According to the amendments and additions made to the Code of the Republic of Kazakhstan "On Taxes and Other Mandatory Payments to the Budget", in order to support small businesses during pandemics, a special retail tax regime was introduced from January 1, 2021 to December 31, 2022.
The specified taxation regime provides for a limit on the number of employees, which is 250 employees, as well as income for the tax period should not exceed 8.0 billion tenge.
At the same time, taxpayers engaged in entrepreneurial activity on the basis of retail tax, in case of exceeding thirty thousand times the MCI, are exempt from registration as a VAT payer.
The tax period for the application of a special retail tax regime is a calendar quarter.
Declarations for taxpayers applying a special retail tax regime are submitted to the tax authority at the taxpayer's location no later than the 15th day of the second month following the reporting tax period.
The taxes specified in the declaration for taxpayers applying the special retail tax regime are paid to the budget no later than the 25th day of the second month following the reporting tax period.
The calculation of corporate or individual income tax, with the exception of taxes withheld at the source of payment, when applying a special retail tax regime is carried out by the taxpayer independently by applying a rate of 3 percent to the object of taxation for the reporting tax period.
It should be noted that taxpayers engaged in entrepreneurial activity on the basis of retail tax after the expiration of the term of application of this regime, i.e. from January 1, 2023, are not entitled to apply special tax regimes for small business entities.