Never ever come to Kazakhstan if you invest/trade

Non pro trader. If I created a company, it would probably not be a problem.

However not sure if companies are exempt from this law.

 

I would like to see whether the claimed really applies also to Wyoming. I doubt.

 

https://adilet.zan.kz/rus/docs/V1800016404 here's the list of all states and countries.

 

To be honest I would not believe either. Funny thing is they used to have state Delaware a few years back. If they didn't remove it, i would be definitely bankrupt

 

What are you going to do as next? Appeal the decision?
Btw. was it an official decision of the tax office at all, or just the opinion or interpretation of the E&Y person?
Or is this maybe just some political opposition play?...
In such countries you better should be a little bit careful in what you publicly say about the govt and the laws of the country...

 

I don't know yet, I found out about it yesterday and still in awe. It wasn't an official tax decision. But the way the law works in my country. I need to submit my declaration and pay the taxes. After that if they check it and find out that if I did not take into account the clause then I will be changed 300% of the initial tax and might face a jail time

 

IB and other brokers report account value and all sales to the OECD. Tax authorities then access this data.

 

Set up a company in Dubai or Singapore and trade through that with a vpn.

 

Most likely IB doesn't send any info to my government. Moreover, my government was so dumb that they once blocked IB in Kazakhstan, saying that it's a scam. Furthermore they declared CME exchange as a scam. Meanwhile ther are tons of real financial piramids in my country that they do nothing about

 

IMO, you are doing it the wrong way! You have to talk to the tax office directly, and get an official answer.
You should build a friendly relation with the tax office, they are not your enemy per se.