The Compliance Service of «NC «Kazakhstan engineering» JSC reminds about the start of the second phase of universal declaration.

Based on Article 45-1 of the Law of the RK of December 25, 2017 «On enactment of the Code of the RK «On taxes and other obligatory payments to the budget» universal declaration in Kazakhstan is introduced in 4 stages.

The purpose of the transition to universal declaration:

• counteracting the shadow economy;
• decrease level of corruption in government bodies;
• increasing individual income tax revenues to the budget;
• increasing tax culture of taxpayers of the Republic of Kazakhstan.

The second phase included:

• Employees of government agencies and their spouses;
• Employees of quasi-public sector entities and their spouses.

The subjects of the quasi-public sector include state-owned enterprises, LLPs, JSCs, including national holdings where the state is the founder, participant or shareholder, as well as their subsidiaries, affiliates and other legal entities.

The third phase will begin on January 1, 2024. It includes:

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

In January 2025, the fourth stage will include the remaining categories of citizens.

The declaration must be submitted at the place of residence (stay) On paper in person to the authorities of State Revenue or to the CPS or sent by mail no later than July 15 of the current year;

Electronically via the «Taxpayer's office» (kgd.gov.kz) and the eSalyq Azamat mobile application not later than 15 September of a current year.

• The Declaration of Assets and Liabilities of an individual shall be submitted on Form 250.00;
• Declaration of Income and Assets of an Individual is provided on Form 270.00.

Consequences for filing irregularities

If the initial tax return is not submitted on time, the tax authority will limit itself to a warning (Clause 1, Article 272 of the CAO RK). Repeated violation by an individual within a year will bring a fine in the amount of 15 MCI or 51750 tenge (Item 2, Article 272 of the CAO RK).

If the declaration will contain incomplete, unreliable information not entailing the accrual of taxes and other obligatory payments to the budget, the tax authorities for the first time will be limited to a warning (paragraph 2-1 of Article 272 of the CAO RK).

Repeated actions within a year after a warning will entail a fine in the amount of 3 MCI or 103750 tenge (paragraph 2-2 of Article 272 of the CAO RK).

The first stage was launched on January 1, 2021. Civil servants and persons equated to them, as well as their spouses began to submit a declaration.