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 its payment, including the day of payment, is subject to write-off. In this case, the penalty is written off according to the type of tax for which the arrears are paid. The term of the tax amnesty is until December 31, 2020.
The tax amnesty will allow participating citizens to get rid of the accrued sanctions, which will improve the quality of life and well-being.
Exemption from taxes, fees and charges
In connection with the introduction of licensing of microfinance activities from January 1, 2021, the fee for the registration of organizations engaged in microfinance activities has been canceled.
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 1 April 2020 1 October 2020 provides for the adjustment of the employee's income of the taxpayer which are not subject quasi-public sector and involved in the creation and transmission of television programmes and (or) radio broadcasting and (or) publishing of Newspapers, journals and (or) periodic publications, i.e. the release 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 the activities of air passenger transport are exempt from VAT for non-residents on royalties, maintenance and software updates, services for the presentation and processing of information, 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
In order to increase the volume of output without attracting additional working capital, as well as to preserve paid jobs for mining (with the exception of those engaged in the production of hydrocarbons), mining and metallurgical enterprises included in the List subject to monitoring by large taxpayers, it is provided:
increase from 70 to 80% of the amount of excess value added tax, which 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 CIT for 2020 over the amount of the 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
In order of correspondence with the amendments to the Law "On the National Bank of the Republic of Kazakhstan", envisaging the introduction of restrictions on cash withdrawals from January 1, 2021, there is an obligation of the second tier banks and organizations executing certain types of banking operations, to provide to the state income data and (or) documents for information about the presence or absence of grounds for refusal of cash that exceeds specified size limit.
Thus, the state revenue authority, taking into account the application of the risk management system, will make one of the following decisions:
at low risk - on the absence of grounds for refusal to issue cash;
for a high degree of risk - on the existence of 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 a seven-month period, copies of such primary documents are recognized as originals when conducting tax audits and other methods of control for tax periods in which the state of emergency was in effect.
New collection obligations
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.
Bassy A. Mahanov