Who will submit the "Entry" declaration of assets and liabilities in 2024

Who will submit the "Entry" declaration of assets and liabilities in 2024

The "entrance" declaration of assets and liabilities will be submitted by all those who, as of 01.01.2024, were managers, founders, participants of legal entities, individual entrepreneurs, as well as their spouses, including inactive and suspended entrepreneurs. The heads of branches and representative offices are not required to submit a declaration (they are not legal entities). In addition, persons engaged in private practice (notaries, lawyers, private bailiffs and professional mediators) do not submit an "entrance" declaration in 2024.

The "entry" declaration (form 250.00) reflects all foreign assets, movable/immovable property of an individual. Subsequently, a declaration of income and property is submitted annually (form 270.00), which reflects the income received for the calendar year, information on the acquisition/alienation of property both in Kazakhstan and abroad, as well as sources of covering the costs of their acquisition.

The value of the declared assets will be taken into account in the future when determining taxable income.

Therefore, before filling out the declaration, we recommend that you prepare the appropriate supporting documents in advance:

- evaluate the property from an independent appraiser, the unit value of which is more than 1000 MCI (3.5 million tenge) (optional) as of 12/31/2023. At the same time, the assessment must be made any day before the submission of the declaration (before September 15) and can be done at any appraisal company;

- to certify loan agreements with notaries (clause 2 of Article 631 of the Tax Code), (the procedure for certifying contracts is regulated by Chapter 8 of the ZRK "On Notaries", the timing of notarial actions is determined by Article 40).

Bank loan agreements are not subject to reflection in the declaration,

It must be notarized before the filing of the initial declaration (before September 15, 2024), since the reflection of debts and obligations is possible only in the initial declaration and additions in this case are not provided (paragraphs 7) of paragraph 5 of Article 211 of the Tax Code).

You can check the availability of assets and liabilities in Kazakhstan on the following sites:

1) on securities https://portal.kacd .kz;

2) under agreements on equity participation in housing construction https://homeportal .kz; https://www.gov.kz/services/3910?lang=ru;

3) on objects of intellectual property, copyright https://gosreestr.kazpatent.kz;

4) on the property transferred to the trust management https://egov.kz/cms/ru/services/pass077_mu;

5) if there is a Dt/Ct debt (loan agreement), it is necessary to send a request to the Republican Notary Chamber through the Doculite system.

            Department of State Bodies for the district of Beimbet Mailin