On the fulfillment of tax obligations when renting out a housing
The State Revenue Department for East Kazakhstan region reminds persons renting out a housing of the need to fulfill tax obligations.
Landlords who are not registered as an individual entrepreneur (hereinafter - IE), according to the conditions of application, can fulfill tax obligations by paying a single aggregate payment (hereinafter - the SAP) or by submitting a declaration on individual income tax (hereinafter - the IIT).
An individual entrepreneur, when renting out a housing, has the right to use a special tax regime (hereinafter -the STR) based on a patent or a simplified declaration when calculating with the budget.
Each of the methods has its own advantages and limitations on the application.
Declaration on individual income tax for individuals
Individuals who rent out a housing and are not registered as individual entrepreneurs annually, no later than March 31 of the year following the reporting tax period, submit a declaration on IIT (form 240.00) and pay the tax in amount of 10% of the income received no later than ten calendar days after the deadline set the submission of the declaration.
Individuals can submit a declaration on IIT (form 240.00) through the mobile application «E-Salyq Azamat» or taxpayer's account on the web portal cabinet.salyk.kz.
If the housing is rented to a tax agent (IE, a person engaged in private practice, a legal entity, its structural divisions, a non-resident legal entity), calculation, withholding and payment of the IIT to the budget are carried out at the source of payment by the tax agent.
SAP payers
Individuals can fulfill tax obligations by paying the ESP in 1 fold amount of MCI for residents of cities of republican and regional significance, the capital, and 0.5 fold amount of MCI for residents of other settlements. Such individuals will be recognized as ASP payers from the day on which the payment was made until the last day of the month for which the payment was made. At the same time, the amount of income for the calendar year of the ASP payer should not exceed 1,175 fold MCI.
IEs applying the STR on the basis of a patent or a simplified declaration
Sole proprietors applying the SNR on the basis of a patent or a simplified declaration calculate the IPN at 1% or 3% interest of the income received, respectively (exempt from paying the IIT until 2023), and also pay social payments (social contributions, mandatory pension contributions, contributions and contributions on compulsory health insurance) at the rates established by the laws « On compulsory social insurance», « On pension provision » и « On compulsory social health insurance ».
Responsibility for failure to submit tax reports on time
According to the Articles 272 and 275 of the Code of the Republic of Kazakhstan «On Administrative Offenses» failure to submit tax reports, as well as concealment of taxable items and other property subject to reflection in tax reporting, results in an administrative fine including in the form of a monetary fine.