Kazakhstan Clarifies Changes in Dividend Taxation from 2023

Kazakhstan's State Revenue Committee issued a release on 11 November 2022 regarding the changes in the taxation of dividends as per Law No. 135-VII of 11 July 2022, which enter into force on 1 January 2023. Among other things, this includes changes regarding the taxation of dividends received by resident companies and resident individuals, as well as non-residents.

For resident companies, it is confirmed that the general exemption for dividends received is removed, although an exemption (ex…