Article 7-1. Local reporting of the Transfer Pricing Act

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1. Local financial statements for the reporting financial year shall be submitted by the participant of the transaction to the authorized body no later than 12 months following the reporting financial year.

2. Excluded by the Law of the Republic of Kazakhstan dated 03/25/2024 No. 68-VIII (effective sixty calendar days after the date of its first official publication).

3. The provisions of this article shall apply to a participant in a transaction who, during the reporting financial year, made transactions specified in paragraph 1 of Article 3 of this Law with related parties, with the exception of transactions with persons designated by related parties in accordance with paragraphs 16) – 20) of the second part of Article 11 of this Law, and whose revenue, in accordance with its financial statements for the financial year preceding the reporting financial year, is at least five million times the monthly calculation index established by the law on the republican budget and effective on January 1 of the year preceding the reporting financial year.

The Law of the Republic of Kazakhstan dated July 5, 2008 No. 67-IV.

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