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Kazakhstan Business Report
General information
Source: The World Factbook - Central Intelligence Agency
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, RussianCorruption perception index (Source: Transparency International)
122/180Very 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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