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Kazakhstan
Financial Reporting Obligations for Companies in Kazakhstan
1. Registry for Submitting Financial Statements
In Kazakhstan, companies must submit their financial statements to the National Business Register ("Ұлттық Бизнес Реестрі") (https://egov.kz/cms/en/).
Public Access to Financial Statements:
In Kazakhstan, financial statements of listed companies and public joint-stock companies are publicly available through the Kazakhstan Stock Exchange (KASE) website (https://kase.kz/en/).
However, financial reports of private companies (LLPs, LLCs and other non-listed entities) are not generally accessible to the public. Such reports are filed with tax and regulatory authorities but are not disclosed unless the company chooses to publish them voluntarily.
2. Legal Forms Required to Publish Financial Statements
In Kazakhstan, the obligation to publish financial statements depends on the legal form:
- Акционерлік қоғам (Joint Stock Company) – Must publish financial statements.
- Жауапкершілігі шектеулі серіктестік (Limited Liability Partnership - LLP) – Must publish if thresholds are met.
- Өндірістік кооператив (Production Cooperative) – Must publish financial statements.
- Шетелдік заңды тұлға филиалы (Branch of a Foreign Legal Entity) – Must publish financial statements.
- Толық серіктестік (General Partnership) – Not required, unless turnover exceeds thresholds.
- Коммандиттік серіктестік (Limited Partnership) – Not required, unless thresholds exceeded.
- Жеке кәсіпкер (Individual Entrepreneur) – Not required to publish.
- Мемлекеттік кәсіпорын (State Enterprise) – Must publish financial statements.
- Жалғыз мүшесі бар шаруашылық серіктестік (Sole Proprietorship) – Not required unless turnover exceeds thresholds.
- Қоғамдық бірлестік (Public Association) – Generally not required unless receiving public funds.
- Тұтынушылық кооператив (Consumer Cooperative) – Not required.
- Кәсіптік одақ (Professional Union) – Not required unless engaging in commercial activities.
3. Companies Required to Audit Financial Statements
Certain companies in Kazakhstan are mandated to have their financial statements audited based on criteria in the "Аудиторлық қызмет туралы заң" (Auditors' Activities Act):
| Legal Form | Audit Requirement | Criteria |
| Акционерлік қоғам (Joint Stock Company) | Mandatory Audit | All joint stock companies must undergo audit. |
| Жауапкершілігі шектеулі серіктестік (LLP) | Audit required if thresholds are met | Turnover (more than) 4 bn KZT, Assets (more than) 3 bn KZT, Employees (more than) 250 |
| Өндірістік кооператив (Production Cooperative) | Audit required if thresholds are met | Same as LLP thresholds |
| Шетелдік заңды тұлға филиалы (Branch of a Foreign Entity) | Mandatory Audit | Depending on scale of activities |
| Толық серіктестік (General Partnership) | Audit required if thresholds are met | Turnover (more than) 4 bn KZT, Assets (more than) 3 bn KZT, Employees (more than) 250 |
| Коммандиттік серіктестік (Limited Partnership) | Audit required if thresholds are met | Same thresholds as LLP |
| Мемлекеттік кәсіпорын (State Enterprise) | Mandatory Audit | All state enterprises |
| Жеке кәсіпкер (Individual Entrepreneur) | No Audit Required | Unless engaging in large-scale activities |
4. Companies Listed on the Local Stock Exchange
Companies listed on the Kazakhstan Stock Exchange (KASE) are required to publish their financial statements on the exchange's platform.
5. Deadline for Submitting Financial Statements
The deadline is typically 30th March of the following year, but may vary depending on company type and fiscal year-end.
6. Partial Financial Statements Submission
Branches of foreign entities and small businesses may submit simplified reports (balance sheet + P&L).
7. Consequences of Not Submitting Financial Statements
- Fines: 100,000 – 500,000 KZT depending on delay.
- Legal Action: Continuous non-compliance may lead to restrictions.
- Striking Off: Persistent failure can result in removal from register.
8. Specific Conditions for Foreign-Owned Branches and New Companies
Foreign-owned branches and new companies must often submit their first financial statements within 90 days after fiscal year-end.
Sources
| Source | Link |
| Ұлттық Бизнес Реестрі (National Business Register) | https://stat.gov.kz/ |
| Аудиторлық қызмет туралы заң (Auditors' Activities Act) | https://adilet.zan.kz/eng/docs/Z97000000089 |
| Қазақстан қор биржасы (Kazakhstan Stock Exchange) | https://kase.kz/en/ |
| Start Companies Search | Order Credit Report |
Keywords
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