Netting off income from the sale of foreign securities
Question: When determining taxable income for 2025 from the sale of foreign securities, is netting off income allowed, including for securities, options, and derivative financial instruments?
Answer: Article 332 of the Tax Code, as amended and in effect as of January 1, 2025, provides for the netting off income from securities registered outside the Republic of Kazakhstan.
Options belong to derivative financial instruments (DFIs), the losses on which are accounted for separately for tax purposes and are not mixed with capital gains on classic securities (stocks).
Thus, when determining income for 2025, netting (accounting for losses) is allowed strictly within homogeneous instruments. Losses from transactions with securities reduce income only from securities.