INFORMATIONAL MESSAGE
Innovations of 2023
A single payment has been introduced in Kazakhstan since 01.01.2023.
A new Chapter 89-1 "Single Payment" has been added to the Tax Code since 2023.
A single payment from wages will be able to be applied by individual entrepreneurs and legal entities that are subjects of micro and small businesses that work under special tax regimes (SNR):
SNR based on a simplified declaration;
SNR for agricultural producers.
They also act as tax agents in terms of transferring a single payment from the income of employees.
The single payment includes:
Personal income tax from employees
' income, mandatory pension contributions (OPV),
social contributions,
contributions and deductions for mandatory social health insurance.
The single payment rate is:
from January 1 , 2023 – 20.0 percent;
from January 1, 2024 – 21.5 percent;
from January 1, 2025 – 23.8 percent;
from January 1 , 2026 – 24.8 percent;
from January 1 , 2027 – 25.8 percent;
from January 1, 2028 – 26.3 percent.
For single payment payers, the share of OPV in the single payment rate is:
from January 1 , 2023 – 50.0 %;
from January 1 , 2024 – 46.5 %;
from January 1, 2025 – 42.0 %;
from January 1 , 2026 – 40.3 %;
from January 1 , 2027 – 38.8 %;
from January 1, 2028 – 38.0%.
The deadline for transferring a single payment is monthly no later than the 25th day following the reporting one - through second-tier banks or organizations carrying out certain types of banking operations to the bank account of the State Corporation "Government for Citizens".
The introduction of a single payment should simplify the payment of taxes and other mandatory payments to small businesses working under the SNR, which will now be carried out by a single payment order. It is also a plus that in total the total amount of this payment is less than with a separate payment. At the same time, the tax agent in the relevant declaration independently determines the uniform procedure for taxing the income of employees subject to taxation at the source of payment. The chosen procedure for taxing the income of employees subject to taxation at the source of payment in the initial or regular declaration is not subject to change during the tax period.
The amendments also affected paragraph 3 of Article 16 of the Law of the Republic of Kazakhstan dated June 21, 2013 "On Pension provision in the Republic of Kazakhstan" in terms of increasing, from January 1, 2023, the maximum income used to calculate pension payments by age (solidary pension) from 46 to 55 monthly calculation index (MCI), which will affect both new pensioners entering the system, as well as those who have already taken place.
At the same time, for pensioners who retired before 01.01.2023, the recalculation of the pension will affect only those persons whose average income for 3 years for calculating the pension amount was above 46 MCI.
The minimum amount of the basic pension has also been increased, now it is 24,341 tenge (60% of the subsistence minimum, which is 40,567 tenge in 2023).
In 2022, the minimum amount of the basic pension was 20,191 (54% of the subsistence minimum, which was 37,389 tenge in 2022).
In addition, as already reported, from January 1, 2023, payments from the UAPF to pensioners who went on a well-deserved rest after January 1, 2018 have been increased by 5%.
As a result, the total pension of Kazakhstanis has increased since the beginning of the year.
Another of the innovations - from 01.01.2023 to 01.01.2028, the retirement age of women is 61 years.
UAPF was established on August 22, 2013 on the basis of JSC "NPF "GNPF". The founder and shareholder of the UAPF is the Government of the Republic of Kazakhstan represented by the State Property and Privatization Committee of the Ministry of Finance of the Republic of Kazakhstan. The trust management of pension assets of the UAPF is carried out by the National Bank of the Republic of Kazakhstan. Since January 1, 2016, the functions of developing proposals to improve the efficiency of pension assets management have been transferred to the National Fund Management Council. In accordance with the pension legislation, the UAPF attracts mandatory pension contributions, mandatory occupational pension contributions, voluntary pension contributions, pension payments, individual accounting of pension savings and payments, provides the depositor (recipient) with information on the status of his pension savings (more on www.enpf.kz )