LETTER OF THE TAX COMMITTEE OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF KAZAKHSTAN

of April 4, 2011 No. HK-21-57/3790

According to part one of Item 11 of article 141 of the Code of the Republic of Kazakhstan of December 10, 2008 "About taxes and other obligatory payments in the budget" (Tax code) again arisen legal entity as a result of reorganization by separation or allocation estimates advance payments on the corporate income tax in tax period in which such reorganization is performed, and also during two subsequent tax periods if the legal entity reorganized by separation or allocation estimated advance payments on the corporate income tax in tax period in which such reorganization is performed.

At the same time by item 4 of the above-stated Article it is determined that calculation of the amount of advance payments for the corporate income tax which is subject to payment for the period before delivery of the declaration on the corporate income tax for the previous tax period is represented for the first quarter of accounting tax period no later than January 20 of accounting tax period in tax authority in the location of the taxpayer.

The amount of advance payments on the corporate income tax which is subject to payment for the period before delivery of the declaration on the corporate income tax for the previous tax period is estimated in the amount of one fourth from the total amount of advance payments estimated in calculations of the amounts of advance payments for the previous tax period.

According to Item 5 of article 141 of the Tax Code calculation of the amount of advance payments for the corporate income tax which is subject to payment for the period after delivery of the declaration on the corporate income tax for the previous tax period is represented the taxpayer within twenty calendar days from the date of its delivery for the second, third, fourth quarters of accounting tax period.

By Item 8 of article 141 of the Tax Code it is determined that taxpayers have the right to provide during accounting tax period additional calculation of the amount of advance payments for the corporate income tax, except for additional calculation of the amount of advance payments for the corporate income tax which is subject to payment for the period before delivery of the declaration on the corporate income tax for the previous tax period. At the same time additional calculation of the amount of advance payments for the corporate income tax which is subject to payment for the period after delivery of the declaration on the corporate income tax for the previous tax period is constituted proceeding from expected income amount for accounting tax period and it is represented for months of accounting tax period on which there did not come payment due dates of advance payments on the corporate income tax, no later than December 20 of tax period.

Thus, the legal entity allocated as a result of reorganization by allocation, or who again resulted from reorganization by separation represents in the current tax period calculations of the amounts of the advance payments for KPN which are subject to payment before submission of the declaration on KPN for the previous tax period according to the procedure established by Items 4, of the 5th article 141 of the Tax Code if reorganization by allocation or separation is performed till January 20 of the current tax period.

If reorganization by allocation or separation is performed after January 20 of the current tax period, the legal entity allocated as a result of reorganization by allocation, or who again resulted from reorganization by separation represents the corresponding calculation of the amount of advance payments till December 20 of the current tax period.

Isp. Dolmatov Tatyana

Orazatev A., ph. 71 77 62

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