Tolganay Botakanova

Provided leadership and coordination for a holding company on financial, tax, and regulatory matters; contributed to the development of corporate strategy. Managed a comprehensive restructuring of the holding’s structure, which included 16 companies across various sectors (finance, telecommunications, warehousing logistics, retail, and food production). Implemented a systematic approach to resolving intercompany debt and tax liabilities, reducing total obligations by USD 3 million.

Oversaw operations of one of Kazakhstan’s largest holding companies investing in the financial sectors of Kazakhstan and Kyrgyzstan. Managed business processes and operations including accounting, financial and tax reporting, annual financial audit coordination, budget planning and analysis, legal matters, and HR management. Ensured compliance with regulatory requirements and risk management frameworks.

- Directed premium corporate banking services. Spearheaded the merger of First Heartland Bank with one of Kazakhstan’s largest bank, completing the process in 5 months (vs. industry standard of 2+ years).

Managed the company’s operational activities and business processes, including accounting, financial and tax reporting, coordination of the annual financial audit, budgeting and analysis, legal matters, and HR management.

Directed the Committee’s work in tax legislation development and interpretation across all types of taxes, fees, international taxation, special regimes, and tax administration. Made decisions on taxpayer appeals regarding tax audit results; coordinated international cooperation on tax information exchange under international agreements:

- Led the development of the Tax Code of the Republic of Kazakhstan, over 20 tax-related legislative initiatives, and Tax Code commentaries.

- Developed the conceptual and legislative framework for implementing the individual income tax declaration system.

- Represented Kazakhstan in international tax negotiations, including cooperation with the U.S. IRS on double taxation treaties.

- Represented the Kazakh tax authority in interactions with OECD, IOTA, and the International Tax and Investment Center (USA). Contributed to the Tax Committee’s admission as a full IOTA member in 2012.

- Co-chaired the World Bank–supported working group on reforming Kazakhstan’s tax administration system

Engaged in macroeconomic monitoring and socio-economic analysis to support the development of national strategies and to forecast state budget revenues.