Kazakhstan

The Code of the Republic of Kazakhstan is dated 25 December 2017 under Law No. 120-VI 'On taxes and other obligatory payments to the budget (Tax Code)' (as amended and supplemented as of 1 January 2023).

Annual tax reporting

Kazakhstan launched a four-stage mandatory universal declaration for individuals in the period between 2021 and 2025. Four stages were designed to gradually implement the annual tax reporting for individuals in Kazakhstan. Stage 1 began on 1 January 2021, and each stage adds a new list of individuals who must comply with the law by filing a declaration on assets and liabilities (Form 250.00) and declaration on income and property (Form 270.00):

Stage 1: From 1 January 2021

• Individuals holding a public position and their spouses.
• Individuals authorised to perform the state functions and their spouses.
• Individuals equated to those performing state functions and their spouses.
• Individuals with an assigned obligation to submit a declaration pursuant to the Constitutional Law of the Republic of Kazakhstan 'On Elections in the Republic of Kazakhstan' and the laws of the Republic of Kazakhstan 'On Corruption Control', 'On Banks and Banking Activities in the Republic of Kazakhstan', 'On Insurance Activities', and 'On the Securities Market'.

Stage 2: From 1 January 2023

• Employees of government bodies (including the fields of education, health care, culture, sports, etc.) and their spouses.
• Employees of the quasi-public sector and their spouses.

Stage 3: From 1 January 2024

• Heads, founders (participants) of legal entities and their spouses.
• Individual entrepreneurs and their spouses.

Stage 4: From 1 January 2025

• The categories of citizens that are left.

Universal declaration forms

Declaration on income and property (Form 230.00) expired on 1 January 2021 in connection with the introduction of the universal declaration law.

Under the universal declaration law, the declaration on assets and liabilities (Form 250.00) and declaration on income and property (Form 270.00) are filed.

In addition, if an individual would like to claim a foreign income tax credit, the declaration on individual income tax (Form 240.00) should be filed as well.

Form 250.00

Form 250.00 is a one-time form for reporting accumulated assets and liabilities as entry information related to the integration of the mandatory universal filing declaration.

The submission deadline for Form 250.00 is as follows:

• Hard copy: No later than 15 July of the year following the reporting.
• Electronically: No later than 15 September of the year following the reporting.

Form 270.00

The declaration on income and property (Form 270.00) is submitted annually after Form 250.00, and a government agency uses this declaration as a data monitoring tool for an individual's income and property received during the reporting period. This form is required for reporting all income received by an individual during the tax period. Income that was subject to individual income taxation by a tax agent is reported in the Form 270.00 for informational purposes only, confirming the source for future purchases.

The declaration of individual income and property (Form 270.00) was approved on 13 September 2021 and will gradually replace the declaration on individual income tax (Form 240.00).

The submission deadline for Form 270.00 is as follows:

• Hard copy: No later than 15 July of the year following the reporting.
• Electronically: No later than 15 September of the year following the reporting.

Form 240.00

Form 240.00 is submitted annually by individuals to report foreign source income and local income not taxed at a source (and foreign property by Kazakhstan citizens and permanent residency holders).

The submission deadline for Form 240.00 (hard copy or electronically) is no later than 31 March of the year following the reporting.

The payment deadline for Form 240.00 is no later than 10 April of the year following the reporting.

If Forms 250.00 and 240.00 reflect similar information (e.g. information on the availability of real estate, securities, share in the authorised capital of a legal entity located outside of Kazakhstan), an individual needs to submit only Form 250.00.