Decree of the President of the Republic of Kazakhstan “On measures to ensure social and economic stability”

Decree of the President of the Republic of Kazakhstan

“On measures to ensure social and economic stability”

 

For 2020 it is provided to establish a coefficient of “0” to the tax rates on property of legal entities and individual entrepreneurs for taxation objects used in the entrepreneurial activities implementation in the sphere of tourism, public catering and hotel services in accordance with Paragraph 3 of the Decision of the Government of the Republic of Kazakhstan No. 141 dated on March 27, 2020 “On measures to implement the Decree of the President of the Republic of Kazakhstan dated on March 16, 2020 No. 287 “On further measures to stabilize the economy on tax policy issues” (hereinafter Decision No. 141 dated on March 27, 2020).

In the light of foregoing, if the requirements specified in the Decision No. 141 dated on March 27, 2020 are compliant, a legal entity has the right to apply the coefficient "0" to the property tax rates for taxation items used in the implementation of entrepreneurial activities in the field of tourism, catering and hotel services.

At the same time, in the event that several types of entrepreneurial activities are carried out in the building (parts of the building), including those not specified in Decision No. 141 dated on March 27, 2020, the above-mentioned taxpayers keep separate accounting of objects taxation, in the manner prescribed by Articles 194-195 of the Tax Code in order to apply the coefficient “0” for property tax.