Central Asia tax & payroll news Q3/2024

Kazakhstan

• Starting from 27 May 2024 deadline for submission of a Main Reporting on Transfer Pricing was shortened from 12 months to 30 calendar days upon receipt of the request from the tax authorities. 
• From July 1, 2024 until July 1, 2025, a pilot project on automation of legal entities’ liquidation is launched in Kazakhstan. Legal entities that decided to cease operations must publish information on liquidation and submit an application with an interim liquidation balance sheet through the “e-Government” portal. The documents are subject to review in the integrated tax administration system in accordance with the Tax Code.
• The following categories of persons are exempted from submission of the Declaration on assets and liabilities (Form 250.00):

1. Non-residents who are employees of government organisations and their spouses, and non-residents who are employees of quasi-public sector organisations and their spouses.
2. Non-residents who are executives, founders (participants) of legal entities and their spouses, as well as non-residents who are individual entrepreneurs and their spouses.
3. Founders (participants) of non-profit organisations and shareholders.

Kyrgyzstan

• As part of measures related to war in Ukraine the National Bank adopted a Resolution according to which for a period of 1 year banks do not execute payments under contracts, the subject of which are goods, work and services coming from or to foreign countries without actual delivery to the territory of the Kyrgyz Republic except for authorised state-owned companies determined by the Cabinet of Ministers of the Kyrgyz Republic.
• From August 1, 2024 reduced rates of insurance contributions from 17.25% to 2.25% were introduced. The decreased rates cannot be applied by mining companies, banks, telecommunication companies and payers of excide duties. 
• From October 1, 2024 it is prohibited to pay wages to employees in cash, only bank transfers are allowed. 

Uzbekistan

If there is an overdue payable to a non-resident from 1 July 2024, the following requirements must be complied with:

• payment under an import contract for accounts payable exceeding 365 days can be made provided that the existence of a debt to a foreign partner is confirmed by an audit organisation that is a member of international audit organisation specified in the list posted on the official website of the Ministry of Economy and Finance of the Republic of Uzbekistan;
• if under an import contract the accounts payable (exceeding 365 days) to a foreign partner will not be confirmed by an audit organisation, starting from 1 October 2024, it is subject to de-registration in the UEISVO system (as property or services received free of charge).