Accounting & Tax in Kazakhstan

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Accounting & Tax in Kazakhstan

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Accounting & Accounting Outsourcing Services in Kazakhstan:
correct, punctual and compliant.

Controlling your business revenues and expenses is an integral part of any business. Due to numerous unique features and state regulations, Kazakhstan standards of accounting vary greatly from those prevalent in the European countries.

Features of Accounting / Accounting Outsourcing in Kazakhstan

The legislation of the Republic of Kazakhstan strictly governs the proper and timely accounting for all companies operating in Kazakhstan. Businesses prepare their balance sheets, income statements and tax returns on a quarterly basis and submit them to the local authorities. In addition, reports must be submitted regularly to pension, social security and statistical authorities as well as to other governmental authorities. The number of quarterly reports can vary from one quarter to another depending on the business activity and industry sector of a company, with different due dates set. Multitude of rules and instructions makes it necessary for a company to rely on experienced accounting specialists. Another feature of accounting in Kazakhstan is its primary function: to calculate taxes to be paid, rather than presenting the financial situation of a company.

Taxes in Kazakhstan

Taxes are not always charged uniformly in Kazakhstan. There are multiple nuances to be mindful of when it comes to taxes in Kazakhstan, such as the correct calculation of the tax base, applying a proper tax rate etc. Our specialists for accounting in Kazakhstan give consultations to both persons, interested in setting-up a business in Kazakhstan, and already established and operating companies.

Accounting Outsourcing Kazakhstan

Accounting Outsourcing in Kazakhstan describes the outsourcing of accounting and reporting to a professional third-party service provider. Accounting, especially in Kazakhstan, is above all a matter of trust. Due to a multitude of regulations, accounting in Kazakhstan is a very complicated field and delegating it to a trustworthy partner is a considerable relief for any business.

Advantages of accounting outsourcing in Kazakhstan:

Reduction of personnel and equipment costs
Reduction of hardware and software costs
Transfer of liability
Control and monitoring function

Our services in the field of accounting outsourcing in Kazakhstan:

We are happy to support you with competence and expertise in outsourcing your accounting in Kazakhstan. Upon your request, we will take over the complete accounting of your business in Kazakhstan, regardless of its legal form or location. Our services include:

Set-up and management of all accounting process according to Kazakhstan standards
Posting of all daily business transactions (incoming invoices/outgoing invoices) and preparation of payment media
Preparation and submission of tax returns and delivery of required reports to the respective Kazakhstan authorities
Preparation and submission of quarterly and annual financial statements, preparation and filing of accounting and tax registers
Management of the complete payroll and personnel accounting as well as personnel administration including preparation and submission of all required reports to the responsible authorities
Preparation of internal instructions on employment, reimbursement of cash expenses, other remuneration, bonuses, vacation, dismissals, business trips (except for business travel reports, which is always the responsibility of the respective traveler)
Online bank account management: preparation of bank transfer for salary and tax payments, as well as for all other bank payments, international currency transactions and other relevant banking documents.
personal contact person for your business in Kazakhstan

Do you have any questions regarding accounting outsourcing in Kazakhstan? Leave us a message or book a call with one of our experts now!

Payroll Outsourcing

Payroll accounting in Kazakhstan is a sensitive and very confidential part of a company’s accounting. In order to maintain confidentiality and prevent the in-house accounting department from being informed about the salaries of all employees in your Kazakhstan business, it is advisable to outsource internal payroll accounting.

The payroll accounting in Kazakhstan has to take into account numerous country-specific peculiarities of Kazakhstan labor law, which are responsible for increased complexity in payroll accounting. Starting with the calculation of the taxes up to the collection, documentation and transfer of personal data.

Our services for you in the area of payroll accounting outsourcing in Kazakhstan:

When outsourcing your payroll accounting, we take over:

Calculation of payroll according to Kazakhstan law
Management reports on payroll accounting according to your requirements
Calculations of payroll taxes and social taxes
Calculations of payments for vacations and sick-leave
Data on personal income, personalized pension fund report
Preparation of all salary / tax / pension payment orders

and keep all related information strictly confidential. In this way, you may concentrating on your main business activities and provide support for sensitive issues in this context, as well as for an examination by the Kazakhstan authorities.

Do you have any questions regarding payroll outsourcing in Kazakhstan? Leave us a message or book a call with one of our experts now!

Tax Consultancy

Comprehensive tax advice is an important part of setting-up a successful business in Russia. It is not only about the payment of taxes in Germany, but also about the fiscal handling of cross-border cash flows. Tax optimization of the entire company and its processes is the key to tax-efficient operations both in Russia and abroad.

Our services in Tax Consultancy in Kazakhstan

Tax advice in the context of company registration (Kazakhstan taxation)
Tax due diligence
Formulating of tax and accounting policy
Tax optimization in daily business in Kazakhstan

Do you have any questions tax consultancy in Kazakhstan? Leave us a message or book a call with one of our experts now!

IT and 1C Services

Building up a working network to provide all modern digital solutions in accounting, tax and reporting software, is a key factor to conserve time and money for your business. The digital opportunities seem to be infinite, but it is challenging to find the suitable options. Our IT experts have wide expertise and experience to consult you on any software and 1C services including: