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KAZAKHSTAN: NEWS AND ACCOUNTING ACTIVITIES, AUGUST 2023

 

  • A new restriction will appear in the information system for receiving and processing electronic invoices: from now on, if an entrepreneur has violations, the Tax Authority may limit the issuance of electronic invoices until the violations are fully eliminated, which in turn essentially stops trading in the company;

 

  • Currency control will be tightened from 2024, the tightening will affect all transactions related to the withdrawal of money from the Republic of Kazakhstan;

 

  • Caution: a new type of fraud has appeared in Kazakhstan. Recently, fraudsters posing as employees of the Unified Savings Pension Fund have been calling accountants of organizations and informing them about the arrest of an employee’s pension account, then asking them to provide confidential information on the employee’s accounts or to transfer pension contributions to a “safe” account;

 

  • The limit on cash withdrawals from a company’s bank account will be increased;

 

  • We will celebrate the day of the Constitution of Kazakhstan, 30th of August will be a day off;

 

  • Full list of accounting activities in August you may see below:

 

  1. Calculation and payment of wages for July: 1 – 10 of August, 2023
  2. Submission of tax reporting –

 

before August, 15

  • submission of tax return for Withholding Tax for the II quarter of 2023 in the form 101.03 and 101.04
  • submission of declaration on Personal Income Tax and Social Tax for the II quarter of 2023 in the form 200.00
  • VAT tax return in the form 300.00
  • submission an excise duty tax return in the form 400.00 and calculation for subdivisions in the form of 421.00
  • export tax return for the II quarter of 2023 in the form 570.00
  • MET (mining tax) declaration for the II quarter of 2023 in the form 590.00
  • gambling business tax and fixed tax declaration for the II quarter of 2023 in the form 710.00
  • declaration on payment for the use of surface water resources for the II quarter of 2023 in the form 860.00
  • declaration on payment for emissions into the environment for the II quarter of 2023 in the form 870.00
  • digital mining fee statement for the second quarter of 2023 on Form 880.00
  • simplified regime – submission of a semi-annual tax return for the 1st half of 2023 in the form 910.00
  • declaration for taxpayers applying the special retail tax regime for the II quarter of 2023 in the form 913.00

 

before August, 21

  • EAEU for received imports – submission of an import application in the form 328.00 and payment of VAT

 

  1. Payment of taxes:

Before 7th of August individuals engaged in private practice pay PIT (personal income tax)

Before 21st of August

  • excise duty;
  • amounts of indirect taxes on imported goods to the customs union;

Before 25th of August

  • salary taxes and contributions and other taxes;
  • Withholding tax and advance payments for CIT;
  • retail tax;
  • digital mining fee;
  • taxes and social payments under form 910.00;
  • other taxes.

 

  1. Submission of statistical reporting according to schedule for your business activities
  2. Other activities in area of primary documentation checkup/collection, reconciliation acts and matching of electronic invoices on state portal with 1C or other software; daily bookkeeping activities.

 

Article is prepared by Ekaterina Kassumova,

Director of FChain Kazakhstan

03rd of August 2023

 

 

 

  • Author: Gunel Musa

Public Relations Manager

04.08.2023
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