On the fulfillment of tax obligations when renting out housing
The Department of State Revenue for the North Kazakhstan region reminds persons who rented housing in 2022 about the need to fulfill tax obligations.
Landlords who are not registered as an individual entrepreneur (hereinafter referred to as sole proprietors), in accordance with the conditions of application, can fulfill tax obligations by submitting a declaration on individual income tax (hereinafter referred to as IPN) or paying a single aggregate payment (hereinafter referred to as ESP).
At the same time, each of the methods has its own advantages and limitations on application.
Declaration on IPN 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 IPN (form 240.00) and pay IPN in the amount of 10% of the income received no later than ten calendar days after the deadline set for delivery declarations.
Individuals can submit a declaration on IPN (form 240.00) through the mobile application "E-Salyq Azamat" or through the Taxpayer's Office on the web portal cabinet.salyk.kz .
If the housing is rented to a tax agent (sole proprietor, 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 IPN are carried out at the source of payment by the tax agent.
ESP payers
Individuals can fulfill tax obligations by paying the ESP 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 ESP 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.