Changes in transfer pricing monitoring

On 30 December 2024 the Order of the Minister of Finance of the Republic of Kazakhstan dated 24 December 2024 No. 866 ‘On amendments to the Order of the Minister of Finance of the Republic of Kazakhstan dated 19 March 2015 No. 194 ‘On approval of the List of goods (works, services) which underlying international business transactions are subject to monitoring’ (the ‘Order’).

The Order expanded the list of international business transactions which are subject to transfer pricing monitoring. In particular, now it is required to report transactions subject to transfer pricing monitoring on received and granted loans as well as related to:

• coal, briquettes, pellets and similar types of solid fuel obtained from coal;
• lignite or brown coal, agglomerated or not, except for jet;
• hydrogen, inert gases and other non-metals;
• cyclic hydrocarbons;
• polymers of ethylene in primary forms;
• polymers of propylene or other olefins in primary forms;
• sulfur of all types, except sublimated, precipitated or colloidal sulfur;
• ...

You can see the full list at this link→