The new Tax Code is designed to significantly simplify the lives of entrepreneurs. The administrative burden is being reduced, reporting forms are being reduced, and digital services are being introduced. This will allow businesses to operate more transparently and efficiently, focusing on development rather than paperwork. To keep entrepreneurs informed of the changes, the Ministry of Finance of the Republic of Kazakhstan conducts explanatory seminars and meetings. One of these events was held in Kyzylorda with the assistance of the National Chamber of Entrepreneurs "Atameken" and brought together representatives of the business community of the region. The participants were able to ask questions directly and understand the new rules in detail.

The seminar was attended by Deputy Chairman of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan Zhanybek Nurzhanov. He noted the main changes in tax administration, measures to reduce the burden on businesses and simplify procedures for taxpayers. Special attention was paid to the issues of digitalization and the introduction of modern services for entrepreneurs.

Since the Kyzylorda region has significant raw material potential and is one of the leading centers of the uranium mining and oil and gas industry in Kazakhstan, special attention was paid at the seminar to the taxation of mining companies. The experts explained new approaches to calculating taxes in the raw materials sector, emphasizing the transparency and predictability of the rules, as well as their importance for long-term business planning.

Zhanybek Nurzhanov said that the new Tax Code provides for corporate income tax (CIT) deductions, which make it possible to reduce the tax base by accounting for actual expenses. These expenses include labor costs, depreciation of fixed assets, marketing campaigns, staff training, and other operating expenses.

One of the main mechanisms for optimizing value added tax (VAT) is the right to offset incoming VAT paid on the purchase of goods, works and services. This allows a business to reduce the amount of tax payable to the budget if the expenses are documented and comply with legal requirements. In addition, proper and timely registration as a VAT payer helps to avoid double taxation and optimize the tax burden at all stages of the supply chain.

"The changes in the tax system are aimed at ensuring a balance between the interests of the state and business. In addition, the new Tax Code provides for the expansion of the use of electronic services, automation of tax reporting and the introduction of a single platform for entrepreneurs to interact with state revenue authorities. This will allow companies to save time, avoid duplication of documents and focus on developing their business, rather than on bureaucratic procedures," said Zhanybek Nurzhanov, Deputy Chairman of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan.

Source : https://www.gov.kz/memleket/entities/minfin/press/news/details/1056547?lang=kk