28 december 2020
1) To what extent are your kids protected while browsing the Internet?
Life during the pandemic has been difficult for parents and guardians and children alike. Children of all ages, daily now, are turning to their devices for learning, playing games or interaction with friends. Now more than ever, how can parents and guardians ensure that their children are being safe online and making sensible decisions. Consider these six tips for keeping your kids safe online.
Material is available at: https://bit.ly/3ln6IO8
2) In a first-of-its-kind study, KPMG earned a top three ranking in HFS Triple-A Trifecta Services Top 10, with high scores for “Ability to deliver business transformation,” “Innovation capability,” and “Strategy and vision.”
The report called out the strength of KPMG Global Lighthouse’s transformation approach and collaboration with alliances to integrate automation, AI, and smart analytics into client offerings, enabled by Connected, Powered, and Trusted Enterprise.
According to the report, “KPMG’s digital framework enables end-to-end management from strategy to implementation, including operational architecture, digital architecture, and governance…It follows a business-first perspective to solve a client's challenges to deliver business value around growth, risk, quality, and efficiency, creating an enhanced customer experience.”
To view the report please follow the link https://bit.ly/36kZeao
3) Dear friends, please, read a new issue of KPMG Tax NewsFlash!
An Order of the Minister of Finance approved the Rules and Deadlines for the Implementation of the Pilot Project on Consignment Notes for Goods. The pilot project is planned to be launched from 31 December 2020. We offer you a short overview of some of the most important provisions of the Rules.
To read the main provisions of the Rules, visit: https://bit.ly/3aGH7hM
4) Please, read a new issue of Tax Alert. On 26 November 2020, the Russian Federation sent an official notice to the OECD Depositary about completion of the procedures required to enact the Multilateral Convention MLI, which covers 34 states including the Republic of Kazakhstan.
Why was it important to send a notice and what was its impact? How can KPMG help? Please follow the link to read the news: https://bit.ly/3oz4ZHv
5) New amendments to the Law “On Concessions” concerning designation of a concessionaire on the part of the state, are made upon request of the investors of the first countrywide concession agreement. It is expected that potential investors would compete for a concession and therefore, would propose more attractive terms to the government: lower participating interest for the state and higher participating interest for the private sector.
Assel Mukhambekova and Zalina Geliskhanova, legal practice experts of KPMG in Kazakhstan and Central Asia, shared their opinions on the reasons behind amending the Concession Law.
Material is available at: https://bit.ly/2JvC3Bw
6) In Kazakhstan, large companies started establishing the Shared Services Centers (SSC) in 2015. Despite the pandemic, the SSC market in Kazakhstan kept growing during 2020 both in the public sector and private sector. What digital tools do Kazakhstan SSCs use? How do the centers improve quality of their services? What are the strategic issues that the SSC have to consider? You will find answers to these and other questions in the interview that Timur Omashev, Partner, Head of Digital Finance, KPMG in Kazakhstan and Central Asia, gave to SSC Club.
Material is available at: https://bit.ly/39PweJJ
7) Read the material on how the procedure of mutual agreement to divide the taxes between the states that are parties to the tax conventions is used in Kazakhstan, if the double taxation matters arise, accompanied by the comments of Inna Alkhimova, Partner, Head of Tax and Legal, KPMG in Kazakhstan and Central Asia, for Dalainform.kz
Material is available at: https://bit.ly/39YWnWW
8) Over the past few years, the legal framework for pharmaceutical activity has experienced significant changes in Kazakhstan. In July 2020, a new Code on Public Health and Healthcare System was put in force, which introduced various amendments and additions to the sphere of medical activity, pharmaceutical activity, digitalisation, state control and supervision, etc.
To know what requirements of Kazakhstan legislation the drug manufacturers, distributors and drug-store chains need to consider, please, read the article by the legal practice experts of KPMG in Kazakhstan and Central Asia for zakon.kz.
Material is available at: https://bit.ly/3n0W01D
9) Productivity growth, cost control and ROI are the most frequent key requirements for the digital transformation projects.
Ilyas Aliyev, Deputy Director of Consulting of KPMG in Kazakhstan and Central Asia, believes that establishment of the Shared Services Center (SSC) is one such project, which is aimed at increasing labor productivity and reducing operating costs for Kazakhstan enterprises.
In his interview to Капитал.kz correspondent, the expert told what functions are transferred to SSC most often and how long it takes to get returns.
Material is available at: https://bit.ly/37AcwA8
10) “Every project brings a kick and adrenalin rush,” - says Iris Marijic, Partner, Deal Advisory, KPMG in Kazakhstan and Central Asia, in her recent interview for Forbes Women, while speaking about the work in the company. – “Recently I have had transactions in such areas as telecommunications, production of beverages, operation of HPP, banking, heavy industry - that is a new industry every time and, in fact, a new job...."
Iris joined KPMG Croatia in 2004 as a member of the in Financial Advisory team.
In 2007 she moved to KPMG office in Almaty and contributed to establishing and developing KPMG Consulting Practice in Kazakhstan and Central Asia, including Deal Advisory.
Today Iris continues dealing with transaction support in Kazakhstan, CIS and other countries of the world. “The work I am involved in is an entity’s due diligence and assessment of the real value of future transaction. Every day I audit one entity on the other entity’s instructions - for fact-checking, market requirements and for my own expectations. I always question everything - my task is to exercise professional scepticism,” says Iris.
- “And I do not make a division of jobs to male and female, rather I judge by the level of professionalism - high or low.”
The full interview is available in the print version of Forbes Women magazine No.2 (20) 2020.