Never ever come to Kazakhstan if you invest/trade

D

Dna7272

I recently moved back to Kazakhstan. It's my home country, but I lived abroad for a while. I trade for living and I make good money. For the last 6 months I made around $200k. But it turns out I am going to pay around 250k in taxes. Kazakhstan has such a stupid tax system. And there's no mistake, I have consulted a tax consultant everything is correct. How stupid tax system can be if a person has to pay more than her earned. I am speechless and I cannot describe how I hate this country. And this is in a country where personal income tax is 10% flat. No wonder everyone avoids paying taxes here, because it's such a stupid system.

I cannot trade anymore because there's no point. If I wanna be able to trade then I need to leave the country and get residence somewhere else but it's not easy. I am lost. Nt only I have to pay 250k in taxes I also can't trsde anymore and gonna lose a lot in possible profit, which I could have made if I resided in a normal country.

P.s. Sorry, I realized that I have made lots of errors in my post. I am furious, and now I am not in the mood to correct the grammar errors
 
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Dna7272 said:
I recently moved back to Kazakhstan. It's my home country, but I lived abroad for a while. I trade for living and I make good money. For the last 6 months I made around $200k. But it turns out I am going to pay around 250k in taxes. Kazakhstan has such a stupid tax system. And there's no mistake, I have consulted a tax consultant everything is correct. How stupid tax system can be if a person has to pay more than her earned. I am speechless and I cannot describe how I hate this country. And this is in a country where personal income tax is 10% flat. No wonder everyone avoids paying taxes here, because it's such a stupid system.

I cannot trade anymore because there's no point. If I wanna be able to trade then I need to leave the country and get residence somewhere else but it's not easy. I am lost. Nt only I have to pay 250k in taxes I also can't trsde anymore and gonna lose a lot in possible profit, which I could have made if I resided in a normal country.

P.s. Sorry, I realized that I have made lots of errors in my post. I am furious, and now I am not in the mood to correct the grammar errors
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Well, duh! Dude, that's probably because you've been flapping your mouth like Elon Musk...just like you're doing NOW. :rolleyes:

Do I really need to repeat myself every other day? Folks, if you're wildly successful, keep your trap shut. Your craving for recognition will only come back to bite your big-ego ass. Enough said. o_O
 
schizo said:
Well, duh! Dude, that's probably because you've been flapping your mouth like Elon Musk...just like you're doing NOW. :rolleyes:

Do I really need to repeat myself every other day? Folks, if you're wildly successful, keep your trap shut. Your craving for recognition will only come back to bite your big-ego ass. Enough said. o_O
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I never told anyone about my money almost nobody knows what I have, but I have to pay the taxes based on the law. And the law states that I have to pay 250k. It is not a matter of me flapping my mouth it's a matter of a dumb tax system
 
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Dna7272 said:
I never told anyone about my money almost nobody knows what I have, but I have to pay the taxes based on the law. And the law states that I have to pay 250k. It is not a matter of me flapping my mouth it's a matter of a dumb tax system
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Vote with your feet.
 
Dna7272 said:
I recently moved back to Kazakhstan. It's my home country, but I lived abroad for a while. I trade for living and I make good money. For the last 6 months I made around $200k. But it turns out I am going to pay around 250k in taxes. Kazakhstan has such a stupid tax system. And there's no mistake, I have consulted a tax consultant everything is correct. How stupid tax system can be if a person has to pay more than her earned. I am speechless and I cannot describe how I hate this country. And this is in a country where personal income tax is 10% flat. No wonder everyone avoids paying taxes here, because it's such a stupid system.

I cannot trade anymore because there's no point. If I wanna be able to trade then I need to leave the country and get residence somewhere else but it's not easy. I am lost. Nt only I have to pay 250k in taxes I also can't trsde anymore and gonna lose a lot in possible profit, which I could have made if I resided in a normal country.

P.s. Sorry, I realized that I have made lots of errors in my post. I am furious, and now I am not in the mood to correct the grammar errors
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Basically those f*cker, in some cases take 10% not from profit but from the selling amount. So if I buy something for 101k and sell it for 100k, I have to pay 10% from 100k. And those are normal stocks that are traded at NYSE, NASDAQ
 
maxinger said:
Despite the high tax,
Kazakhstan is not a rich country.

But it is a huge country. I am sure there are tons and tons and tons
of minerals.
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It's not high tax, it's dumb tax. I used to pay 40% tax in my previous residence and I was okay with that. But paying more than you make is ridiculous
 
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