Amendments to Form 270.00 (Declaration of Income and Assets)

The State Revenue Committee has announced amendments to the Declaration of Income and Assets (form 270.00) and its associated rules, aiming to simplify the reporting process by reducing the amount of information required.

The updated declaration form eliminates the need to disclose:

  1. Income subject to taxation at the source of payment, as this data is included in tax reports submitted by tax agents.
  2. Details concerning the acquisition, disposal, or gratuitous receipt of property registered in Kazakhstan, as this information is accessible through state information systems.

Additionally, disclosure of the sources covering expenses for property acquisition is now mandated only for specific individuals outlined in the “Anti-Corruption Law.” These include:

  • Individuals holding responsible government positions and their spouses.
  • Persons authorized to execute state functions and their spouses.
  • Officials and their spouses.
  • Individuals equivalent to those authorized to perform state functions and their spouses.

The State Revenue Committee emphasizes that until these changes are officially integrated into form 270.00, taxpayers may continue to use the existing form for submitting their Declaration of Income and Assets. Notably, if a taxpayer has already submitted the current form and it has been marked as “accepted” and “recorded,” there is no requirement to resubmit the declaration using the revised form.

For any additional questions, please contact us.

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