After the declaration of assets and liabilities, a declaration of income and property is submitted in subsequent years, which is intended for individuals to reflect information on income received during the calendar year, including outside the Republic of Kazakhstan, as well as the acquisition or alienation of property subject to state or other registration, including outside the Republic of Kazakhstan. This was announced by Deputy Chairman of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan Zhaidar Inkerbayev during a press conference in the CCS.

In addition, individuals should reflect information on the sources of coverage of expenses for the acquisition of real estate during the reporting tax period, motor vehicles and trailers to them, a share in the authorized capital of a legal entity, securities, investment gold, derivative financial instruments, a share in housing construction in declaration of income and property.

At the same time, a specific list of individuals who will be required to submit an annual declaration has been established.

The obligation to submit an annual declaration is excluded, provided that there is no movement of assets and income subject to taxation by an individual independently, as well as the absence of income and assets outside the Republic of Kazakhstan.

"This will reduce the number of declarants required to submit a declaration annually by 3.7 times from 12.9 million people to 3.5 million people," - the speaker said.