Kazakhstan Tax Agency Clarifies Amendments to Dividend Taxation

The Kazakh State Revenue Committee Nov. 11 clarified amendments to dividend taxation, effective Jan. 1, 2023. The clarification explains that: 1) dividends received by legal entities on the date of accrual as listed on the stock exchanges aren’t excluded from withholding tax obligations and are taxed at the payment source; 2) dividends received by legal entities on listed securities are excluded from tax if the stocks were actively trading during the tax period; 3) dividends received by individuals are subject to a tax rate of 10 percent, to be withheld at the payment source; and 4) nonresident legal entities receiving ...