Kazakhstan

Individual - Significant developments

Last reviewed - 23 July 2021

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 2021).

Kazakhstan launched a 4-phase universal declaration for individuals in the period between 2021 and 2025. Phase 1 began on 1 January 2021 and requires the following individuals to file declaration on assets and liabilities (Form 250.00):

  • Government employees and similar individuals, individuals authorised to perform governmental functions, individuals equated to personnel authorised to perform governmental functions, and their spouses.
  • Individuals that are required to file declaration on individual income tax and property (230.00) within the law on 'election law', 'anti-bribery law', 'banks and bank activity', 'insurance', and 'securities market' law.

Previously, these individuals submitted Form 230.00 (which is not applicable after 31 December 2020 in connection with the introduction of the universal declaration).

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.

Form 250.00 is submitted at the place of residence (stay) of an individual in Kazakhstan as follows:

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