CHANGING THE TERMS OF ENFORCEMENT OF TAX OBLIGATIONS TO PAY TAXES AND (OR) THE PAYMENT BASIS FOR THE TERMINATION OF THE TAX OBLIGATION.

For the attention of taxpayers.

The State Revenue Department for East Kazakhstan Region, reminds of the possibility of obtaining a deferred / installment payment of taxes, within the the Tax Code, as well as the application of the rehabilitation and the debt restructuring procedure under the Law of the Republic of Kazakhstan «On rehabilitation and bankruptcy».

Individual entrepreneurs and legal entities, whose financial situation does not allow to pay taxes (or) fees within the established period, may be granted a delay or payment in installments (change in the terms of performance of the tax obligation to pay taxes and (or) fees.

Changes in the terms of enforcement of the tax obligation to pay taxes and (or) fees are made by mortgaging the property of the taxpayer and (or) a third party, and (or) under a bank guarantee.

According to Article 51 of the Tax Code, a deferral or installment payment of taxes and (or) fees may be granted to a taxpayer whose financial situation does not allow to pay taxes and (or) fees within the prescribed period, but there are substantiated grounds for believing that possible payment will arise during the period for which the deferral or installment payment is granted.

Deferment or tax payment in installments is changing the terms of taxes and fees payment, if there are grounds provided for in Article 51 of the Tax Code, respectively, with lump or phased payment of the amounts of taxes and (or) fees.

Deferment with a lump payment of taxes and (or) fees is granted for a period not exceeding six months.

Installments with monthly or quarterly payment of taxes and (or) payments in equal parts are provided for a period not exceeding three years.

Deferment or installment may be granted for one or more taxes and / or fees.