LETTER OF THE TAX COMMITTEE OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF KAZAKHSTAN

of May 24, 2010 No. HK-23-46/5909

The Tax Committee of the Ministry of Finance of the Republic of Kazakhstan (further - MF RK Oil Company), having considered the letter of May 6, 2010 No. 205-05/10, reports the following.

According to Item 8 of article 141 of the Code of the Republic of Kazakhstan "About taxes and other obligatory payments in the budget" (Tax code), taxpayers have the right to provide during accounting tax period additional calculation of the amount of advance payments for the corporate income tax (further - KPN) which is subject to payment for the period after delivery of the declaration on KPN for the previous tax period (further - form 101.02), for the forthcoming months of accounting tax period, proceeding from expected income amount for accounting tax period.

At the same time the additional form 101.02 can be provided no later than December 20 of tax period.

By the rules of creation of form 101.02, approved by the order of the Minister of Finance RK of 25.12.2008 No. 611 (further - Rules), it is determined that:

- in line 101.02.007 the amount of monthly advance payment on KPN taking into account line 101.02.005 or line 101.02.006, subject to payment for 2, the 3 and 4 quarters of accounting tax period is specified ((101.02.004-101.02.005)/9 or (101.02.004-101.02.006)/9). This line is subject to filling with taxpayers who estimate calculation of the amounts of advance payments, according to Item 6 of article 141 of the Tax Code;

- in line 101.02.012 the monthly advance payment amount on KPN for the second, third and fourth quarters of accounting tax period is specified ((101.02.009-101.02.010) or (101.02.009-101.02.010)/9). This line is subject to filling with taxpayers who estimate calculation of the amounts of advance payments, according to Item 7 of article 141 of the Tax Code.

The specified formulas are reflected also in the form 101.02.

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