In the implementation of a Comprehensive plan to restore economic growth to the end of 2020 2 July this year signed the law of the Republic of Kazakhstan "On amendments and additions to the Code of the Republic of Kazakhstan "On taxes and other obligatory payments to the budget" (Tax code) and the Law of the Republic of Kazakhstan "About introduction in action of the Code of the Republic of Kazakhstan "On taxes and other obligatory payments to the budget" (Tax code)", which provides for the following measures of tax incentives.
Tax amnesty
There is a tax Amnesty for writing off penalties for individuals, provided that they pay the amounts of the principal debt for property tax, land tax and vehicle tax, formed for tax periods up to January 1, 2020, with the exception of obligations to pay property tax and land tax for 2019.
The amount of interest that is registered in the taxpayer's personal account as of April 1, 2020, as well as the amount of interest accrued on the amount of such arrears before the date of payment, including the day of payment, is subject to write-off. In this case, the penalty is deducted for the type of tax for which the arrears were paid. The tax Amnesty period is until December 31, 2020.
The tax Amnesty will allow participating citizens to get rid of accrued sanctions, which will improve the quality of life and well-being.
Exemption from taxes, fees and charges
Due to the introduction of microfinance licensing, the fee for registration of organizations engaged in microfinance activities has been canceled from January 1, 2021.
In order to increase the competitiveness of domestic companies engaged in international road transport of goods and update the fleet of cargo vehicles from July 1, 2020 to December 31, 2020, an exemption from payment of the fee for the primary state registration of motor vehicles for truck tractors engaged in international road transport of goods is provided.
From April 1, 2020 to October 1, 2020, an adjustment is provided for the income of an employee of a taxpayer who is not a subject of the quasi-public sector and is engaged in the creation and broadcasting of television programs and (or) radio broadcasting and (or) publishing Newspapers, magazines and (or) periodicals, that is, the exemption of employees of non-state media from paying individual income tax. Accordingly, such income is not subject to social tax.
from June 1 to December 31, 2020
Import of spare parts for aircraft (engines, power plants, heat exchangers, radio altimeters, radars, sensors, casings) is exempt from VAT);
taxpayers engaged in air passenger transport activities are exempt from VAT for non-residents on royalties, maintenance and software updates, services for presenting and processing information, and providing access to an Internet resource;
the application of the coefficient "0" to the rates of land tax and payment for the use of land plots occupied by runways at airfields and airport terminals is provided.
Support for individual industries
from June 1 to December 31, 2020
With the aim of increasing production volume without additional working capital, as well as saving jobs for the mining (except engaged in the extraction of hydrocarbons) mining and metallurgical enterprises included in the List subject to the monitoring of major taxpayers is provided:
the increase from 70 to 80% of the excess value added tax, which it can be returned in a simplified manner without conducting a tax audit for the period of the first, second and third quarters of 2020.
the right to exceed the amounts of the actually calculated CPN for 2020 over the amount of calculated advance payments in the amount of no more than 33 %.
The VAT payment deadline for JSC NC KTZ for the second and third quarters of 2020 has been postponed to February 25, 2021.
Tax administration
For the purpose of correspondence with the amendments to the Law" on the National Bank of the Republic of Kazakhstan", which provide for the introduction of restrictions on cash withdrawals, from January 1, 2021, second-tier banks and organizations engaged in certain types of banking operations are required to provide information and (or) documents to the state revenue authorities to obtain information on the presence or absence of grounds for refusal to issue cash exceeding the established limit.
Thus, the state revenue authority, taking into account the application of the risk management system, will make one of the following decisions:
for a low degree of risk, there are no grounds for refusing to issue cash;
for a high degree of risk - if there are grounds for refusing to issue cash.
Until December 31, 2020, the deadline for registration and submission to the tax agent of a document confirming the residence of a non-resident for 2019 is extended.
Electronic documents certified by EDS and meeting the conditions established by the Law "on electronic document and EDS"may be recognized as primary documents.
Taxpayers are granted the right to recognize copies of primary documents (scanned copies) as accounting documents for the period of the state of emergency on the territory of the Republic of Kazakhstan, provided that the originals of primary documents are issued within seven months following the month in which the state of emergency on the territory of the Republic of Kazakhstan is terminated. And until the end of such seven-month period, copies of such primary documents are recognized as originals when conducting tax audits and other control methods for tax periods in which the state of emergency was in effect.
From 1 January 2021, provided the license fee for the right classes in certain activities for branches of nonresident banks of the Republic of Kazakhstan, the insurance (reinsurance) organizations-residents of the Republic of Kazakhstan, the insurance brokers-nonresidents of the Republic of Kazakhstan for implementation of activities in the financial market of the Republic of Kazakhstan, as well as the fee for issuance of the consent to election (appointment) of leading employees of the branch of the Bank-nonresident of the Republic of Kazakhstan, branch of an insurance (reinsurance) company-resident of the Republic of Kazakhstan, branch of an insurance broker-non-resident of the Republic of Kazakhstan.