yerevan, and Minsk). EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com Ernst & Young Kazakhstan LLP. All Rights Reserved. The information contained in this publication is for general guidance only. You should neither act, nor refrain from acting, on the basis of such information. The application of laws and regulations will vary depending on particular circumstances and may also undergo frequent change. You should take appropriate professional advice relating to your particular circumstances and the current status of the laws and regulations. EY disclaims all responsibility, including negligence, for all consequences of any person acting on, or refraining from acting in reliance on, information contained in this publication.