What information should be reflected in the initial declaration and in the annual declaration?
The universal declaration system consists in providing all citizens with an "entrance" declaration, which reflects all foreign assets, movable, immovable property of an individual. Such as:
- securities, digital assets (bitcoins, etc.)
- equity agreement (share in a residential building)
- investment gold (gold bullion)
- intellectual property and copyright
- cash in the range of 36.9 million tenge (10,000 MCI)
- loan agreements with other persons, notarized before 12/31/2023
- other property (optional), worth over 3.4 million tenge (cultural values, jewelry, pedigreed animals, etc.)
– an assessment must be made before submitting the declaration (as of 12/31/2023)
- share of participation in a foreign company
- real estate and transport abroad
- money in a foreign bank over 8,2 thousand US dollars (1,000 MCI).
What information is indicated in the annual declaration?
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 or alienation of property both in Kazakhstan and abroad, as well as sources of covering the costs of their acquisition:
- income (from renting, selling real estate, transport, securities, digital assets, income from abroad, etc.);
- tax deductions (medical expenses services, education, mortgage payments, standard deduction for the disabled - 3 million tenge per year)
- acquisition/alienation of property, including gratuitously received (real estate, transport, securities, digital assets, etc.)
- sources of acquisition of expensive property
- securities, digital assets (bitcoins, etc.)
- equity agreement (share in a residential building)
- investment gold (gold bullion)
- notarized loan agreements for individuals
- share of participation in a foreign company
- real estate and transport abroad
- money in a foreign bank over 8,2 thousand US dollars (1,000 MCI)
It is necessary to declare assets located abroad and in Kazakhstan as reliably as possible. In the future, the value of assets will be taken into account when determining taxable income.
Department of State Bodies for the district of Beimbet Mailin