카자흐스탄의 회계 및 조세제도

Accounting Standards and Taxation System of Kazakhstan

Although it has not been long since Kazakhstan became independent from the Soviet Union, like other areas that have been reformed successfully, accounting and tax system are also undergoing a rapid change. Kazakhstan s current accounting standards related to disclosing financial statements of companies have already been established in accordance with the international accounting standards. Moreover, domestic companies will switch to international accounting standards progressively and in consequence, accounting standards of Kazakhstan are expected to show little differences with those of advanced countries. This will eventually result in increasing the reliability of accounting information which Kazakh companies provide and help attract foreign investment that is necessary to promote resource development and market economy. However, the key point is how quick accounting practices are able to pursue changes reasonably in accepting new accounting system, after a long period of time with the old accounting system affected by the Soviet Union. In terms of tax accounting, compared to other countries, Kazakhstan maintains high tax rates in the corporate income tax and value added tax to increase tax revenues and it especially introduces taxation of mineral extraction activities. Considering the rapid changes of the environment for Kazakh companies and recent increase of foreign investment, Kazakhstan is believed to steadily bring in new tax systems or choose to take drastic measures to ameliorate the existing tax law.