Kazakhstan has joined the Global Forum on Transparency and Exchange of Information for Tax Purposes. As the 110th member of the Global Forum, it will participate in the peer review process which encourages all countries to adopt effective exchange of information in tax matters.
"We are happy to welcome Kazakhstan as a new Global Forum member”, said OECD Secretary-General Angel Gurría "As the first country in Central Asia to join the international effort to make tax systems worldwide transparent and fair to all, it sets a good example for its neighbours and I look forward to strengthening our mutual cooperation.”
The Global Forum's aim is to ensure that all jurisdictions adhere to the same high standard of international cooperation in tax matters.
Consistently supported by G-20 leaders, since 2010 the Global Forum has published 79 peer review reports containing 495 recommendations to help jurisdictions improve their cooperation in tax matters. As a result, more than half of the countries reviewed have already introduced or proposed changes to their laws.
Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.