On the fulfillment of tax obligations when renting out housing
The Department of State Revenue in the North Kazakhstan region reminds persons renting out housing about the need to fulfill tax obligations.
Landlords who are not registered as an individual entrepreneur (hereinafter - IE), in accordance with the conditions of application, can fulfill tax obligations by paying a single aggregate payment (hereinafter - SAP) or by submitting an individual income tax declaration (hereinafter - IIT).
At the same time, each of the methods has its own advantages and limitations on application.
Declaration on IIT for individuals
Individuals who rent out housing and are not registered as sole proprietors annually, no later than March 31 of the year following the reporting tax period, submit a declaration on IIT (form 240.00) and pay IIT in the amount of 10% of the income received no later than ten calendar days after the deadline set for submitting the declaration.
Individuals can submit a declaration on IIT (form 240.00) through the mobile application "E-Salyq Azamat" or through the Taxpayer's Office on the web portal cabinet.salyk.kz .
If housing is rented to a tax agent (IE, a person engaged in private practice, a legal entity, its structural divisions, a non-resident legal entity), calculation, withholding and payment to the budget of the IIT are carried out at the source of payment by the tax agent.
SAP payers
Individuals can fulfill tax obligations by paying the SAP in the amount of 1 MCI for residents of cities of republican and regional significance, the capital and 0.5 MCI for residents of other settlements. Such individuals will be recognized as SAP payers from the day on which the payment was made until the last day of the month for which the payment was made. At the same time, the amount of income for the calendar year of the ESP payer should not exceed 1,175-fold MCI.
Responsibility for failure to submit tax reports on time
In accordance with Articles 272 and 275 of the Code of Administrative Offences of the Republic of Kazakhstan, failure to submit tax reports, as well as concealment of taxable items and other property subject to reflection in tax reporting, entails administrative penalties, including in the form of a monetary fine.