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Kazakhstan Business Report

General information
Source: The World Factbook - Central Intelligence Agency
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Population
18,556,698 (July 2017 est.)
GDP (PPP)
$477.6 billion (2017 est.)

Second largest country (after Russia) of the former Soviet Republics

GDP growth rate
4% (2017 est.)

Accelerating from 1%

GDP (PPP) per capita
$26,300 (2017 est.)

Medium

Local currency
Tenge (KZT)

Stable for the past three years after a sharp fall in 2014/2015

Financial stability (Public debt)
21.2% of GDP (2017 est.)

Low

Inflation
7.4% (2017 est.)

High but slowing sharply from 2016

Language
Kazakh, Russian

Corruption perception index (Source: Transparency International)
122/180

Very high level of corruption

Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT

12%
Corporate Tax

20% standard corporate tax rate 10-60% excessive profit tax targeting companies engaged in subsuface activities
Duties

Customs duties rates are established either based on a percentage (in general, ranging between 0% and 30%; higher rates exist for certain goods) of the customs value of goods or in absolute terms in Euros (EUR) or US dollars.

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