Kazakhstan Lower House Considers Bill to Amend Tax Code

The Kazakh Lower House of Parliament (Mazhilis) Sept. 5 accepted for consideration a bill to amend the tax code. The bill includes measures to: 1) allow withholding tax exemptions on income paid to nonresidents, under a DTA, only when the residence country imposes a 15 percent minimum tax rate; 2) introduce a simplified payroll tax mechanism for micro- and small-businesses, with withholding rate schedules for years 2023 through 2027; 3) explain due diligence requirements for taxpayers; 4) amend the procedures for deducting social health insurance contributions; 5) shorten the term for claiming a VAT refund to 75 days from 155 ...