KAZAKHSTAN: NEWS AND ACCOUNTING ACTIVITIES, JULY 2023

• Changes in determining the income of an Individual Entrepreneur for the payment of the Mandatory Pension Contribution and Social Contribution come into force from July;
• A 4-day work week is introduced at the legislative level. The labor code provides for a five-day or six-day work week, as well as a part-time work week, the duration is determined by agreement of the parties
• The amount of sick leave payment for one month will be 25 MCI or 86250 KZT in 2023;
• Implemented the payment of social contributions under the new rules;
• A new list of positions for whom to transfer Mandatory professional pension contributions has been approved;
• Kazakhstanis will celebrate Capital Day on July 6^th; thus July 1^st, Saturday is a working day, and days off are from July 6 to July 9 inclusive;
• Full list of accounting activities in July you may see below:

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

before July, 5

• Calculation of current payments for vehicle tax for 2023 according to form 701.00

before July, 17

• submission an excise duty tax return in the form 400.00 and calculation for subdivisions in the form of 421.00
• tax return on assets and liabilities on paper by the form 250.00
• tax return on income and property of an individual on paper in the form 270.00

before July, 20

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

3. Payment of taxes:

Before July, 5

• individuals engaged in private practice pay PIT (personal income tax)
• current vehicle tax payment

Before July, 20

• excise + excise for aggregate customs payment
• the amount of indirect taxes on imported goods from the EAEU countries

Before July, 25

• wage taxes and contributions
• withholding tax and advance payments for CIT
• digital mining fee
• other taxes

4. Submission of statistical reporting according to schedule for your business activities
5. 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 prepared by Ekaterina Kassumova