Kazakhstan's tax legislation provides various incentives and reliefs for certain categories of taxpayers and certain types of transactions. This makes it possible to optimize a company's taxation, avoid unnecessary tax payments and increase profits.
Tax optimization means improving your financial results through the sound and lawful application of tax legislation.
It also includes identifying and eliminating tax risks. Optimization can take place when a company is being set up, before an individual transaction, or throughout the company's life cycle across all its business processes.
Tax optimization and tax planning are often used interchangeably. The two are closely related, but tax planning is the more passive part: it involves gathering information and drawing up a plan or a set of plans, while putting them into practice is tax optimization. In practice, most experts do not draw a strict line between the two.