Does your company have to provide three-level reporting on Transfer Pricing?

Starting from January 1, 2019, international groups of companies (IG) operating in the Republic of Kazakhstan may receive additional reporting on Transfer Pricing (the “TP”) to the State Revenue Committee of the Ministry of Finance (the “SRC”). We suggest that you read the changes and understand whether your company is required to submit these reports.

What’s changed?

After applying for participation in an international group, companies are now required to provide what is known as “three-tier” reporting, which includes the following:

  • Country-by country reporting (starting January 2016)
  • Main reporting (starting January 2019)
  • Local reporting (starting January 2019)
Who will it affect?

The following IG members are required to submit a report:

  • the parent company of IG, which is a resident of the Republic of Kazakhstan
  • an authorized IG member
  • a resident who is a member of IG and is not the parent company of IG or an authorized IG member
  • a non-resident who is a member of IG and carries out business activities in the Republic of Kazakhstan through a structural subdivision (permanent establishment)

What are the specifics?

Country-by country reporting

Country-by country reports for the reporting financial year must be submitted not later than 12 months following the end of the reporting financial year, or from the date of receipt of the request by the IG member to submit country-by country reports.

Main reporting

The main reporting is provided at the request of the authorized organ for the reporting financial year not later than 12 months from the date of receipt of the request for main reporting by the IG.

Local reporting

Local reports are submitted annually for the reporting financial year not later than 12 months following the end of the reporting financial year.

How can SCHNEIDER GROUP help?

Our experts will help you determine whether your company is obligated to provide this reporting, and, if necessary, help to prepare it. If you have any questions, please contact us.

SCHNEIDER GROUP offers taxation and transfer pricing services
Get in touch with us
Kirill Afanasyev
Partner, Almaty, Nur-Sultan, Aktau
+7 / 727 / 355 44 48
Mariya Nazarova
Tax Team Leader
+7 / 727 / 355 44 48