Entrepreneurs have finally decided which tax regime they will operate under going forward.
More than 1.2 million entrepreneurs chose the special tax regime based on a simplified declaration. This is the most popular regime among small and medium-sized businesses.
Who is eligible for the simplified declaration?
Annual income up to 600,000 MCI (approximately 2.6 billion tenge).
Advantages of the regime:
No restrictions on the number of employees, which encourages legal employment;
Unified CIT/PIT rate – 4% (local councils can decrease or increase the rate by up to 50%);
Exemption from VAT;
Tax declaration and payment twice a year.
These conditions make running a business simpler and more predictable.
Additionally, 346,000 citizens are using the special regime for self-employed individuals, including 265,000 new participants. This means that 265,000 people have moved from the “shadow” economy and now operate officially.
Who can use the self-employment regime?
Monthly income up to 300 MCI (about 1.3 million tenge);
No hired employees;
Not registered as an individual entrepreneur;
Conducting permitted types of activities (40 types);
Citizens of Kazakhstan and their relatives who previously worked under a patent or through a special mobile application.
Advantages:
No need to register as an individual entrepreneur;
Exemption from personal income tax;
A single social contribution of 4% of income, which includes pension, social, and medical contributions.
This regime allows people to work officially, build pension savings, and receive social protection.
The completion of the transition period has helped create a transparent and up-to-date structure of taxpayers and made the system more understandable for businesses and citizens.