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  • Tax amnesty for small and medium-sized businesses in Kazakhstan

    In October, the president of Kazakhstan, Nursultan Nazarbayev, announced the decision to conduct a tax amnesty for small and medium-sized businesses from January 1, 2019. In the cases where the indicated amount of a tax is paid, all additional penalties and fines will be eliminated.

    In this regard, the Ministry of Finance has developed the relevant amendments to the legislation which are now under consideration in the Senate.

    The draft amendment provides for the cancellation of fines and penalties to small and medium-sized businesses in the cases  where the principal debt is paid up between the period of 1 October 2018 and December 31, 2019.

    At the same time, the large taxpayers such as the monitors of subsoil users and the manufacturers of excisable products are not subject to the amnesty.

    Tax amnesty for small and medium-sized businesses in KazakhstanAccording to preliminary data, 90077 objects of medium and small business fall under the amnesty of which 31210 are legal entities and 58867 are individual entrepreneurs. As of October 1, 2018, the total amount of their tax debts amounts to 340.6 billion tenge.

    In this case, the total amount of penalty fee and fines to be eliminated is 122.9 billion tenge and 7.3 billion tenge respectively. They will be eliminated in case the principal debt in the amount of 210.4 billion tenge is paid. The penalties accrued from October 1, 2018 before the date of payment of the principal debt will also be eliminated.

    After the bill providing for the introduction of relevant amendments is signed, the Ministry of Finance will approve the Rules for eliminating penalties and fines, providing for a step-by-step mechanism for conducting a tax amnesty.

    Thus, the preliminary date of introducing the new approved mechanism is March 2019.

    Tax amnesties for penalties and fines with the aim of improving the financial and economic activities of enterprises has been held three times in 1997-1999, in 2011 and 2015 since Kazakhstan has gained its independence.

    Information source: «Налоговая амнистия для малого и среднего бизнеса пройдет в Казахстане»


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