MEMO on the universal declaration of
On the basis of Article 45-1 of the Law of the Republic of Kazakhstan dated December 25, 2017 No. 121-VI of the SAM "On the introduction of the Code of the Republic of Kazakhstan "On Taxes and Other Mandatory Payments to the Budget" (Tax Code)", universal declaration in Kazakhstan is introduced from January 1, 2021.income and property of individuals for 2021.
Declaration form – Form 250.00 "Declaration of assets and liabilities of an individual".
By whom is the Declaration of Assets and Liabilities of an individual submitted in 2021?
Starting from January 1, 2021, the declaration is submitted by the following persons who are on January 1 of the year of submission of the declaration:
- persons holding a responsible state position and their spouses;
- persons authorized to perform state functions and their spouses;
- persons equated to persons authorized to perform state functions, and their spouses;
- persons who are obliged to submit in accordance with the Constitutional SAM "On Elections in the Republic of Kazakhstan" and SAM "On Combating Corruption", "On Banks and Banking Activities in the Republic of Kazakhstan", "On Insurance Activities", "On the Central Bank Market".
Deadline for submitting the Declaration of Assets and Liabilities of an individual:
On paper - no later than July 15, 2021;
In electronic form-no later than September 15, 2021.
Methods of submitting a Declaration of assets and liabilities of an individual:
In electronic form-via the web-portal of the State Revenue Committee "Taxpayer's Office" (cabinet.salyk.kz), E-government portal (egov.kz), as well as through the eSalyk azamat mobile apps.
On paper - to the state revenue authorities in person or by registered mail.
Where to submit Declarations of assets and liabilities of an individual:
Individuals (with the exception of individual entrepreneurs and persons engaged in private practice, for example, the spouse of a civil servant) submit a declaration at their place of residence.
Individual entrepreneurs and persons engaged in private practice submit a declaration at their location.
Information reflected in the Declaration of Assets and Liabilities of an individual:
The declaration of assets and liabilities of an individual is intended to reflect:
- Property outside the Republic of Kazakhstan:
- real estate, land plots and (or) land shares, air and sea vessels, inland water navigation vessels, river-sea navigation vessels»; *
- vehicles, special equipment and / or trailers;
- money in bank accounts with foreign banks located outside the Republic of Kazakhstan in the amount that collectively exceeds 1000 times the monthly calculation index established by the law on the republican budget and effective as of December 31 of the reporting tax period for all bank deposits
- the share of participation in the authorized capital of a legal entity established outside the Republic of Kazakhstan.
Property both in the Republic of Kazakhstan and abroad:
- share in a residential building under an agreement on shared participation in housing construction;
- securities, derivative financial instruments (with the exception of derivative financial instruments, the execution of which occurs through the acquisition or sale of the underlying asset);
- investment gold;
- objects of intellectual property, copyright;
- cash, which is indicated in an amount not exceeding the limit of 10,000 times the monthly calculation index established by the law on the republican budget and effective as of December 31 of the year preceding the year of submission of the declaration on the assets and liabilities of an individual;
- debt of other persons to an individual (accounts receivable) and (or) debt of an individual to other persons (accounts payable) in the presence of a notarized (certified) contract or other document that is the basis for the obligation or claim, with the exception of debt to banks and organizations engaged in certain types of banking operations established in accordance with the legislation of the Republic of Kazakhstan on banks and banking activities in the Republic of Kazakhstan;
- at the request of an individual, other property may be indicated if the price (value) per unit of this property exceeds 1000 times the monthly calculation index established by the law on the Republican budget and effective as of December 31 of the reporting tax period, if there is a value determined in the assessment report conducted under an agreement between the appraiser and the taxpayer in accordance with the legislation of the Republic of Kazakhstan on valuation activities. Other property does not include property that is subject to state or other registration, as well as property for which rights and (or) transactions are subject to state or other registration.
After submitting the Declaration of Assets and Liabilities of the FL in 2021, from 2022, there will be an obligation to submit an annual Declaration of Income and Property (form 270.00).
Paragraph 1 of Article 356 of the Tax Code provides that for income that is not taxed at the source of payment, the calculation and payment to the budget of individual income tax (hereinafter – IPN) is carried out by an individual independently.
Such income includes:
- Property income (from the rental of housing, from the increase in the value of the sale of property);
- Income of an individual from the sale of property received from sources outside the Republic of Kazakhstan;
- Income from the increase in value when an individual transfers property (other than money) as a contribution to the authorized capital;
- Income from the assignment of the right of claim, including a share in a residential building under an agreement on shared participation in housing construction;
- Other income from sources outside the Republic of Kazakhstan.
In the presence of these types of income, an individual has an obligation to submit a declaration on the IPN (form 240.00).
The declaration on individual income tax is submitted to the tax authority at the place of residence (residence) no later than March 31 of the year following the reporting tax period with the application of the 10% rate and payment of the PII by the deadline no later than 10 days after the deadline for submitting the declaration.