A new special retail tax regime has been introduced for entrepreneurs working in the sectors most affected by the pandemic. Now it is enough for them to pay CPN/IPN in the amount of 3% of the turnover. This measure is introduced as part of the execution of the order of the Head of State and is temporary – its effect will last until the end of 2022.
🔺 As reported in the press service of the state revenue Committee of MF RK, the regime is voluntary, it is provided for the subjects of small and average business, recognized as such in accordance with the Entrepreneurial code of the RK and performing one or more activities identified by the government of Kazakhstan for the purpose of implementing the regime. It is designed for 2 years.
It is noted that the object of taxation is income without expenses, determined in the generally established order.
🔺 For the application of the regime, a tax rate of 3% of the taxable object is established. The tax will be received from individual entrepreneurs in the form of individual income tax (except for taxes withheld at the source of payment), similarly, from legal entities - in the form of corporate income tax.
The tax period is a calendar quarter.
Those who wish to switch to a special retail tax regime will submit their returns to the tax authority at the taxpayer's location no later than the 15th day of the second month following the reporting tax period. They will not be the payer of social tax.
🔺 To switch to the specified regime, the taxpayer must submit a notification of the applicable regime to the tax authority (the form is attached). The transition is made from the 1st day of the month following the month in which the notification of the applicable tax regime is submitted.
предпри At the moment, entrepreneurs can submit a notification in the form posted on the website of the State Revenue Committee, via the e-government web portal, and by mail or directly on paper to the state revenue authorities at the taxpayer's location.
🔺 Later, after approval of the forms of notices to the Ministry of justice will ensure that the transfer of taxpayers submitting notifications about switching to a special tax regime tax retail, at the appropriate time.
Please note that a rule has also been introduced that the turnover of persons applying the special tax regime of retail tax is not included in the minimum turnover established for the purposes of registration for value added tax.
🔺 Those who are payers of value added tax and decide to switch to a special retail tax regime will be removed from the registration register as a VAT payer. To do this, a tax application must be submitted no later than five working days before the start of the application of such a regime.
🔺 Additionally, note that if carried out several activities, including those that are not included in the list defined by the Government decree "On establishment of the List of activities for the purposes of applying the special tax regime tax retail" No. 30, February 2, 2021, in this case, the taxpayer is not entitled to a special tax regime tax retail.
The introduction of a retail tax regime with a single preferential rate and exemption from VAT and social tax is a temporary and necessary support measure for business entities operating in the most affected sectors of the economy, and will allow them to significantly simplify taxation.