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News

March 2018

Baker Tilly Kazakhstan participated in the II conference of the Association of Financial Directors and Treasurers in Almaty

The audit team of Baker Tilly Kazakhstan took part in the II conference of the Association of Financial Directors and Treasurers, organized jointly with IFC Representative Office in Kazakhstan. The event was held on March 30, 2018 at the Intercontinental Hotel in Almaty and gathered more than 30 market participants. During the working session, topical issues of doing business and bringing together professionals to find the best solutions to pressing problems and establishing business contacts were highlighted. According to the Chairman of the Association, Alibek Ungarbaev, the subject of future meetings will not be limited to the theory and practice of treasury. For subsequent conferences it is planned to involve Kazakhstani and foreign experts from the industry of discussed issues, such as Baker Tilly Kazakhstan.

Aislu Narbayeva, Managing Partner of Baker Tilly Kazakhstan (on the left), is on the picture with the event organizers: Saule Imanova, Investment Officer of IFC Representative Office in Kazakhstan (in the center), and Alibek Ungarbayev, Chairman of Kazakhstani Association of CFO and Treasures (on the right).

Baker Tilly Kazakhstan participated in CFO Summit 2018 in Almaty

Managing Partner of Baker Tilly Kazakhstan Aisulu Narbayeva and Business Development Director of Baker Tilly Kazakhstan Aigerim Zhaparova took part in the annual CFO Idea Exchange & Networking Event 2018, which was held on March 2 in Almaty. It was traditionally organized by the Centras group. The summit is a significant event for the financial market of Kazakhstan. This year it gathered over 300 financial directors and managers from domestic and foreign companies, representatives of state regulatory bodies, as well as independent experts. More than 30 speakers from among the first banking and investment leaders presented their vision for the development and improvement of the financial market.

At the jubilee 5th CFO Idea Exchange & Networking Event 2018, the award ceremony was held in Top-10 CFO, the Best Financial Analyst and the Best Fintech Project nominations. Winners were selected following the results of ranking; which independent experts were the seven international auditing companies including Baker Tilly Kazakhstan. We are proud that our expert opinion is highly appreciated by the professional community and we believe that our participation in the Centras group ranking will provide the financial market professionals with the support for their motivation.

More information you can find by following the link.

News

December 2017

Predictability is the key to stability:
What tax policy criteria are of fundamental importance for SMEs

Taxes – one of the main components of business. Their number and ease of work with them directly affect the development of entrepreneurship in the country: the less time it takes to sort out the taxes, the more people will go into business.
How can the development of taxation affect business? Read about it in the December issue of Forbes magazine. It also reflects the main comments and opinions of the director of Baker Tilly Kazakhstan Advisory team Ramina Nazyrova and Head of Tax and Law Department of Baker Tilly Ukraine Tatyana Stretovich.

More information you can find by following the link.

December 2017

Forbes Kazakhstan presents the rating of the rentier of Kazakhstan – 2017:
How the market of real estate commercial is experiencing a long-running crisis

December 5, 2017, Forbes Kazakhstan presented a rating of Top 10 rentier of Kazakhstan. The main topics for discussion were:
– Adaptation of the commercial real estate market to work in the conditions of a new reality;
– The main trends that determine the development of the sector;
– The current situation in the country’s economy.
More information you can find by following the link. It also reflects the main comments and opinions of the expert of Baker Tilly Kazakhstan Advisory team Asel Bakytova.

Link to the site forbes.kz

November 2017

23658759_1767625559935503_7878307197241383424_nBaker Tilly International has announced the release of a new mobile application, which will give you access to up-to-date tax information and complex tax directories.

Tax Mapp – all taxes in your smartphone

With Tax Mapp from Baker Tilly you will be able to:

  • learn about the latest news of the tax industry with link from the International Tax Review and the TP Week;
  • get access to complex tax directories that track 150 countries and increase the effectiveness of your work with taxes;
  • get even more perfect service, save time – your and your customers.
    The application is available in Russian. Download the application for: iOS and Android

November 2017

Ranking of 25 largest trading Internet platforms of the Republic of Kazakhstan

Forbes Kazakhstan presents the traditional annual rating of the largest Internet companies in Kazakhstan. Baker Tilly Kazakhstan Advisory is a partner of Forbes Kazakhstan in the compilation of the ranking “TOP KZ Retail E-Commerce 2017″.
Ranking of the largest trading players in the e-commerce market in Kazakhstan, according to the results of 2016, was published in the September issue of Forbes Kazakhstan, as well as on the official site forbes.kz.
More information you can find by following the link.

September 2017

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The Director of Baker Tilly Kazakhstan Advisory LLP  Nazyrova Ramina spoke at the IX International Business Conference “Trade Mission 2017″ organized by Kazpost JSC on September 21. The purpose of this event is to exchange new ideas, search for like-minded people and partners in e- commerce, logistics and IT sectors.
Ramina Nazyrova presented exclusive material prepared together with the Forbes.kz team named “Expert valuation of “TOP-25 KZ Retail e-commerce, 2016. Leaders of categories 2016, and prospects for the development of market segments.” The presentation is available in the Publications section

May 2017

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We enforce our resources in the field of Information audit and consulting. We are glad to announce that we have concluded a Memorandum of Cooperation with Kaspersky Lab – recognised international company working in the field of cybersecurity. We agreed to cooperate in the field of information security, ensuring the protection of information resources, as well as learning, conducting trainings on information security and investigating incidents.

To read more.

April 2017

Ranking of Top Kazakhstani Retail E-commerce in 2017

Forbes Kazakhstan, in partnership with Baker Tilly Kazakhstan, announces launch of a ranking of Top Kazakhstani Retail E-commerce in 2017. An official expertise for the ranking is provided by Homebank, a processing unit of Qazkom bank.
For the purpose of the ranking, we do not combine data of holding companies or legal entities, but consider separate online trading platforms, internet retailers, internet stores, or other e-сommerce sites that have common or affiliated owners and use common or unified technical platform with unified order management.
The major goals of the ranking are enhancing market transparency and creating culture of healthy competition.
The ranking is to be published in the September 2017 issue of Forbes Kazakhstan.
It is a great honor for us to invite Kazakhstani online stores and e-trading platforms including international players with solid presence in Kazakhstan (i.e. those having local legal entity) to participate in the ranking. Please take into account that we will have a chance to only consider companies who have actual executed orders in 2016.
Please fill in the following questionnaire to be considered for the ranking:
E-stores: https://forbes.kz/eshops
E-trading platforms: https://forbes.kz/emarketplace

Link to forbes.kz

January 2017

Appointment of the new Managing Partner of Baker Tilly in Kazakhstan

January 7, 2017 – The international audit and consulting company Baker Tilly is happy to announce the appointment of Aisulu Narbayeva as a managing partner of the company in Kazakhstan.

Aisulu Narbayeva has more than 20 years of experience in audit and consulting, including 10 years as a Partner of the “Big Four” international audit company.

Aisulu Narbayeva owns a qualification certificate of an auditor of the Republic of Kazakhstan and the United States qualification of Certified Public Accountant (CPA) of the American Institute of Certified Public Accountants (AICPA).

Aisulu Narbayeva is known in Kazakhstan for her professionalism, deep knowledge of the best international business practices. Appointment of Aisulu Narbayeva demonstrates commitment of Baker Tilly global network to further expansion and provision of the customers of Baker Tilly with the services of the highest international quality standards.

News

December 2016

IFRS9 KZ

On 14th of December 2016 in collaboration with our colleagues from Baker Tilly Russia and Baker Tilly Moldova we held the round table on “IFRS 9 “Financial Instruments”. All interested specialists from banking industry were invited. During the round table the following issues were discussed: the main purpose of IFRS 9 and its differences from IAS 39; impairment models employed in IFRS 9; as well as necessary activities for successful transition to new standard.
As known, in July 2014 the International Accounting Standards Board issued the final version of IFRS 9 “Financial Instruments” were the changes in requirements of classification and valuation of financial instruments and accounting treatment of reserves were introduced.
IFRS 9 introduces model based on expected loan losses for the impairment of financial activities instead of model of incurred loan losses envisaged earlier by IAS 39 “Financial Instruments: recognition and valuation”. In accordance with IAS 39 the entities recognize expected loan losses and its adjustments on each reporting date, so recognizing the changes of credit risk from the date of initial recognition.
For the smooth transition to the new standard the period is required that will allow to adjust the methodology, policies and procedures of classification, accounting of financial instruments and valuation of reserves, to prepare the IT infrastructure and train the employees, to measure the influence of the results and to collect the missing data. Thus, the methodology and procedures of valuation of impairments in accordance with IFRS 9 should be prepared in advance.

News

November 2014

        • We have updated “Doing Business in Kyrgyzstan” due to changes in legislation as of November 2014

          The document contains overview and summary of Kyrgyzstan economy current situation, civil legislation and tax code as at November 2014.

          The report is available in English and Russian languages.

        • We are happy to introduce you Baker Tilly Bishkek website in Kyrgyz language – http://bakertilly.kz/?lang=bg. From now on you can familiarize yourself with our Company profile and Services we provide in Kyrgyz language.
        • Baker Tilly Bishkek published the eigth issue of Tax Alert – a publication of recent changes in Tax legislation of Kyrgyz Republic as of October 2014. You can download it on Publications page.

October 2014

        • Baker Tilly Bishkek has updated its periodical publication “Tax comparative table – Central Asia” due to changes in legislation as of October 2014. You can download Russian and English versions of the Comparative table at Publications page.
        • Baker Tilly Bishkek published the seventh issue of Tax Alert – a publication of recent changes in Tax legislation of Kyrgyz Republic as of September 2014. You can download it on Publications page.

August 2014

        • Baker Tilly Bishkek staff participated in the Workshop on USAID’s Financial Audit Program for CPA Firms held in Almaty (Kazakhstan). Certificicates on completion of the course were issued to our auditors.
        • Baker Tilly Bishkek published the sixth issue of Tax Alert – a publication of recent changes in Tax legislation of Kyrgyz Republic as of August 2014. You can download it on Publications page.

June 2014

      • Representatives of Baker Tilly Bishkek participated in 2014 Baker Tilly International EMEA Conference held in Barcelona, Spain. The conference gathered over 150 delegates from Baker Tilly International member firms of the region.

June 2014

        • Baker Tilly Bishkek published the fifth issue of Tax Alert – a publication of recent changes in Tax legislation of Kyrgyz Republic as of June 2014. You can download it on Publications page.

May 2014

        • Baker Tilly Bishkek published the fourth issue of Tax Alert – a publication of recent changes in Tax legislation of Kyrgyz Republic as of May 2014. You can download it on Publications page.

April 2014

        • Baker Tilly Bishkek published the third issue of Tax Alert – a publication of recent changes in Tax legislation of Kyrgyz Republic as of March 2014. You can download it on Publications page.

February 2014

      • Baker Tilly International published global annual review 2013 – A World of Opportunities. For document download please refer to Publications section.
      • Baker Tilly Bishkek published the second issue of Tax Alert – a publication of recent changes in Tax legislation of Kyrgyz Republic as of February 2014. You can download it on Publications page.

January 2014

    • Within the framework of periodical publications Baker Tilly Bishkek updated Doing Business in Kyrgyzstan due to changes in legislation as of January 2014. You might download it in Publications page.

 

    • Baker Tilly Bishkek published short summary of changes in IFRS which might affect preparation of entities’ financial statements for 2013. For document download please refer to Publications section.
    • Baker Tilly Bishkek was officially recognized as ACCA Approved Employer – Trainee Development Stream at Gold Status. The status proves Firm’s high standards of employees’ education and commitment for continuing professional development of its employees.
    • Baker Tilly Bishkek successfully passed USAID accreditation procedures and was listed among eligible firms for providing audit services in the Central Asian Republics.

News

October 2013

  • Representatives of Baker Tilly Bishkek participated in 2013 Baker Tilly International World Conference held in London, UK. The conference gathered more than 470 delegates from Baker Tilly International member firms worldwide.

August 2013

  • Baker Tilly Bishkek informs that on July 29, 2013 new Resolution of the Government of the Kyrgyz Republic #425 “On the procedures of declaration of income and property” was adopt. This Resolution defines the form and the order for preparation and submission of a unified tax declaration by the citizens of the Kyrgyz Republic within the campaign on the legalization of income and property. We remind you that the deadline for submission of the unified tax declaration expires on December 31, 2013.
    The consultants of Baker Tilly Bishkek will be glad to assist you in determining the market value of the declaring property, preparing of declaration, notarizing and submitting to the tax authorities. For more information, please contact +996 312 69 62 32 or contact@bakertilly.kz

July 2013

  • Sultanbek Omurzakov, Senior Auditor of Baker Tilly Bishkek, successfully passed exam and was admitted as a member of Information System Audit and Control Association (ISACA).
  • Tax and Law Magazine published series of the articles on transfer pricing in the Kyrgyz Republic. You can find this article in Publications page.

June 2013

  • Within the framework of periodical publications Baker Tilly Bishkek updated Doing Business in Kyrgyzstan and Tax Comparative Table for the Central Asia due to changes in legislation as of June 2013. You might download Russian and English versions in Publications page.
  • Representative of Baker Tilly Bishkek participates in 2013 Baker Tilly International EMEA Conference held in Copenhagen, Denmark. The conference gathering 150 delegates from Baker Tilly International member firms of the region.
  • Employees of the Firm participate in passing summer session within the framework of ACCA international accounting certification in Almaty. Education and participation in the examinations is integral part of the Firm’s employees’ professional growth.

May 2013

  • Baker Tilly Bishkek concluded a number of agreements for audit services of banking institutions in the Kyrgyz Republic and Turkmenistan.
  • The first of a series of the articles on transfer pricing in the Kyrgyz Republic has been published in the magazine Taxes and Law. You can find this article in Publications page.

January 2013

  • Baker Tilly Bishkek will provide specific IFRS and Tax trainings for mining companies and financial institutions in response to changes in IFRS and new legislation requirements. The trainings are planned to be performed on 13-15 February, 2013, in Bishkek.

News

December 2012

  • American University of Central Asia in collaboration with Baker Tilly Bishkek organizes Winter Cup AUCA on mini-soccer among employees, alumni and students of the AUCA.
  • Baker Tilly Bishkek and Legal Firm ARTE with the support of the Chamber of Commerce and Industry of the Kyrgyz Republic organized one-day seminar “Intellectual Property and Business”. Our representative made a presentation on topic “Taxation of objects and transactions of intellectual property in Kyrgyzstan”.
  • Our partner in Turkmenistan Baker Tilly Turkmen has launched a new website: www.bakertilly.tm

November 2012

  • Baker Tilly Bishkek successfully completed audit engagements of the largest financial institutions in Turkmenistan. Baker Tilly Bishkek and its partner company Baker Tilly Turkmen, which recently obtained an audit license, consider increasing collaboration in the local market for upcoming years.

October 2012

  • Representatives of Baker Tilly Bishkek attended 2012 Baker Tilly International World Conference held in Beijing, China. The conference gathered 250 delegates from Baker Tilly International member firms worldwide.
  • Member firms of Baker Tilly International in the Central Asia prepared Tax Comparative Table which summarized overview of main taxes applicable in Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan. Many foreign investors are considering the Central Asia as one market and the overall knowledge and understanding of tax system would be beneficial for them. You might download russian and english versions in Publications page.

September 2012

  • Baker Tilly Bishkek employees participated in internal trainings on Issyk-Kul, Baker Tilly International trainings in Prague (Czech Republic) and registered for the upcoming ACCA examination session. Baker Tilly Bishkek is always committed to professional learning and permanent development of its employees.

August 2012

  • Baker Tilly Bishkek celebrated 3 years anniversary since inception of its operations. In accordance with regulation of the National Bank of the Kyrgyz Republic Baker Tilly Bishkek is now allowed to provide audit services to financial institutions licensed by the National Bank of the Kyrgyz Republic.

June 2012

  • Baker Tilly Bishkek has prepared «Doing Business in the Kyrgyz Republic» catalogue in accordance with the rules established by Baker Tilly International. The document contains overview and summary of Kyrgyz economy current situation, civil legislation and tax code as at June 2012. The catalogue is issued in association with International Business Council and American Chamber of Commerce in Kyrgyz Republic. The document is available in “Publications” section.
  • Baker Tilly International has approved establishment of Baker Tilly office in Turkmenistan by Baker Tilly Bishkek and BT Turkmen. We are looking forward for gaining valuable experience in Turkmenistan and promotion in the new market!

News

December 2011

  • Baker Tilly Bishkek opens tax practice in January 2012 which will be managed and leaded by Yulia Abdumanapova who has significant experience working in international audit firm and tax bodies of the Kyrgyz Republic

November 2011

  • Baker Tilly Bishkek and Baker Tilly Tajikistan within the framework of audit practice development were engaged in audit of financial industry entities in the Kyrgyz Republic and the Republic of Tajikistan in accordance with IFRS and US GAAP
  • Baker Tilly Bishkek become member of leading business associations of the Kyrgyz Republic – International Business Council and American Chamber of Commerce

October 2011

  • Baker Tilly Bishkek was officially approved as consultant within Accounting Initiative Program BASP EBRD for the Kyrgyz Republic. The Program aims to increase quality of financial and accounting information preparation in business entities of our countries, portion of the consulting expenses is reimbursed by the Program.

September 2011

  • Baker Tilly Bishkek is expanding its client portfolio of services for financial and tax outsourcing. The clients list of the Firm now includes one of the world’s leading electronics manufacturer and large American construction company.

June 2011

    • We are glad to announce that Baker Tilly Tajikistan was accredited by EBRD BAS Programme as eligible professional contactor for accounting services in accordance with IFRS.
    • For compliance with legislation of the Kyrgyz Republic and the Rules of Baker Tilly International, “Baker Tilly” LLC was renamed and re-registered as “Baker Tilly Bishkek” LLC (brandname Baker Tilly Bishkek).
    • Baker Tilly Kyrgyzstan has been registered as anACCA Approved Employer – Trainee Development stream currently at Silver level.
    • Baker Tilly Kyrgyzstan employees have successfully passed another session of exams under ACCAinternational certification. The next exam session is planned in December.

May 2011

  • The audit of the financial statements for the year ended 2010 of one the largest companies working in the telecommunications sphere and several non-for-profit organizations was successfully completed.

February 2011

  • Baker Tilly office in Bishkek has moved to the new office building, now we are located in «Dordoi-Plaza» business centre at Ibraimov street.
  • Baker Tilly Kyrgyzstan employees have successfully passed first exams under ACCA international certification. The next exam session is planned in June.

January 2011

  • The audit for 3 years of the financial statements of municipal transport entity in Bishkek city was successfully completed, under the financing provided by European Bank for Reconstruction and Development.

News

December 2010

  • The audit for 3 years of the financial statements of municipal entity in Osh city was successfully completed, under the financing provided by European Bank for Reconstruction and Development.
  • Also our auditors have been passing exams of first study session under the ACCA Qualification in Almaty. The education and passing the examinations is integral part of iTrust employees’ professional growth.

November 2010

  • The audit for 3 years of the financial statements of municipal entity in Jalal-Abad city was successfully completed, under the financing provided by European Bank for Reconstruction and Development.

October 2010

  • Our company has acquired audit license to conduct activities in Tajikistan. At this time we started hiring process and searching the clients in Republic of Tajikistan.
  • Also we have issued the first issue of IFRS Newsletter, representing information on additions and improvements to the International Financial Reporting Standards. You can download our newsletter in “Publications” page.

August-September 2010

  • Audit for 3 years of the financial statements of major transportation company was successfully completed, under the financing provided by European Bank for Reconstruction and Development.

July 2010

  • Director of the Company Kubat Alymkulov successfully passed all 14 exams for the certified accountant of the Association of Chartered Certified Accountants (ACCA). Meanwhile, other employees were successfully registered for ACCA exam session in December.ACCA Site
  • Also, a friendly team of auditors and accountants of «iTrust» spends an unforgettable weekend on the shores of Issyk-Kul Lake, combining a relaxing holiday with professional audit training sessions.

June-July 2010

  • Employees of «iTrust» are involved in audit of financial statements of several large projects, financed by international financial institutions in Republic of Tajikistan.

January-April 2010

  • The final audit of NBKR and commercial banks in Tajikistan.

News

December 2009

  • Consultations with several large companies are held on providing audit services in 2010, corporate New Year event is celebrated.

November 2009

  • Our specialists are involved in audit of National Bank of Kyrgyz Republic.

October 2009

  • The leading members of the Company received audit certificates, issued by Committee on Review and Regulation of the financial market of the Kyrgyz Republic. The realization of first audit projects began in Republic of Tajikistan.

September 2009

  • The license on audit services was issued by Committee on Review and Regulation of the financial market of the Kyrgyz Republic.

August 2009

  • Audit and assurance company «iTrust» is registered under the legislation of the Kyrgyz Republic. «iTrust» recruiting people.

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