The payers of advance payments are taxpayers whose total annual income, taking into account adjustments for the tax period preceding the previous tax period, exceeds the amount equal to 325,000 times the amount of the MCI established by the law on the republican budget and effective on January 1 of the fiscal year preceding the previous fiscal year, unless otherwise provided by this paragraph;
The amount of advance payments is provided according to two forms of tax reporting on (TNF 101.01) before the declaration is calculated (accrued) for the first quarter of the reporting tax and is submitted before January 20 of the current year
The amount of advance payments after delivery (TNF 101.02) is calculated in the amount of three-quarters of the amount of corporate income tax calculated for the previous tax period. This form is submitted by April 20 of the current year.
Taxpayers have the right to submit an additional calculation of advance payments after the declaration no later than December 31 of the reporting tax period based on the estimated amount of corporate income tax for the current tax period.
The amounts of advance payments after the declaration, taking into account the adjustments indicated in the additional calculations of advance payments after the declaration, cannot have a negative value.
In cases if the amount of the CPN at the end of the year exceeds the amount of calculated advance payments by more than 20%, then an administrative fine is imposed on the taxpayer from the amount of excess by 20% under Article 278 Part 3 of the Administrative Code of the Republic of Kazakhstan.
Chief Specialist of the Department of Administration of Legal Entities of the State Revenue Department for the Enbekshikazakh district Kudaibergen B.T.