What is important to know about universal declaration?

What is important to know about universal declaration?

The mission: The creation of a society in which all citizens consciously and responsibly participate in the process of universal declaration, contributing to the establishment of fair taxation.

Objective: to create fair taxation. This means that every citizen must pay taxes according to their income.

The income and property control mechanism will help identify those who are trying to evade taxes, as well as corrupt officials.

Assets declared in good faith, both in Kazakhstan and abroad, will serve as confirmation of the legality of the origin of income and property in the future.

Universal declaration is a process that helps identify those who:

He lives on unearned income: that is, he receives money not through official employment.
Moving assets abroad: This means that some people transfer their money or property to other countries to avoid taxes or other obligations.
Works “in the shadows”: this applies to people who do not formalize their activities officially and do not pay taxes.

If you are an honest citizen who follows the laws and regulations, you have nothing to fear. It is important to provide truthful information in the declaration in order to help society and the state.

Declaring assets has several important advantages:

Confirmation of the legality of the origin of income and property: Citizens who declare their assets in good faith can document that their property was obtained legally. This helps to avoid suspicion of illegal enrichment.
Prevention of corruption: Declaration allows you to identify conflicts of interest and illegal enrichment. This helps to prevent corruption among government officials and other public figures.
Public control: Income and property declarations are usually published, which allows the public to monitor the financial activities of government employees. This promotes transparency and accountability.

We see that asset declarations contribute to fairer taxation and strengthen trust in government agencies.

Since 2021, Kazakhstan has been gradually integrating citizens of Kazakhstan into the universal declaration system. We have already passed 2 stages.

At the 1st stage of the universal declaration, the declaration was provided by civil servants, persons equated to them and their spouses. More than 46.0 thousand individuals have submitted Declarations in Almaty.

The 2nd stage took place in 2023 and the system of universal declaration included employees of the quasi-public sector, culture, teachers, doctors, athletes and their spouses. Over 142.0 thousand people submitted declarations in Almaty.

Who is required to submit an "entry" declaration (form 250.00) in 2024 as part of the third stage of universal declaration?

Since January 1, 2024, business representatives and their spouses (managers, founders (participants) of legal entities, individual entrepreneurs) have had obligations to submit a declaration.

At the same time, this obligation also applies to those sole proprietors who have the status of "inactive" and managers (founders) An LLP with a similar status. That is, all sole proprietors and legal entities that are registered in the database of the Ministry of Internal Affairs of the Republic of Kazakhstan as of 01.01.2024 are subject to declaration, regardless of whether they are active or inactive.

Thus, in the city of Almaty, about 400.0 thousand persons, including spouses, are subject to declaration at the 3rd stage.

Who will submit the "entry" declaration in 2025 as part of the fourth stage of universal declaration?

And the last stage 4 will come from January 1, 2025 – this is full entry into the universal declaration system, i.e. all citizens of the Republic, with the exception of minors, will be required to submit a declaration. But in case of minors, it is registered :

- ownership of property outside the Republic of Kazakhstan;

- there is a share in the construction of real estate under an agreement on equity participation in construction, including outside the Republic of Kazakhstan;

- if there are amounts of money in bank accounts in foreign banks located outside the Republic of Kazakhstan that collectively exceed a thousandfold the monthly calculation index for all bank deposits, then legal representatives submit a declaration for them.