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Outsourcing of financial and tax accounting functions in Kazakhstan
"Choose the right path and keep going"
Outsourcing of financial and tax accounting functions today is not simply a trend in our financial services offering portfolio. It is a robust tool that helps cut costs, improve process efficiency and transparency, and keep errors (and related fines) to a minimum.
EY’s team - with 25 years of experience in Kazakhstan - provides a complete range of services in bookkeeping and financial, tax and management reporting. These take into account all the specific features and nuances of the clients' operations, including the nature of their business, their particular list of taxable items, the volume and type of transactions, etc.
Key service offerings:
As a leading player in the financial services market, EY builds trusted relationship with all clients regardless of geography, size of business, service fees, etc., and remains the reliable business partner and advisor to every EY client both in Kazakhstan and worldwide.
EY practice for outsourcing of financial and tax accounting functions
Accountancy Firm of the Year, 2010, 2012, 2013, 2014, 2015, 2016 at Financial Times & Mergermarket European M&A Awards.
Financial Adviser of the Year, 2013, Infrastructure Journal Awards.
European Tax Compliance and Reporting Firm of the Year, in 2016 for the fourth consecutive year at the annual International Tax Review (ITR) European Tax Awards.
National Tax Firm of the Year in Ukraine, 2015 at the ITR European Tax Awards. EY Ukraine won this category for the fourth time since the launch of the award in 2005.
In 2016 EY was recognized by Universum as the most attractive destination for a career in professional services and ranked third among all employers, in Universum's 50 World’s Most Attractive Employers list.
In 2016, for the 18th year in a row, EY won the Most Admired Knowledge Enterprise (MAKE) award established by the KNOW Network and Teleos.
In March 2014, EY received five awards of the AMCF Spotlight Awards in the following categories: Change Management, Growth Strategies, Developing Markets, New and Digital Media and Operating Model Design.
In May 2015, EY again received AMCF Spotlight Awards in the following categories: Change Management, Corporate Social Responsibility, Growth Strategies, Human Capital, and Project of the Year.
EY has been a reliable partner for many companies outsourcing their accounting and tax functions in Kazakhstan for 25 years now. Our clients’ profiles vary in terms of the nature and volume of their business operations, region of presence, number of statutory reporting forms, etc. EY practice for outsourcing of financial and tax accounting functions is proud of many success stories, one of which is presented below:
Client: a major global FMCG company with a chain of production plants in over 60 countries employing about 100,000 full-time staff.
What we had to do: optimize the report preparation procedures in order to cut costs and release the client’s human resources.
Result: EY team diagnosed existing accounting processes and designed recommendations for optimization. Having analyzed the proposed options, the client decided to outsource accounting, financial reporting and tax accounting and compliance functions to EY.
Value for the client:
- Optimized financial accounting and tax reporting processes
- Confidence that high quality reports will be generated on time
- Availability of human resources for re-allocation as required by the company’s new plans
Feedback from our clients
EY Kazakhstan has been our reliable partner for outsourcing financial and tax accounting for the past six years. EY team has an excellent understanding of our business specifics, does its job at a high quality level and takes full responsibility with the tax authorities. EY Kazakhstan people provide comprehensive support meeting very tight deadlines and complying with all requirements that we set, of which believe me, there are more than a few.
Answering the question why we chose EY, we can say with confidence that rule-governed and well-organized work processes, professional team, agility and focus on mutually beneficial cooperation are real advantages of selecting a reliable business partner. A nice touch were invitations to various training sessions and workshops that EY Kazakhstan organizes and runs both on its own and in collaboration with prominent business venues.
On behalf of our company we would like to express our deep gratitude to EY Kazakhstan and to confirm that we are ready to continue our efficient cooperation in outsourcing of financial and tax accounting functions going forward.”
An international pharmaceutical company
Kazakhstan has many country specific compliance requirements. Find out more in our booklet.
Our services are designed to help national and multinational companies achieve greater visibility and control across the Tax and Finance functions. Find out more in our booklet.
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Partner, Global Compliance and Reporting Services
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Corporate tax, indirect tax, personal taxes, transfer pricing and more for over 150 countries.