Seminar on Development and Various Aspects of Local Content

16 october 2019

British Chamber in cooperation with Integrites Law Firm, Prof Advisor Consulting firm and KazService Association held a joint seminar at Renaissance Hotel in Atyrau on 10 October 2019 .

Tim Owen, Chairman of BCC, Kurmangazy Talzhanov, Co-Managing Partner of Integrites Law Firm and Marina Chsherbakova, Managing Director of “Prof Advisor” provided opening remarks.

Integrites covered a topic on “Local Content - incorporation of JVs, mechanisms of management”. Yernur Toizhanov, Senior Associate and Representative of Atyrau office discussed various aspects related to local content matters and incorporation of joint ventures between international and local partners. The seminar also covered the matter on disproportionate distribution of dividends between partners and voting rights of each partner.

Nurlan Zhumagulov, General Director of KazService Association of Oil Service Companies in Kazakhstan also touched aspects of local content and made a presentation on “Oil Service Industry of Kazakhstan”.

Marina from Prof Advisor has disclosed the following tax issues during the seminar: Kazakhstan tax environment, Key tax trends, Basic provisions on taxation of foreign individuals, Taxation of various types of personnel assignment and associated tax risks.

The questions raised by the participants related to the introduction of amendments in the Tax Code, associated with the taxation of foreign individuals incomes.

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