Kazakhstan: News And Accounting Activities, November 2023

Kazakhstan is considering raising the VAT, CIT and Individual Income Tax rates as part of the upcoming 2025 Tax Code revision

• VAT: the possibility of raising the VAT rate from 12% to 16% is currently under review
• CIT: there is a proposal to raise the CIT rate for the commodity and financial sectors, as well as the gambling business to 25-30%
• PIT: there is an ongoing consideration of raising the personal income tax rate for wage income exceeding 40 million tenge
• Full list of accounting activities in November you may see below:

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

before November, 15

• calculation of CIT at source for the 3^rd quarter of 2023 according to form 101.04 and 101.03
• submission of individual income tax and social tax for the 3^rd quarter of 2023 in form 200.00
• submission of VAT return for the 3^rd quarter of 2023 in form 300.00
• submission of an excise duty tax return in the form 400.00 and calculation for subdivisions in the form of 421.00
• submission of export rent tax return for the 3^rd quarter of 2023 in form 570.00
• submission of mineral extraction tax return for the 3^rd quarter of 2023 in form 590.00
• Gambling tax and fixed tax return for the 3^rd quarter of 2023 on form 710.00
• declaration on payment for the use of water resources of surface sources for the 3^rd quarter of 2023 on form 860.00
• declaration on payment for emissions into the environment for the 3^rd quarter of 2023 in the form 870.00
• declaration for taxpayers applying special tax regime of retail tax for the 3^rd quarter of 2023 in the form 913.00

before November, 20

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

3. Payment of taxes:

Before November, 6

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

Before November, 20

• excise + excise for aggregate customs payment

Before November, 27

• salary taxes and contributions and other taxes
• 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 Nuritova Fatima

1^st of November 2023