Kazakhstan: news and accounting activities, October 2024
- The Rules for the calculation, withholding of mandatory pension contributions and mandatory occupational pension contributions are amended as of September 28, 2024;
- New Tax Code: key changes presented in the Majilis;
- On the Internet resource of the Majilis of the Parliament of the Republic of Kazakhstan the draft Law of the Republic of Kazakhstan on introduction of amendments and additions to certain legislative acts of the Republic of Kazakhstan on taxation issues has been posted:
The Law of the Republic of Kazakhstan dated February 28, 2007 “On Accounting and Financial Reporting” – amendments are made to bring it in line with the draft of the new Tax Code;
The Law of the Republic of Kazakhstan dated April 9, 2016 “On Lotteries and Lottery Activities” – the Tax Code establishes the obligation of tax agents to calculate, withhold and transfer to the budget the withholding tax on income in the form of winnings. In this regard, the Law establishes the requirement for lottery terminals to withhold personal income tax from winnings to be paid out
To the Law of the Republic of Kazakhstan dated November 16, 2015 “On Compulsory Social Medical Insurance”
– in connection with the abolition of the special tax regime based on a patent, paragraph 5 of Article 30 of the Law on the obligation to calculate and transfer deductions and (or) contributions of IEs applying the special tax regime based on a patent was excluded;
– in order to exclude reference norms to the norms of the Tax Code for the establishment of the base for determining the object of calculation of deductions for compulsory social medical insurance, references to the norms of the Tax Code are excluded;
– it is proposed to introduce a differentiated approach to the application of measures of compulsory collection of debts on social payments with the exclusion of reference to the degree of risk;
– it is proposed to increase the threshold for application of methods and measures of compulsory collection of debts on social payments up to 6 MCI;
– it is proposed to suspend expenditure operations of the payer or agent within the amounts of arrears on social payments on bank accounts. This measure makes it possible to exclude a complete stop of the entrepreneur’s activity;
– suspension of the payer’s or agent’s expenditure transactions on cash is proposed to remain unchanged, i.e. the restriction is imposed on all expenditure transactions of cash on hand, by analogy with the current provisions of Chapter 13 of the Tax Code in terms of suspension of expenditure transactions;
- October 25 – Republic Day falls on a Friday, so all working citizens of our country will have one extra day off in October.
- Full list of accounting activities in October you may see below:
- Calculation and payment of wages for September: 1 – 10 of October, 2024
- Submission of tax reporting –
before October, 15
- submission an excise duty tax return in the form 400.00 and calculation for subdivisions in the form of 421.00
before October, 21
- EAEU for received imports – submission of an import application in the form 328.00 and payment of VAT
- Payment of taxes:
Before October, 7
- individuals engaged in private practice pay PIT (personal income tax)
Before October, 21
- excise + excise tax for enterprise standard
Before October, 28
- wage taxes and contributions
- withholding tax and advance payments for CIT
- other taxes
- Submission of statistical reporting according to schedule for your business activities
- 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 Yekaterina Kassumova
Director of FChain Kazakhstan
30th of September 2024
