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Why would I lie here? What it achieves. As I said before I did it to vent my frustrations. Because I don't wanna tell other people that know me about my money. But i needed to tell someone. Anyway I also posted the untranslated full tax code somewhere above. So you can go ahead and check it

Well, as everyone noted it is written that the capital gains tax is 10%. And almost nowhere people talk about that damb clause, where they might charge 10% of selling amount not the profit. That is why nobody believed me before I posted the law. I found out about it way too late.

I posted translated law before on this thread with exact instructions

Even knowing how dumb my country laws can be, I didn't believe in the beginning. That's why I went to a big4 tax consultant. And unfortunately they said that it's true. Then again most people don't know about it. And when they fail the taxes they do it usual way. And sometimes tax officials get...

I know for most people it is unbelievable. But if you read the tax carefully then you will understand why Kazakhstan is a poor country, despite being resource rich. People in the government are not smart. They don't care how their laws can affect The people

Thanks. But in this case it's not a mistake. It's how they constructed the tax law. Here's the Google translated version of the law. Basically, first you need to read section 1, then section 4 then section 8.

Thank you for trying to help. I replied above

You did a good gob. Thanks for trying to help. But if you go below to section 8 you will see that it's taxed 10% at selling amount if it's from certain countries. And it's a little ambiguous about what it means there, but the head of tax administration in a different place clarified that if the...

I will eventually move, but it is gonna take time. And in my case it's lost profit. For people not from developed countries it takes longer time to be accepted. I know I have experience

For the f*cks sake. I posted the tax code I explained the reason why the tax is higher than the profit. And this genius based on what he red on few posts thinks that he understands the tax code of my country better than me or a tax consultant. My country's tax code is bad because it's...

It's 5:36 am in my city and I didn't sleep at all. And I need to get up at 7 am today. This is going to be a very long day

You don't have to believe me, I am venting my frustrations here

That's the problem, it is very long and too complicated. Different sections link to other sections, and gonna be too difficult to show a specific part. And I am in no mood to explain everything

I kinda doubt that you can translate and understand the tax code, but i posted the link

https://online.zakon.kz/m/amp/document/36148637/46/3320000#3320000

I replied below, the explanation

So basically whenever a company is incorporated in certain countries or states (Wyoming, Puerto Rico, or Cayman islands, Hong Kong etc) which usually have low tax rates, they charge 10% from from selling amount

The tax code is in Russian so it would mot make any sense

Personal income tax in my country is 10% flat. And there's no tax on Kazakhstani stocks. But in some cases those geniuses charge 10% not from profit but from selling amount

The tax consultant was from Ernst & Young. And I myself red the tax code. It's as it is.