The property of a legal entity is the totality of tangible and intangible assets owned by it. It is separate from the property of its founders, which ensures the organization’s independent liability. Property is formed from charter capital, business income, contributions of participants, and borrowed funds. A legal entity is liable for its debts with all its property. Founders are generally not liable for the organization’s obligations.
The separation of property is the basis of the legal status of a legal entity. It allows the organization to participate in civil transactions in its own name, conclude contracts, and bear liability.
Taxpayers are legal entities that own taxable objects in the Republic of Kazakhstan under ownership, economic management, or operational management rights, as well as individual entrepreneurs using property for business activities. The taxable objects include buildings, structures, premises, and transmission devices. The tax base for legal entities is the average annual book value of the objects.
For individual entrepreneurs, it is based on accounting data. Tax rates are 0.5% for operating objects and 1% for objects not put into operation. From 2026, it is clarified that property contributed to charter capital is not recognized as income. Enforcement measures are tightened: if debt exceeds 45 MCI, property seizure applies; if over 20 MCI, bank accounts are blocked.