Client Alert

| January 26, 2012

Taxation of dividends in Kazakhstan – an update on the law in force from 1 January 2012

This article describes the main provisions relating to the taxation of dividends in Kazakhstan in 2012. All legislative references are to the Code of the Republic of Kazakhstan "On Taxes and Other Mandatory Payments to the Budget (Tax Code)" dated 10 December 2008 (as subsequently amended).

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