Administrative liability inexcess of corporate income tax over the amount of advance payments

According to the Article 305 of the Code of the Republic of Kazakhstan "On taxes and other mandatory payments to the budget" dated December 25, 2017 No. 120-VI (as amended and restated as of January 02, 2024), taxpayers received cumulative annual income, taking into account adjustments for the tax period preceding the previous tax period exceeding the amount equal to 325,000 times the amount MCI are required to pay advance payments no later than the 25th day of each month

At the end of the tax period, if the amount of corporate income tax on the declaration exceeds the amount of advance payments by 20 percent, then a fine of 20 percent of the amount of exceeding it comes in accordance with paragraph 3 of Article 278 of the Code of Administrative Offences of the Republic of Kazakhstan (hereinafter - the CoAO RK) "Excess of the amount of actually calculated corporate income tax for the tax period over the amount of calculated advance payments payments during the tax period in the amount of more than twenty percent, if this act does not have evidence of criminally punishable act,  it entails a fine of twenty percent of the amount exceeding the actual tax.

For the purposes of paragraph 3 of Article 278 of the the CoAO RK, a person is also subject to administrative liability in case of non-submission of advance payments on corporate income tax during the tax period, which are subject to submission in accordance with the tax legislation of the Republic of Kazakhstan. In this case, the calculated amount of advance payments is equal to zero.