Taxation regimes for individual entrepreneurs:Standard taxation regime Taxation regimes for individual entrepreneurs: special tax regimes for small businesses Terms of IE registration Registration of individual entrepreneur

Taxation regimes for individual entrepreneurs:Standard taxation regime

Инструкция

There are several taxation regimes and after selecting one of them an individual entrepreneur is registered. Those are:

standard taxation regime
special tax regimes for small businesses (hereinafter: STR for SBs).

Standard taxation regime

Types of taxes

Tax assessment

Payment date

Individual income tax

(hereinafter: IIT)

At the rate of 10%

(clause 1 of Article 320 of the Tax Code as amended by Article 33 of the Law on Introduction).

Payment of IIT based on the results of the tax period is made no later than ten calendar days after the deadline set for submitting an IIT declaration

(subclause 1) of clause 1 of Article 362 of the Tax Code as amended by Article 33 of the Law on Introduction).

Payment of IIT for employees is made monthly no later than the 25th day of the month following the tax period at the location of a taxpayer

Social tax

Under standard taxation regime, an individual entrepreneur calculates social tax in 2 times the monthly calculation index (hereinafter: MCI) established by the law on the republican budget and effective on the date of payment for oneself and 1 MCI for each employee

(clause 2 of Article 485 of the Tax Code).

Payment of social tax is made monthly no later than the 25th day of the month following the tax period at the location of a taxpayer

(clause 1 of Article 487 of the Tax Code).

Value-added tax (hereinafter: VAT) (if an IE is a VAT payer)

The value added tax rate is 12 percent and it applies to the amount of taxable turnover and taxable imports.

Turnover on the sale of goods, works, services specified in Chapter 44 of the Tax Code is subject to VAT at a zero rate

(clauses 1, 2 of Article 422 of the Tax Code).

The amount of VAT payable to the budget for each tax period, as well as the calculated VAT for a non-resident, is payable to the budget at a taxpayer's location no later than the 25th day of the second month following the reporting tax period.

At the same time, VAT amount for imported goods is paid within the time limits determined by the customs legislation of the Republic of Kazakhstan

(subclauses 1), 2) of Article 425 of the Tax Code).

Land tax

Payment of land tax is made to the budget at the location of a land plot (clause 4 of Article 511 of the Tax Code).

Taxpayers calculate the amount of land tax by applying the appropriate tax rates to the tax base

(clause 1 of Article 512 of the Tax Code).

Under standard taxation regime, an individual entrepreneur makes a payment for land tax in equal shares no later than February 25, May 25, August 25 and November 25 of the tax period.

Under standard taxation regime, an individual entrepreneur makes the final calculation and pays the land tax no later than ten calendar days after the deadline for submitting the declaration for the tax period

(clauses 4, 8 of Article 512 of the Tax Code).

Property tax

is calculated at a rate of 0.5 percent to the tax base

(subclause 1) of clause 2 of Article 521 of the Tax Code)

Under standard taxation regime, an individual entrepreneur makes a payment for property tax in equal shares no later than February 25, May 25, August 25 and November 25 of the tax period.

Under standard taxation regime, an individual entrepreneur makes the final calculation and pays the property tax no later than ten calendar days after the deadline for submitting the declaration for the tax period

(clauses 7, 11 of Article 522 of the Tax Code).

Under standard taxation regime, an individual entrepreneur submits an annual declaration on individual income tax (form 220.00) to the state revenue authorities at the place of location (residence) no later than March 31 of the year following the reporting tax period, except for the cases prescribed by the Constitutional Law of the Republic of Kazakhstan "On Elections in the Republic of Kazakhstan",Criminal Enforcement Code of the Republic of Kazakhstan and the Law of the Republic of Kazakhstan "On Corruption Control".

Also, according to the accrued income of employees, as well as calculated taxes for employees and for individual entrepreneurs, an individual entrepreneur operating under standard taxation regime submits a Declaration on personal income tax and social tax (form 200.00) on a quarterly basis.

At the same time, an individual entrepreneur operating under standard taxation regime calculates, withholds and pays IIT on a monthly basis for employees and for oneself (for one`s favor).

Social tax for an individual entrepreneur operating under standard taxation regime is calculated based on the number of employees, and not on the amount of accrued wages, and the payment of social tax is made at the expense of an individual entrepreneur.

The amount of social tax payable to the budget is defined as the difference between the calculated social tax and the amount of social contributions calculated in accordance with the Social Code.

If the amount of calculated social contributions to the State Social Insurance Fund exceeds the amount of calculated social tax or their amounts are equal, the amount of social tax payable to the budget is considered equal to zero.

In case of registration as a VAT payer, an individual entrepreneur operating under standard taxation regime specified in subclause 1) of clause 1 of article 367 of the Tax code is obliged to submit the Declaration on the VAT (form 300.00) to the tax authority at the place of location for each tax period no later than the 15th day of the second month following the reporting tax period, unless otherwise provided in the article.

The obligation to submit a value-added tax declaration does not apply to the individuals specified in subclauses 2) and 3) of clause 1 of Article 367of the Tax Code pursuant to which VAT registration is not applied.

If there are objects of taxation available, then tax reports on property tax and land tax are submitted as follows: calculation of current payments on land tax and property tax (form 701.01) and declaration on vehicle tax, land tax and property tax (form 700.00).

Under standard taxation regime, an individual entrepreneur submits the following documents to the state revenue authorities at the location of land plots and objects of taxation that are used (to be used) in business activities:

- calculation of current payments on Form 701.01 no later than February 15 of the current tax period for tax liabilities determined as of the beginning of the tax period.

Also, a taxpayer submits the following documents no later than ten calendar days before the next (during the tax period) deadline for the payment of current payments:

calculation of current payments: in case of tax liabilities occurrence during the tax period, with the exception of those arising after the last deadline for payment of current payments;

additional calculation of current payments with the appropriate adjustment of the amount of such payments and their distribution in equal shares for the upcoming payment dates: if tax liabilities change during the tax period.

Also, the calculation of current payments or an additional calculation of current payments is provided for objects for which tax liabilities have arisen or changed as of the first day of the month of the next deadline for payment of current payments.

If tax liabilities arise after the last deadline for the payment of current payments, taxpayers do not submit the calculation of current payments;

- declaration no later than March 31 of the year following the reporting tax period.

Дата обновления - 11.03.2024

Справочная информация

Tax Code Minimum calculated indexes SOCIAL CODE OF THE REPUBLIC OF KAZAKHSTAN

22508