How to close a sole-proprietorship in Kazakhstan

What documents is it necessary to submit to the state revenue authorities to cease the business activity of an individual entrepreneur? What sole proprietors can cease their activities  under a simplified procedure? These questions were answered by the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan.

 

The tax authority shall remove an individual from  the register as an individual entrepreneur and a person engaged in private practice, provided that there are no outstanding tax obligations.

An individual entrepreneur or a person engaged in private practice,  in the event of a decision to  terminate the activity, simultaneously submits the following documents at the location of  tax authority:

1) tax application for termination of activity;

2) Notification of the beginning or termination of activities as a taxpayer performing certain activities;

3) liquidation tax reports;

4) tax application for deregistration of the cash register (if any).

 

Closing a sole proprietorship under a simplified procedure

Termination of the activities of certain categories of individual entrepreneurs under a simplified procedure is carried out without conducting cameral control.

To cease the activity under a simplified procedure, an individual entrepreneur must satisfy the following conditions::

1) do not be registered as a VAT payer;

2) not to perform activities in the form of joint ventures;

3) not to perform certain types of activities, (production of gasoline (except aviation), diesel fuel, wholesale and (or) retail sale of gasoline (except aviation), diesel fuel, production of ethyl alcohol and (or) alcoholic beverages, wholesale and (or) retail sale of alcoholic beverages, production and (or) wholesale sale of tobacco products, gambling, electronic trade in goods).

4) not appear on tax audit plan or in the list of random tax audits based on the results of the risk assessment system activities, or not included in the semiannual schedule of tax audits conducted in a special order based on the risk assessment;

5) to have no ordinary debts on taxes and social payments;

6) not to have a high level of risk under the risk management system.

 

So let's take the first way:

In the event of a decision to terminate the activity of an individual entrepreneur, it is necessary to submit following documents at the location of  tax authority:

1) tax application for termination of activity;

2) tax application for deregistration of the cash register (if any).

A tax application for termination of activity can be also submitted online through the taxpayer's office.

Liquidation tax reports are prepared by the types of taxes, payments to the budget and social payments for which an individual entrepreneur who ceases to operate is a payer or a tax agent, for the period from the beginning of the tax period in which the tax application for termination of activity is submitted to the date of submission of such an application.

After that, it will be removed from the registration register as an individual entrepreneur 

The second way:

Also, under a simplified procedure, the tax authority shall terminate the activities of sole proprietors working under a patent, if the next calculation of the patent value is not submitted within sixty calendar days:

- from the date of expiration of the patent;

- after the end of the suspension period. 

Information about the removal of an individual entrepreneur or a person engaged in private practice from the registration register will be posted on the Internet resource of the authorized body www.kgd.gov.kz in the tab « Electronic services / Search for taxpayers», as well as in a mobile app Е-SalyqAzamat within three working days from the date of removal of such taxpayers from the register.