On November 19, 2025, the Department of State Revenues for the East Kazakhstan Region held a seminar for representatives of consulting companies, participants in foreign economic activity, mass media, and bloggers.During the meeting, the department’s specialists explained current issues in tax legislation. The following topics were discussed:Changes in tax audits effective from January 1, 2026;Combating illegal turnover of tobacco products. Changes in excise dutiesfrom January 1, 2026;Taxation of non-residents’ income from sources in Kazakhstan, updates;Bankruptcy of legal entities — debt restructuring procedures;Ensuring compliance with customs duties and tax obligations.The event was held in a constructive atmosphere, and participants received comprehensive answers to their questions.Source : https://www.gov.kz/memleket/entities/kgd-vko/press/news/details/1108409?lang=kk

Source : https://www.gov.kz/memleket/entities/almobl/press/news/details/1108414?lang=kk

New control over ESF discharge introduced in KazakhstanFrom January 1, 2026, automated and comparative control of electronic invoices will be launched.Automated control (e-Tamka)• ESF can be issued only if there are confirmed expenses.• The VAT balance is considered automatically by the e-Tamka service in real time.• Replenishment - through the treasury account of the KGD, without advance tax.• Unused money can be returned upon application.• Controls apply only to risk taxpayers.• Term - 12 months, early removal can be after 6 months, subject to the conditions.Comparative control• Conducted to identify bogus deliveries.• Applies only to a small group of taxpayers with signs of fictitious ESFs.• 10 working days notice:• → consent to withdraw ESF• Disagreement → explain• Untimely response → ESF statement blocking and restriction of banking operationsThe new Tax Code is aimed at transparency, shadow control and simplification of administration.Source : https://www.gov.kz/memleket/entities/kgd-abay/press/news/details/1114206?lang=kk

The concerns voiced were thoroughly reviewed and taken into work to provide further assistance in resolving the identified problems.The AMANAT party and the deputies of the Altai District Maslikhat continue their systematic work on reviewing citizens' appeals and providing support in addressing pressing local issues.Source : https://www.gov.kz/memleket/entities/altay-maslihat/press/news/details/1108290?lang=kk

Dear residents of the district! As part of the implementation of the social project "Karizsyzqoğam", free information and legal support is provided to citizens who find themselves in a difficult financial situation. If you:✔️ Have loans that are overdue for more than 90 days✔️ Have had your accounts, property, or salary seized✔️ Are unable to pay your loans to banks or microfinance organizations (MFOs)✔️ Do you want to know about the possibility of declaring bankruptcy?✔️ Do you need debt restructuring or legal assistance? 📌 You can get the following services for free:▪ Consultations on personal bankruptcy▪ Assistance in removing arrests and restrictions▪ Assistance in restructuring and writing off part of your debts▪ Legal consultations on problematic loans▪ Assistance in preparing applications and appeals to banks, microfinance organizations, courts, and government agencies 📞 Contact center throughout the Republic of Kazakhstan:8 700 099 01 548 700 023 01 448 700 855 85 858 700 866 86 86 📍 All citizens can apply for assistance, regardless of their place of residence.👥 Consultations are provided by qualified lawyers and social protection specialists.📄 All services are provided free of charge as part of the project. The "Қарызсызқоғам" project provides real support to those who are burdened with debt. Take a step towards financial recovery today!            Source : https://www.gov.kz/memleket/entities/aqmola-sand-birlik/press/news/details/1108304?lang=kk

The mobile book exhibition “Choice of the Year” was held at the Center for Labor Resources and Active Longevity. The event was organized by the Saken Seifullin Central Library of the Zhetysu region. It was conducted as part of the “Bir el – bir kitap” campaign and was dedicated to promoting the works of the authors selected for 2025: in the prose category — the works of the outstanding writer, poet, critic, translator, and artist Taken Alimkulov, and in the poetry category — the works of the prominent poet and State Prize laureate Zhumeken Nazhimedenov, whose 90th anniversary is being celebrated this year.The exhibition featured various publications, including a two-volume collection of works, poems, and epics by Zhumeken Nazhimedenov, as well as an eight-volume collection of works by Taken Alimkulov, along with his novella and short stories “Kókek ayy” and the book “Qaratau örnekteri.” Visitors were offered a bibliographic overview.    Source : https://www.gov.kz/memleket/entities/zhetysu-archive/press/news/details/1108313?lang=kk

Open day and seminar on explaining the provisions of the new Tax Code Today, on November 20, 2025, a seminar was held at the State Revenue Department in Ekibastuz, and an open Day for taxpayers was held at the state revenue departments in Pavlodar and Shcherbaktin districts. The main purpose of the events is to inform and clarify the provisions of the new Tax Code, which comes into force on January 1, 2026. Taxpayers who attended the events were provided with answers to their questions on taxation and explanations on upcoming changes. The main issues discussed at the event were the introduction of differentiated tax rates, the establishment of progressive individual income tax rates, the reform of value added tax (VAT), CIT rates for various industries, the introduction of a luxury tax, changes in special tax regimes, the transition to a service model of interaction with taxpayers, the digitalization of tax administration, and the reduction of tax forms. reporting. During the events, the participants had the opportunity to get acquainted with the upcoming changes in tax legislation, to understand how these innovations will affect their business or personal obligations. Department of Explanatory Work and Contact Center State Duma of the Pavlodar region  Source : https://www.gov.kz/memleket/entities/kgd-pavlodar/press/news/details/1109186?lang=kk

 The Deputy Head, Ethics Commissioner of the Department M.J. Beisenov, held a seminar on the ZOOM platform with employees of the Department and territorial divisions on the topic: Compliance with the norms of the Anti-Corruption Air Defense System, On the Civil Service of the Republic of Kazakhstan and the Code of Ethics of Civil Servants with the participation of the Head of the Civil Service Control Department of the Department of the Agency for Civil Service Affairs for the Pavlodar region, Abisalikov E.D. Department of Human Resources of the State Duma of the Pavlodar regionSource : https://www.gov.kz/memleket/entities/kgd-pavlodar/press/news/details/1108254?lang=kk

Geneva, November 18, 2025 – Permanent Representative of the Republic of Kazakhstan to the United Nations Office and other international organizations in Geneva Erzhan Kazykhan held a meeting with the United Nations High Commissioner for Human Rights Mr. Volker Türk.During the meeting, Ambassador Kazykhan reaffirmed Kazakhstan’s strong support for the mandate and activities of the Office of the United Nations High Commissioner for Human Rights (OHCHR). He highlighted the essential role of the High Commissioner in promoting and protecting human rights worldwide, including ensuring the protection and safety of civilians in armed conflict.Mr. Volker Türk expressed appreciation for Kazakhstan’s constructive engagement with UN human rights mechanisms and emphasized that cooperation with international organizations strengthens global human rights institutions, reinforces adherence to universal norms, and promotes effective multilateral dialogue.Kazakhstan reiterated its readiness to deepen cooperation with the OHCHR at the global, regional, and national levels with the aim of further advancing international human rights standards, supporting professional capacity-building, and contributing to the protection of fundamental freedoms.Source : https://www.gov.kz/memleket/entities/mfa-geneva/press/news/details/1108231?lang=kk

Source : https://www.gov.kz/memleket/entities/mod/press/news/details/1108238?lang=kk

Geneva, November 17, 2025 – The Permanent Representative of the Republic of Kazakhstan to the United Nations Office and other international organizations in Geneva H.E. Erzhan Kazykhan held a meeting with Ms. Mirjana Spolyarich-Egger, President of the International Committee of the Red Cross (ICRC).During the meeting, the parties confirmed their mutual interest in further strengthening long-standing cooperation between Kazakhstan and the ICRC across global, regional, and national platforms. Particular attention was devoted to advancing the Global Initiative to Strengthen Political Commitment to International Humanitarian Law (IHL), which was jointly launched by the ICRC and six partner countries: Kazakhstan, France, China, Brazil, South Africa, and Jordan. To date, the initiative has been supported by 95 States, demonstrating broad international endorsement and recognition of its relevance.Ms. Spolyarich-Egger noted that Kazakhstan’s active and constructive participation in promoting the Initiative reflects the country’s firm adherence to humanitarian principles and its ongoing commitment to strengthening international norms and multilateral cooperation.Ambassador Kazykhan reaffirmed Kazakhstan’s commitment to working closely with the ICRC and to further contributing to global efforts aimed at ensuring full respect for international humanitarian law, protecting victims of armed conflict, and reinforcing collective ethical and legal responsibilities.Source : https://www.gov.kz/memleket/entities/mfa-geneva/press/news/details/1108225?lang=kk

This year marks the 190th anniversary of the birth of Bakhtybai Zholbarysulу. In this regard, with the support of the akimat of the Zhetisu region, the regional department of culture, archives and documentation, Aitys akynov was held at the Taldykorgan Drama Theater named after Biken Rimova. The Mukhamedzhan Tynyshbayuly Regional Museum of Local Lore organized a traveling exhibition "Zhetisudyn zhyr dombyralary". The dombra of Baktybai Zholbarysulу himself was presented at the exhibition, which consists of the museum's funds. Dombra was donated by the poet's descendants to the museum's fund in March of this year. The exhibition also featured dombra poets Zhetysu Sara Tastanbekkyzy, Kuat Teribayev, Temirgali Rustembekov, Kalka Zhapsarbayuly, Aytakyn Bulgakov. During the exhibition, they talked about the moral path of life, about the legacy of the word left by the poets who gave birth to aitys Zhetys.Source : https://www.gov.kz/memleket/entities/zhetysu-archive/press/news/details/1108195?lang=kk

На заседании Правительства под председательством Премьер-министра Олжаса Бектенова утверждена разработанная Правительством совместно с Национальным банком и Агентством по регулированию и развитию финансового рынка Программа совместных действий по стабилизации и повышению благосостояния населения на 2026–2028 годы. Документ направлен на исполнение поручений Президента по обеспечению устойчивого экономического роста, снижению инфляции, импортозависимости и повышению доходов граждан.«Глава государства в Послании народу Казахстана поручил Правительству совместно с Нацбанком и Агентством по регулированию и развитию финансового рынка разработать Программу совместных действий. Программа совместных действий Правительства, Нацбанка и Агентства по финансовому регулированию направлена на решение ключевых задач социально-экономического развития страны на ближайшие три года», — подчеркнул Премьер-министр.Заместитель Премьер-министра Серик Жумангарин доложил об основных подходах Программы, которая включает комплекс мер по социально-экономическому развитию страны по ряду ключевых направлений. Среди них – поддержка доходов населения, обеспечение качественного роста, стимулирование несырьевого экспорта, цифровизация экономики и развитие ИИ, совершенствование инвестиционной и тарифной политики, меры по снижению инфляции и доли государства в экономике. Программа также включает блоки по денежно-кредитной политике, развитию финансового сектора и регулированию цен.Председатель Национального банка Тимур Сулейменов представил пакет монетарных, макропруденциальных и институциональных мер по обеспечению ценовой стабильности и развитию финансового сектора. Председатель Агентства по регулированию и развитию финансового рынка Мадина Абылкасымова сообщила о шагах по расширению кредитования бизнеса, снижению рисков в потребительском сегменте и совершенствованию регулирования для поддержки предпринимателей.Премьер-министр отметил, что реализация Программы за счет качественного и устойчивого роста экономики и снижения инфляции станет ключевым инструментом повышения уровня жизни и благосостояния граждан.«Основными целями Программы является ежегодный прирост экономики на уровне не ниже 5% и реальных доходов населения в среднем на 2-3%»,— подчеркнул Премьер-министр.Планируется запустить новый инвестиционный цикл, кардинально снизить барьеры для ведения бизнеса и долю участия государства в экономике, а также реализовать новые меры по содействию занятости и повышению адресности социальной поддержки. Особое внимание будет уделено снижению инфляции, проведению сбалансированной тарифной политики, увеличению экспорта и снижению импортозависимости.С учетом того, что устойчивое развитие экономики возможно только при слаженных действиях всех ответственных госорганов, Премьер-министр Олжас Бектенов дал ряд поручений ответственным ведомствам.Министерствам национальной экономики, сельского хозяйства и торговли поручено усилить работу по контролю, снижению уровня инфляции, минимизации влияния внешних факторов на рост цен и обеспечить соблюдение предельного вклада тарифов на коммунальные услуги.В условиях действия моратория на повышение цен на горюче-смазочные материалы усиливается диспаритет цен с соседними государствами: проще говоря, казахстанский бензин и дизель намного дешевле, чем у соседей, поэтому министерствам энергетики, торговли, финансов совместно с министерством внутренних дел, Агентством финансового мониторинга и Пограничной службой необходимо будет обеспечить жесткий контроль за балансом топлива и перетоками нефтепродуктов.Министерствам сельского хозяйства, торговли и промышленности для стабильности цен на продовольствие следует повышать обеспеченность внутреннего рынка отечественной продукцией. Приоритетом является стабилизация цен на продукты питания, особенно на которые сегодня наблюдается высокая импортозависимость, через активное использование стабфондов, форвардных договоров, субсидий и соглашений с торговыми сетями. Министерству торговли совместно с акимами необходимо выявлять непродуктивных посредников, а центральные и местные органы – обеспечивать своевременное исполнение мер по контролю инфляции. Особое внимание должно уделяться реализации инвестпроектов и производству продукции глубокой переработки в АПК.Министерствам торговли, сельского хозяйства, промышленности совместно с заинтересованными госорганами поручено выработать комплексные меры стимулирования экспортеров несырьевой продукции и сосредоточить усилия на расширении рынков сбыта. Кроме того, даны поручения по ускорению реализации приоритетных инвестиционных проектов с вовлечением в кредитование реального сектора банков второго уровня, повышению роли институтов развития, в том числе холдинга «Байтерек» и Kazakh Invest, а также обеспечению информационной поддержки реализуемых мер. Министерству национальной экономики поручено осуществлять мониторинг хода реализации мероприятий с регулярным рассмотрением на площадке Совета по экономической политике. Премьер-министр подчеркнул, что всем первым руководителям необходимо обеспечить качественную и своевременную реализацию Программы.Контроль закреплен за заместителями Премьер-министраhttps://primeminister.kz/ru/news/priniata-razrabotannaia-po-poruceniiu-prezidenta-programma-sovmestnyx-deistvii-pravitelstva-nacbanka-i-arrfr-30737 Source : https://www.gov.kz/memleket/entities/economy/press/news/details/1108201?lang=kk

Source : https://www.gov.kz/memleket/entities/almobl/press/news/details/1108186?lang=kk

On November 17, 2025, Zh. Zh. Umurzakova, Chief Specialist of the Department for Regulation and Control over the Activities of Bailiffs of the Department of Justice of the North Kazakhstan Region, held a lecture for specialists of the Regional Chamber of Private Bailiffs of the North Kazakhstan Region on the topic: "Use of the State Language in Office Work."Source : https://www.gov.kz/memleket/entities/adilet-sko/press/news/details/1108167?lang=kk

📍Today, the Akim of East Kazakhstan Region, Nūrïmbet Saktaganov, met with Ulrich Kinne, Deputy Ambassador of Germany to Kazakhstan, and representatives of German companies. The parties discussed expanding economic cooperation, investment projects, and collaboration in innovative sectors.“Germany is an important technological and economic partner of our region. The Ambassador’s visit to East Kazakhstan in September strengthened bilateral dialogue. The main sector of our regional economy is metallurgy. More than 70 industrial enterprises operate in East Kazakhstan. Agriculture and tourism are also developing dynamically,”— stated the regional head.🔗During the meeting, the Akim invited German entrepreneurs to initiate various projects in the region. The German side also expressed interest. Thus, the meeting became an important step toward strengthening bilateral partnership.It should be noted that the trade turnover between East Kazakhstan Region and Germany currently amounts to 39.5 million USD.Source : https://www.gov.kz/memleket/entities/tourism-vko/press/news/details/1108151?lang=kk

Geneva, 19 November 2025 – On 17 and 19 November, the Third Trade Policy Review of Nepal was held at the headquarters of the World Trade Organization under the chairmanship of H.E. Ambassador Kairat Torebayev, Permanent Representative of the Republic of Kazakhstan to the WTO and Chair of the Trade Policy Review Body.The delegation of Nepal, led by Mr. Ram Prasad Ghimire, Secretary of the Ministry of Industry, Commerce and Supplies, presented updates on the country’s economic reform agenda. Despite global challenges, Nepal has sustained economic growth, continued to reduce poverty and updated key strategic documents, including the Trade Policy 2025 and the National Trade Integration Strategy 2023.Progress was noted in customs digitalization through ASYCUDA World and the National Single Window, improvement of the investment climate, and modernization of transport infrastructure. Particular attention was given to advances in the hydropower sector, including the 2024 trilateral agreement with India and Bangladesh on electricity exports, as well as the ratification of the WTO Agreement on Fisheries Subsidies.WTO Members praised Nepal’s strong commitment to the multilateral trading system and its efforts to enhance transparency and facilitate trade. At the same time, they highlighted continuing challenges such as limited export diversification, high logistical costs and structural constraints linked to the country’s landlocked geography. Delegations expressed their support for Nepal’s smooth and sustainable graduation from LDC status in 2026.In closing the proceedings, Chair Kairat Torebayev thanked Nepal and Members for their substantive engagement and high level of transparency during the review, emphasizing the importance of ongoing reforms for the country’s long-term sustainable development.Trade Policy Reviews play an essential role in strengthening the transparency and predictability of WTO Members’ trade regimes and support further integration into the global trading system. The next Review under Kazakhstan’s chairmanship will be held on 25-27 November 2025 and will cover the Trade Policy Review of Tunisia.Source : https://www.gov.kz/memleket/entities/mfa-wto/press/news/details/1108133?lang=kk

Department of State Revenue in the area of Zhetisu informs about the imminent entry into force of the Resolution of the Government of the Republic of Kazakhstan dated November 14, 2025 № 970 "On approval of the list of activities for which it is prohibited to apply a special tax regime based on a simplified declaration. This legal act is enacted from January 1, 2026 in accordance with subparagraph 2) of paragraph 1 of Article 723 of the new Tax Code of the Republic of Kazakhstan.All business entities engaged in the activities listed in this document should prepare in advance for the transition to the generally established procedure of taxation.Below is the list of the most significant types of activities (out of 44 approved categories), which are excluded from the application of the simplified declaration from 2026:- Production and (or) wholesale sale of excisable products. This includes distillation and mixing of alcoholic beverages, production of wine and beer, production of tobacco products (OKED: 11010, 11021, 12002 and others).- Sale of certain types of petroleum products (gasoline, diesel fuel and fuel oil)5. Includes wholesale of crude oil (OKED: 46711) , wholesale of gasoline and diesel fuel (OKED: 46716, 46717) , as well as retail sale of motor fuel in specialized stores (OKED: 47301, 47303) 8, except for retail sale of liquefied gas.- Subsoil use (except for activities carried out on the basis of a license for prospecting). Includes extraction of coal, crude oil and gas, metal ores (OKED: 05101, 06100, 07292 and others).- Financial, insurance activities and intermediary activities of insurance broker and insurance agent. The list includes activities of banks (OKED: 64191), pawnshops (OKED: 64921), reinsurance (OKED: 65200) and activities of insurance agents and brokers (OKED: 66220).- Consulting and (or) marketing services. Included are tax consulting (OKED: 69203), business and management consulting (OKED: 70221), and market research (OKED: 73200).- Accounting or auditing activities. Financial audit (auditing) activities (OKED: 69201) and account compilation and bookkeeping activities (OKED: 69202) are included.- Digital mining activities (OKED: 63113).- Collection (harvesting), storage, production, processing and sale of scrap and waste of non-ferrous and ferrous metals. Includes processing of waste and scrap of ferrous (OKED: 38321) and non-ferrous metals (OKED: 38322), as well as wholesale of scrap (OKED: 46771).- Construction of residential and non-residential buildings (OKED: 41201, 41202) and Realization of housing stock (purchase and sale of houses/apartments) (OKED: 68101).- Leasing and operation of trade market (OKED: 68203), as well as Subletting of trade facilities related to trade markets, stationary trade facilities of categories 1 and 2, except for trade facilities of categories 4 and 5. Entrepreneurs are advised to carefully study the full text of Resolution No. 970 of 14.11.2025 to accurately determine their tax status from 2026. https://adilet.zan.kz/rus/docs/P2500000970  Source : https://www.gov.kz/memleket/entities/kgd-zhetysu/press/news/details/1108044?lang=kk

On November 18, 2025, as part of the implementation of the "Law and Order" ideology, young employees of the Department of Justice visited the Russian State University"Institution No. 40" of the Committee of the Penitentiary System of the Ministry of Internal Affairs of the Republic of Kazakhstan.The main purpose of the event is to form a stable rejection of corruption among civil servants, develop an anti–corruption culture and increase the level of personal responsibility in the performance of official duties.During the tour, participants were given the opportunity to familiarize themselves with the activities of the institution, the procedure for the execution of sentences, the conditions of detention of convicts, as well as the organization of the regime and security. The young specialists were told what legal consequences occur in cases of corruption offenses and abuse of official authority.The main message is that every civil servant should have a clear understanding of the consequences of corruption offenses, as well as awareness of the need for strict compliance with legislation and adherence to moral and ethical standards of public service. Press ServiceDepartment of JusticeKostanay region  Source : https://www.gov.kz/memleket/entities/adilet-kst/press/news/details/1108049?lang=kk

"Current questions about the UAPF"  Please explain the concept of “adequacy of pension”  In the context of a changing demographic structure, an aging population, and a transforming labor market, ensuring a dignified retirement is becoming a key objective of the state's social policy. Therefore, the issue of pension adequacy is becoming increasingly important in Kazakhstan, especially given the declining share of the pay-as-you-go component of pensions and the growing role of the funded pension system.An adequate pension income is the amount of benefits that allows a person to maintain their usual quality of life after retirement without experiencing significant financial constraints. The International Labor Organization (ILO) recommends that the income replacement rate be at least 40%. The replacement rate is the ratio of pension benefits to pre-retirement earnings, i.e., the extent to which pension income replaces earned income. In Kazakhstan, this figure is currently around 41%. How can a person independently increase the adequacy of their retirement income? The adequacy of your pension income can be increased by:regular transfer of compulsory and additional voluntary contributions;transfer of pension funds to the management of a private investment portfolio manager (IPM) for more active and potentially profitable investing.Furthermore, regular compulsory pension contributions not only positively impact the total amount of pension savings and subsequent pension benefits, but also influence the amount of the basic pension paid from the state budget, which depends on total work experience. Since 1998, work experience has been confirmed exclusively by these compulsory pension contributions. Currently, the minimum basic pension is 70% of the subsistence minimum (for a total work experience of 0 to 10 years), and the maximum is 110% of the subsistence minimum (for 30 years or more of work experience). By 2027, the maximum basic pension will be increased to 120% of the subsistence minimum.All these measures not only ensure financial stability but also maintain a familiar level of consumption, leisure, and quality of life in retirement.Please tell me how I can make voluntary pension contributions? Can my employer do this? Voluntary pension contributions (VPC) can be made by both individuals and legal entities. Individuals make contributions for themselves and/or their dependents from their income, while legal entities make contributions for their employees and/or third parties.VPCs can be transferred through second-tier banks or by submitting an application to the employer, which will transfer the contributions to the UAPF for the declared individual.To sign an agreement and open an Individual Pension Savings Account (IPSA) for VPC, there is no need to visit a UAPF office. An IPSA for VPC is opened automatically upon receipt of the first contribution. Opening an IPSA for VPC is done without an application based on:- lists of individuals submitted by agents to UAPF when transferring VPC;- an initial contribution received by UAPF from an individual for their own benefit or for the benefit of a third party when transferring VPC.      Please tell me how and when I can start receiving benefits through voluntary pension contributions?Pension benefits through VPC can be received before reaching retirement age, starting at age 50. They are also provided to individuals with disabilities, as well as foreigners and stateless persons who have permanently relocated outside the Republic of Kazakhstan, unless otherwise provided by the laws of the Republic of Kazakhstan and international treaties ratified by the Republic of Kazakhstan.An application for benefits through voluntary pension contributions (VPC) can be submitted to the UAPF online in your personal account on the enpf.kz website or in the UAPF mobile app, as well as at any Fund branch.You can easily monitor your pension savings from all types of contributions 24/7 in your personal account on the enpf.kz website.UAPF JSC reminds you that a timely decision to make voluntary pension contributions (VPC) will help you significantly increase your pension capital and receive higher benefits in the future.Are voluntary pension contributions inherited? In the event of the death of an individual with pension savings, including those from voluntary pension contributions, they are inherited in accordance with the procedures established by Kazakhstani law. Specifically, pension savings are inherited by will or by law. In the absence of a will, or in the absence of a will, or in other cases, inheritance by law takes effect.  What are the benefits of voluntary pension contributions?It's worth noting that citizens pay voluntary pension contributions (VPC) voluntarily, determining their amount and frequency. The beneficiary also determines the procedure for receiving pension benefits from VPC in accordance with the UAPF pension rules. This is one of the advantages of this type of contribution.Employers who pay VPC for their employees receive tax advantages. VPC payments made by the employer to the employee are not considered personal income; for the employer, such expenses are deductible when calculating corporate income tax. This means the employer receives tax benefits. Are voluntary pension contributions invested? Can they be transferred to investment portfolio managers?Voluntary pension contributions, like all compulsory contributions, are invested and generate income for contributors. By default, pension assets are managed by the National Bank of the Republic of Kazakhstan. However, contributors have the right to transfer their pension savings to investment portfolio managers (IPMs), which offer various investment strategies with varying levels of return and risk. While compulsory and compulsory occupational pension savings can be transferred to IPMs up to 50%, voluntary pension savings can be transferred to IPMs for management in full.The transfer of IPM savings occurs upon the contributor's application, which can be submitted electronically in their personal account on the fund's website or at any UAPF branch. Based on investment results, the management company can be changed, but not more than once a year. Thus, participation in pension asset management is another advantage of VPCs.Source : https://www.gov.kz/memleket/entities/kostanai-mendykarin-audany-akimat/press/news/details/1109100?lang=kk