{"id":440,"date":"2014-07-11T16:04:02","date_gmt":"2014-07-11T10:04:02","guid":{"rendered":"http:\/\/pari-passu.net\/?page_id=440"},"modified":"2018-08-13T15:08:56","modified_gmt":"2018-08-13T09:08:56","slug":"thin-capitalisation-rule-in-kazakhstan","status":"publish","type":"page","link":"https:\/\/pari-passu.net\/?page_id=440","title":{"rendered":"Thin capitalisation rule in Kazakhstan"},"content":{"rendered":"<p style=\"text-align: justify;\">Before applying for a loan it is vital to consider some tax related risks associated with deduction of the credit interest from the corporate income tax of the Kazakh company. The thin capitalisation rule has been reviewed by one of the latest amendments to the Tax Code of Kazakhstan.<\/p>\n<p style=\"text-align: justify;\">Limit of interest\u00a0deduction from the tax base must be calculated in accordance with the following formula (A<em>rticle 246 of the Tax Code<\/em>):<\/p>\n<p style=\"text-align: justify;\">(A+E) + (AE\/AL) * (k) * (B+C+D), where<\/p>\n<p style=\"text-align: justify;\">A \u2013 sum of interest, excluding the sums of B, C, D, E;<\/p>\n<p style=\"text-align: justify;\">B \u2013 sum of interest which is due to related party, excluding the sum of E;<\/p>\n<p style=\"text-align: justify;\">C \u2013 sum of interest which due to parties located in the low tax jurisdiction, excluding the sum of B;<\/p>\n<p style=\"text-align: justify;\">D \u2013 sum of interest which is due to unrelated lender under the loans secured or guaranteed by the related party in cases where such security or guarantee is executed, excluding the sum of C;<\/p>\n<p style=\"text-align: justify;\">E \u2013 sum of interest which is due for the loans provided by the Kazakhstan credit partnerships;<\/p>\n<p style=\"text-align: justify;\">k \u2013 maximum coefficient (<em>7 for financial organisations and 4 for other entities<\/em>);<\/p>\n<p style=\"text-align: justify;\">AE (average annual equity) \u2013 average annual sum of equity (<em>is equal to average arithmetical sum of equity on the end of each month of the tax period<\/em>);<\/p>\n<p style=\"text-align: justify;\">AL (average annual liabilities) \u2013 average sum of liabilities (equal to <em>average arithmetical maximal sum of liabilities on the end of each month of the tax period<\/em>. Excluding the following liabilities<em>: taxes, employee revenues, <\/em><em>unearned revenues<\/em><em>, <\/em><em>except related party unearned revenues<\/em><em>, <\/em><em>interests and fees<\/em><em>, <\/em><em>dividends)<\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Before applying for a loan it is vital to consider some tax related risks associated with deduction of the credit interest from the corporate income tax of the Kazakh company. The thin capitalisation rule has been reviewed by one of the latest amendments to the Tax Code of Kazakhstan. Limit of interest\u00a0deduction from the tax [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":61,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"_links":{"self":[{"href":"https:\/\/pari-passu.net\/index.php?rest_route=\/wp\/v2\/pages\/440"}],"collection":[{"href":"https:\/\/pari-passu.net\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/pari-passu.net\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/pari-passu.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pari-passu.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=440"}],"version-history":[{"count":6,"href":"https:\/\/pari-passu.net\/index.php?rest_route=\/wp\/v2\/pages\/440\/revisions"}],"predecessor-version":[{"id":778,"href":"https:\/\/pari-passu.net\/index.php?rest_route=\/wp\/v2\/pages\/440\/revisions\/778"}],"up":[{"embeddable":true,"href":"https:\/\/pari-passu.net\/index.php?rest_route=\/wp\/v2\/pages\/61"}],"wp:attachment":[{"href":"https:\/\/pari-passu.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}