STATE REVENUE COMMITTEE of the

MINISTRY OF FINANCE of the REPUBLIC OF KAZAKHSTAN

PRESS RELEASE

New tax benefits will be introduced for large families from 2020

From 2020, a tax deduction is provided for one of the parents of a large family of 23 monthly notional units (MNU) for each month, for each parent of a large family of 12 MNU for each month, but in total for both parents in the amount of not more than 282 MNU defined for the calendar year.

These changes are provided for by article 347 of the Code of the Republic of Kazakhstan “On Taxes and Other Mandatory Payments to the Budget” No. 120-VI (Tax Code) dated December 25, 2017, which has been suspended until January 1, 2020.

The tax deduction for a large family is applied if a physical person has four or more minor children, confirmed by copies of birth certificates of such children on January 1of a calendar year, in which the deduction is applied.

Furthermore, we note that by the order of the Minister of Finance of the Republic of Kazakhstan of No.102 dated 01.02.2018 approved the application form of an individual for the application of tax deductions, which comes into effect on 01.01.2020. This tax statement will need to be submitted to the employer (tax agent).

Press-office

State Revenue Committee

Ministry of Finance of the RK

(Zhenis avenue, 11)