Client Alert

| November 28, 2011

Taxation of capital gains in Kazakhstan – an update on the position from 1 January 2012

Kazakhstan has substantially revised its international taxation rules, including those dealing with the taxation of capital gains. Most of the amendments come into force on 1 January 2012; however, certain amendments have retroactive effect. This article describes the main features of the amended Kazakhstan capital gains tax regime which will be in force from the beginning of 2012.

This memorandum is intended only as a general discussion of these issues. It is not considered to be legal advice. We would be pleased to provide additional details or advice about specific situations. For additional information on this important topic, please feel free to call upon your Dewey & LeBoeuf relationship partner. No part of this publication may be reproduced, in whole or in part, in any form, without our prior written consent. For further information on Dewey & LeBoeuf, please visit www.dl.com. +1 888 532 6383