In accordance with Article 726 of the Tax Code of the Republic of Kazakhstan, under the special tax regime based on a simplified declaration, individual or corporate income tax is calculated by the taxpayer independently by applying a rate of 4 percent to the taxable income.
The taxable object is the income received by the taxpayer during the tax period without taking into account expenses.
According to Article 726 of the Tax Code, local representative bodies have the right to reduce or increase the established tax rate by no more than 50 percent, depending on the type of activity and the location of the taxable object. Thus, the tax rate may range from 2 percent to 6 percent. However, the rate cannot be changed individually for specific taxpayers.
Taxpayers applying the special tax regime based on a simplified declaration are exempt from paying social tax and value-added tax (VAT), except for VAT on imported goods and VAT paid for non-residents.
The tax and reporting period is a calendar half-year:
In accordance with Article 727 of the Tax Code of the Republic of Kazakhstan, the simplified declaration (Form 910.00) must be submitted to the tax authority no later than the 15th day of the second month following the reporting tax period.
Accordingly, the declaration is submitted:
for the first half-year — no later than August 15;
for the second half-year — no later than February 15 of the following year.
Payment of taxes indicated in the simplified declaration must be made no later than the 25th day of the second month following the reporting tax period:
for the first half-year — no later than August 25;
for the second half-year — no later than February 25 of the following year.