Chairperson
Yeldos Syzdykov
Partner, Tax & Legal Department, Deloitte DKU
Committees
Tax
The Tax Committee serves as a key forum for member companies to address developments in Kazakhstan’s tax legislation and enforcement practices. Bringing together senior finance, legal, and tax professionals, the Committee identifies practical challenges and formulates joint positions on key policy issues. Through regular engagement with government authorities, it advocates for transparent, consistent, and investment-friendly tax regulation. Participation provides members with expert insights, direct dialogue with policymakers, and a collective voice in shaping a fair and predictable tax environment.
Working Groups/Issues
| Overuse of Royalties | “Royalties” under the tax code of the Republic of Kazakhstan has been adapted to a broad definition and vast application. The expansive use of this classification has led to excessive taxation of services, hurting the taxpayers and competitive climate of Kazakhstan. | Status: tracking the issue |
| Late VAT Refund | The removal of penalty relief for delayed VAT refunds in the new Tax Code remains unresolved. The issue is considered a policy matter rather than a technical one, affecting cash flow and predictability for taxpayers. | Status: ongoing work |
| Excise Tax on Beer | Recurring increases in excise taxes on alcohol and energy drinks raise production, retail costs and affect market competitiveness. | Status: active issue |
| SME Deductions | The new Tax Code provision prohibiting deductions for expenses related to individual entrepreneurs under the simplified tax regime poses risks for companies working with SMEs, potentially limiting collaboration, increasing tax burdens, and discouraging small business development. | Status: active issue |
Frequency of Meetings
- Committee Meetings – on a quarterly basis
- Working Group Meetings – by request, depending on the needs of members.
Key Achievements
Positive progress in Overuse of Royalties Issue:
- Definition of “know-how” included in Tax Code.
- Services related to servers/hosting excluded from royalties
PM Council for Improving the Investment Climate
February 21, 2025 – Issue raised at the Prime Minister’s Council for Improving the Investment Climate.
Engagement with Goverment
- February 21, 2025 – Issue raised at the PM’s Council.
- May 16, 2025 – Official letter submitted to the Senate.
- May 22, 2025 – Working meeting held with Mr. Erlan Ermekovich Sagnayev, representative of the Committee for State Revenues (KGD).
- May 27, 2025 – Extended online meeting with the Senate Finance and Budget Committee.
- May 30, 2025 – Additional follow-up meeting with the Senate Finance and Budget Committee.
Bakhytzhan Kadyrov
Igor Kolupayev
Michael Wagner
Damir Atchibayev
Doniyorbek Zulunov
