Do you know how many times a declaration of assets and liabilities is submitted?

Do you know how many times a declaration of assets and liabilities is submitted?

The declaration of Assets and Liabilities (Form 250.00) is submitted once. The status of the declaration is initial. The initial declaration is the one you submit the first time you have such an obligation.

However, there are exceptions. (paragraph 4 of Article 630 of the Tax Code)

The first case is when you are a person who is responsible for submitting a declaration in accordance with the Constitutional Law of the Republic of Kazakhstan "On Elections in the Republic of Kazakhstan" and the laws of the Republic of Kazakhstan "On Combating Corruption", "On Banks and banking activities in the Republic of Kazakhstan", "On Insurance activities", "On the market securities".

For example, if you previously submitted an initial declaration of 250.00, and subsequently you became a presidential candidate, deputy, judge or civil servant. In this case, at the beginning of your duties as a candidate, you must submit another declaration.

The second case is when you submit additional tax reports provided for in Article 211 of the Tax Code. For example, if you forgot to specify any property or money in the initial declaration. In this case, you have the right to submit an additional declaration of assets and liabilities, in which you can reflect these changes or additions.

It should be noted that according to subparagraph 7) of paragraph 5 of Article 211 of the Tax Code, amendments and additions to the relevant tax reporting are not allowed:

in terms of reflecting in the declarations of individuals the debts of other persons to an individual (accounts receivable) and the debts of an individual to other persons (accounts payable) formed by the relationship that arose with an individual, except for debts on transactions notarized in the Republic of Kazakhstan before the beginning of the year in which the obligation arose to submit a declaration of an individual persons, as well as debts recognized by a court decision.

As you can see, a declaration of assets and liabilities is not only a right, but also an obligation of every citizen. Therefore, you need to comply with the deadlines and the procedure for submitting declarations in order to avoid fines and other sanctions. If you have any questions or difficulties, you can contact professional consultants at 1414, who will help you with this.

            Department of State Bodies for the district of Beimbet Mailin