Decree No. 1670 of 21st december 2001 of the Government of the Republic of Kazakhstan Concerning the Draft Law of the Republic of Kazakhstan «Concerning the introduction of amendments and additions to the Edict of the President of the Republic of Kazakhstan, having the force of the law, «Concerning accounting»

Decree No. 1670 of 21st december 2001 of the Government of the Republic
of Kazakhstan Concerning the Draft Law of the Republic of Kazakhstan
"Concerning the introduction of amendments and additions to the Edict of
the President of the Republic of Kazakhstan, having the force of the law,
"Concerning accounting"

The Government of the Republic of Kazakhstan decrees:

That the draft of the Law of the Republic of Kazakhstan "Concerning the Introduction of Amendments and Additions to the Edict of the President of the Republic of Kazakhstan, Having the Force of the Law, "Concerning Accounting" shall be submitted for the consideration of the Majilis of the Parliament of the Republic of Kazakhstan.

Prime Minister of the

Draft

Law of the Republic of Kazakhstan "Concerning the introduction of

amendments and additions to the Edict of the President of the Republic

of Kazakhstan, having the force of the law, "Concerning accounting"

Article 1. The following amendments and additions shall be introduced to the Edict No. 2732 of 26th December 1995 of the President of the Republic of Kazakhstan, having the force of the Law, "Concerning Accounting" (Bulletin of the Supreme Soviet of the Republic of Kazakhstan, 1995, No. 24, i. 171; Bulletin of the Parliament of the Republic of Kazakhstan, 1997, No. 13-14, i. 205; 1999, No. 20, i. 727):

1. The headline shall be stated in the following wording:

"Law of the Republic of Kazakhstan "Concerning Accounting and Financial Reports";

2. In the text the words "this Edict", "of this Edict", "by this Edict", "to this Edict" shall be replaced by the words "this Law", "of this Law", "by this Law", "to this Law".

3. In the headlines of chapters the figures "I", "IV" and "V" shall be replaced by the figures "1", "4", "5".

4. The preamble shall be stated in the following wording:

"This Law defines the accounting system in the Republic of Kazakhstan, establishes general principles, qualitative characteristics and general rules which must be observed during the process of keeping accounting, preparation of financial reports by legal entities which are residents of the Republic of Kazakhstan, by branches and representative offices of non-residents which are registered in the territory of the Republic of Kazakhstan (henceforth - organisations), and individual entrepreneurs which are subject to the compulsory state registration at the tax body (henceforth - entrepreneurs).".

5. Articles 1 and 2 shall be stated in the following wording:

"Article 1. The Sphere of this Law