Which individuals must submit a tax return by March 31 of the current year

Individuals who rent out property or have received income from value gains from the sale of property in 2021 are required to submit a tax return no later than March 31, 2022. This was reported in the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan.

March 31, 2022 is the deadline for submitting the "Declaration on individual income tax" f.240.00 for 2021.

The declaration is submitted by individuals upon receipt of the following types of income:

- income from the rental of property to persons who are not tax agents;

- income from the increase in value during the sale of property in the Republic of Kazakhstan (apartments, houses, country buildings, garages, personal subsidiary farm facilities, land plots and (or) land shares that have been owned for less than a year, the purpose of which from the date of the ownership right to the date of sale are individual housing construction, suburban construction, personal subsidiary farming, garage, as well as gardening, on which objects are not located, motor vehicles and (or) trailers);

- income from the increase in value from the sale of other property in the Republic of Kazakhstan (real estate, land plots and (or) land shares, investment gold, securities, derivative financial instruments, shares in the authorized capital of a legal entity);

- income from the assignment of the right of claim, including a share in a residential building (building) under an agreement on equity participation in housing construction;

- income from the sale of property received from sources outside the Republic of Kazakhstan (from the sale of property, securities, debt securities, participation shares);

- income from the increase in the value of the transfer and property (except money) as a contribution to the authorized capital;

- income from the increase in value when selling other assets of an individual entrepreneur applying a special tax regime for small businesses or for peasant or farm farms.

In addition, the f.240.00 declaration must be submitted by lawyers, notaries, bailiffs, mediators, resident labor immigrants, domestic workers, non-resident individuals in accordance with section 19 of the Tax Code, citizens of the Republic of Kazakhstan who have received an employee's income under employment contracts (contracts) and (or) civil law contracts concluded with diplomatic and equivalent representative offices, consular offices of foreign states, public organizations and foundations that are not tax agents according to the norms of the Tax Code, as well as individuals who owned real estate, securities, and a share in the authorized capital of a legal entity registered outside the Republic of Kazakhstan as of December 31, 2021.

Payment of individual income tax based on the results of the tax period is made by the taxpayer independently in the amount of 10% of income no later than April 10, 2022.

Individuals can submit the declaration on paper to the tax authority at their location (residence) and in electronic form through the mobile application "e-Salyq Azamat" or the Taxpayer's Office on the web portal cabinet.salyk.kz

Department of State Revenue for the district of Beimbet Mailina