Important changes in tax legislation of Republic Kazakhstan

10.09.2024

Source: Paragraph

02.07.2024

Reduction of the property tax rate for organisations holding international exhibitions

From 1 January 2024 to 1 January 2029, organisations engaged in preparing and holding international specialised exhibitions in Kazakhstan may apply a property tax rate of only 0.1%.

However, if such organisations lease, trust or rent their facilities, they will have to pay property tax at the rate of 1.5%.

It is important to note that these organisations are legal entities with 100% state participation. Their main objective is to hold international exhibitions in Kazakhstan and to use exhibition space.  

The change is valid from 1 January 2024 to 1 January 2029.

 

Source: Paragraph

02.07.2024

Exemption from the obligation to submit an income tax return: amendments to the Tax Code 

According to the amendments to the Tax Code, effective from 1 January 2023 to 1 January 2024, non-residents employed by government agencies and their spouses, as well as quasi-public sector employees and their spouses, are exempt from submitting the Declaration of Assets and Liabilities (unless they fall into certain categories).

From 1 January 2024 to 1 January 2025, the same rules will apply with certain exceptions for non-residents who are founders and shareholders of non-profit organisations, including:

  • employees of state institutions and their spouses, as well as employees of quasi-public sector entities and their spouses;

  • heads and founders of legal entities and their spouses, individual entrepreneurs and their spouses.

The declaration of income and assets is submitted annually as of 31 December of the reporting tax period, starting from the year following the year of submission of the declaration of assets and liabilities.  

The amendments entered into force on 13.07.2024.


Source: State Revenue Committee of the MF RK (www.kgd.gov.kz/ru)

18.09.2024

Consignment notes for goods and electronic VAT-invoices: amendments and additions to the electronic VAT invoice information system

We inform you that Order of the Minister of Finance of the RK № 619 dd. 11 September 2024 has introduced changes and additions to the information system of electronic VAT-invoices on the registration of accompanying consignment notes for goods and the issuance of electronic VAT-invoices:

  • Voluntary use of commodity codes (GTIN or other) is introduced.
  • From 1 December 2024, it will be mandatory to issue an electronic VAT-invoice for the sale of liquefied petroleum gas.
  • From 1 January 2025, it will be mandatory to fill in the ‘Net Weight’ column when importing/exporting goods within the EAEU (until this date, filling in is voluntary).
  • The electronic VAT-invoice form has been optimised: section K, which consisted of subsections K, K1, K2, K3 and K4, has been replaced by a new section and reduced by 29 columns.