The introduction of a system of universal declaration of income and property of individuals in Kazakhstan is being implemented in four stages, with the first stage scheduled to begin in 2021.
To date, more than 4 million individuals have entered the universal declaration system, including civil servants, heads of the quasi-public sector, business representatives and their spouses.
Stage 4, which is scheduled for completion by 2025, will extend the requirements to encompass the remaining categories of citizens. This is estimated to encompass approximately 8 million individuals, including employees of private structures, pensioners, homemakers, students, and others.
In the course of implementing the instructions of the Head of State on the revision of approaches to universal declaration, it is proposed to exempt this category of citizens from submitting declarations of assets and liabilities, with the exception of persons with assets outside the country.
The digitisation of government databases, a high proportion of non-cash payments (86%), automated tax control, the exchange of data on financial accounts under international agreements, and the widespread availability of digital services, are facilitating this process.
It is estimated that this measure will apply to over 90% of individuals in this category.
To address the existing assets of individuals, a mechanism will be established to obtain information from all digital databases, including second-tier banks.
However, if individuals have the opportunity to purchase property in excess of 20,000 MCI (78.6 million tenge), it would be beneficial for them to disclose information about the sources of cost coverage.
At the same time, citizens have been granted the right to declare voluntarily.
The annual declaration is maintained for civil servants, managers, founders of quasi-public and private companies, their spouses, as well as for persons who have assets outside the Republic of Kazakhstan and (or) have received income taxable independently.
Which categories of individuals submit a declaration of assets and liabilities in 2025
In accordance with the recent amendments to legislation, individuals falling into the following categories are obliged to submit a declaration of assets and liabilities (TRF 250.00):
-citizens and residents of the Republic of Kazakhstan with property abroad;
-individuals engaged in private practice (e.g. lawyers, notaries, mediators, private bailiffs);
-candidates for elected and public positions;
-individuals who wish to become major participants in banks, the securities market, and insurance organisations.
Assets to be declared abroad:
In terms of financial assets, the following should be declared:
- real estate and vehicles;
- funds in accounts with foreign banks, if their amount exceeds 1,000 MCI (3,692,000 tenge);
- investment and precious metals;
- participation in foreign companies or housing construction;
- securities, derivative financial instruments;
- funds in brokerage accounts;
- objects of intellectual property and copyright;
- digital assets;
- accounts receivable/payable;
- property worth over 1,000 MCI (3,692,000 tenge) (antiques, luxury goods, etc.). The final date to submit the declaration is from 1 January to 15 September 2025 inclusive. The declaration can be submitted electronically in one of the following ways:
-through the taxpayer's account on the Cabinet.salyk.kz website;
-through the E-Government portal on the egov.kz website;
-through the mobile applications "e-Salyq Azamat", "eGov mobile", Kaspi.kz, Halyk, Вcc.kz.
Which categories of individuals will have to submit a declaration of income and property?
It is anticipated that the requirement to submit a declaration of income and property (TRF 270.00) will be applicable to the following categories:
- Civil servants and persons categorized as equivalent (including the heads and founders of the quasi-public sector) and their spouses;
- Major participants in banks, the securities market, insurance organisations and their spouses;
- Heads and founders (participants) of commercial organizations (in JSC over 10% or more of the voting shares) and their spouses;
- Persons engaged in private practice;
- Persons with property abroad (similar to the procedure for submitting f.240.00) persons who have received income that is taxable independently, with the exception of income of sole proprietors;
- persons who have money in foreign banks over 1000 MCI;
- persons who have acquired large property with a total value of over 20,000 MCI in the Republic of Kazakhstan and outside the Republic of Kazakhstan.
The declaration of form 270.00 cannot be submitted before 15 September of the year, therefore, for the reporting calendar year at the place of residence. The declaration can be submitted through the web portals "Taxpayer's account", "E-government", mobile applications "e-salyqaz", "e-gov.mobile", Halyk, Bank Centercredit, Kaspi.kz.
For individuals without access to the internet, a hard copy of the declaration can be submitted by mail or personally.