New important deadline: who needs to submit tax returns in Kazakhstan in 2024?

Kazakhstan is progressively instituting a comprehensive system for personal income and asset declarations, aiming to make it universal. As a pivotal initial stride, the tax declaration requirement applies to registered first managers, directors, founders, participants of legal entities, individual entrepreneurs, and their spouses, effective from January 1, 2024. This marks the third phase of implementing universal declaration in the Republic of Kazakhstan.

An essential aspect to note is that the obligation to submit declarations persists even if the legal entity or entrepreneurship is not currently operational.

Declarants are required to utilize tax return form 250.00, designated as “Assets and Liabilities.” In the inaugural year, paper-based tax returns will be accepted at the submitter’s personal registration location. The deadline for paper declarations is July 15, 2024, while electronic submissions are accepted until September 15, 2024.

Starting from 2025, the submission of income and property tax returns will also become mandatory, known as form 270.00. However, the deadline for these submissions has not yet been announced.

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