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France's richest man and LVMH boss denies tax exile bid
France's richest man and LVMH boss denies tax exile bid

France's richest man and LVMH boss Bernard Arnault said Sunday he was not becoming a tax exile, despite seeking Belgian nationality as Paris moves to impose a 75-percent wealth tax.

France's richest man and LVMH boss denies tax exile bid
France's Hollande outlines sweeping new taxes for recovery
France's Hollande outlines sweeping new taxes for recovery

France's Socialist President Francois Hollande pledged 30 billion euros in new taxes and savings to balance the budget and fund a turnaround in two years, and rejected criticism of dragging his feet.

France's Hollande outlines sweeping new taxes for recovery
Chairman of the Land Resources Management Agency Kadirkhan Otarov
Kazakhstan mulls to raise land tax

Final decision will be made in a few days: official.

Kazakhstan mulls to raise land tax
Majilisman Azat Peruashev. Photo by Yaroslav Radlovskiy©
Luxury tax can push rich Kazakhs into concealing profits: MP

Introduction of a luxury tax in Kazakhstan will force rich people to hide their incomes: Azat Peruashev.

Luxury tax can push rich Kazakhs into concealing profits: MP
Chairman of Tax Commission Anuar Dzhumadildayev. Photo courtesy of Tax Commission's press-service
New chairman of Kazakhstan Tax Commission appointed

New chairman was introduced to Kazakhstan Tax Commission.

New chairman of Kazakhstan Tax Commission appointed
Hydrocarbons processing facility of Karachaganak Petroleum Operating. ©REUTERS
Kazakhstan will claim "several hundred million dollars" in taxes from KPO

The Tax Commission of Kazakhstan Ministry of Finance has completed a tax inspection of Karachaganak Petroleum Operating.

Kazakhstan will claim "several hundred million dollars" in taxes from KPO
©RIA Novosti
Kazakhstan budget received 'bonuses' from Tax Commission

The Tax Commission of Kazakhstan Ministry of Finance exceeded the target on refilling the budget.

Kazakhstan budget received 'bonuses' from Tax Commission
Asset Issekeshev. ©Yaroslav Radlovsky
Kazakhstan may offer special tax regime for foreign investors injecting $500 million

Investors are to be exempted from corporate income tax, land and property tax: Minister of Industry and New Technologies Asset Issekeshev.

Kazakhstan may offer special tax regime for foreign investors injecting $500 million
Illustration by tengrinews.kz
AK Zhol suggesting tax exemption of new small and medium companies

Ak Zhol democratic party is suggesting to exempt newly established small and medium businesses from taxes for 3 years from the moment of their foundation.

AK Zhol suggesting tax exemption of new small and medium companies
Daulet Ergozhin. Serik Turlubekov ©
Kazakhstan mulls becoming a tax haven

We do not introduce any new taxes, nor do we raise tax rates. Why can’t this be used to attract international companies to get registered in Kazakhstan to the benefit of Kazakhstan: Head of the Finance Ministry’s Tax Committee.

Kazakhstan mulls becoming a tax haven
Daulet Ergozhin. Serik Turlubekov ©
Kazakhstan selecting consultants to reform Tax Code

Earlier the country’s media reported that tax returns would be introduced as a pilot project in 2012.

Kazakhstan selecting consultants to reform Tax Code
Photo courtesy of ci.kent.wa.us
New initiatives of the Finance Ministry Tax Committee

Among other things, Tax Committee seeks to launch electronic auction platform to sell distrained property.

New initiatives of the Finance Ministry Tax Committee
Ruslan Dalenov. ©S. Turlubekov
Individual income tax proceeds 21.2% up

This growth is assigned to growing employment coupled with salary raises: Vice Finance Minister Ruslan Dalenov.

Individual income tax proceeds 21.2% up
Photo courtesy of wordpress.com
Every fifth Kazakhstan citizen does not wish to declare profits

Institute of Political Solutions polled 2,302 people on their attitude towards profits declaration.

Every fifth Kazakhstan citizen does not wish to declare profits
RIA Novosti ©
Saudi Arabia eager to invest to Kazakhstan: Minister of Finance Ibrahim Al Assaf

June 7 Kazakhstan and Saudi Arabia signed an agreement on avoidance of double taxation and prevention of tax evasion.

Saudi Arabia eager to invest to Kazakhstan: Minister of Finance Ibrahim Al Assaf
Number of Russian enterprises in Kazakhstan on the rise

The number of enterprises with Russian capital has grown nearly 10% in Kazakhstan for the last year: Finance Ministry Tax Committee.

Number of Russian enterprises in Kazakhstan on the rise
Photo courtesy of mirsovetov2.ru
Legislation liberalization will help Kazakh business

Almaty Entrepreneurs Association Viktor Yambayev calls the government to liberalize business environment, lower taxes, clarify legislations.

Legislation liberalization will help Kazakh business
Photo courtesy of wordpress.com
Almaty Akim instructed to simplify tax reporting for business

43 thousand of individual entrepreneurs of Almaty are awaiting simplification of tax reporting.

Almaty Akim instructed to simplify tax reporting for business