STATE REVENUE COMMITTEE OF THE

MINISTRY OF FINANCE OF THE REPUBLIC OF KAZAKHSTAN

PRESS RELEASE

CAN ENTREPRENEURS EXTEND THE PERIOD OF TAX REPORTING?

Entrepreneurs with a low degree of risk in the risk management system can expect to extend the deadline for submission of tax reports. In the State Revenue Committee told about who and how can take advantage of this opportunity.

In the case of submission of tax reports in electronic form, the taxpayer is given the opportunity to extend the deadline for submission of tax reports.

The terms of submission of tax reporting on indirect taxes when importing goods to the territory of the Republic of Kazakhstan from the territory of the Member States of the Eurasian Economic Union cannot be extended.

To extend the deadline for submission of tax reports, the taxpayer shall send a notification to the state revenue body at the place of registration.

Such notification can also be sent through the State Corporation "Government for citizens".

The notification is sent on paper or in electronic form before the deadline for submission of tax reports.

Tax reporting deadlines can be extended:

- up to thirty calendar days for declarations of corporate income tax (CIT) or individual income tax (IIT);

- up to fifteen calendar days for declarations and calculations for other types of taxes, payments to the budget, social payments.

- up to thirty calendar days for declarations on other types of taxes, payments to the budget, social payments for taxpayers with a low level of risk management system.

The extension of the tax reporting period does not apply to the calculation of advance payments on corporate income tax.

Please note that the extension does not change the deadline for payment of taxes, payments to the budget and social payments.

The deadline for submission of tax reports shall not be extended to a taxpayer with a high level of risk management system, with the exception of an individual entrepreneur applying special tax regimes.

We remind you that the tax authorities analyze the data of tax reporting submitted by taxpayers, information received from the authorized state bodies, local executive bodies, authorized persons, as well as other documents and information about the activities of the taxpayer.

Based on the results of such analysis, since January 1, 2019, categorization of all taxpayers has been introduced by classifying their activities as low, medium or high risk and differentiated application of tax administration measures.

Information about the degree of risk to which the taxpayer is classified according to the results of the risk management system is determined twice a year and sent to taxpayers in the web-application "Taxpayer’s Cabinet".

Since July 1, 2019, the results of the categorization are open to the public on the official website of the State Revenue Committee (Electronic services / Business assistance / Taxpayer's risk according to the results of the categorization) (https://kgd.gov.kz/ru/services/degree_of_risk).

Through a request for BIN/IIN it will be possible to find out the degree of risk both for its activities and for the activities of its counterparty.

The frequency of mandatory updating of the categorization – once a half-year.

Under the current legislation, the results of categorization are applied in the following areas of tax administration:

- termination of the activities of certain categories of individual entrepreneur in a simplified manner,

- registration of VAT,

- extension, suspension of tax reporting,

- forced debt collection.

Press-office

State Revenue Committee

Ministry of Finance of the RK

(Zhenis avenue, 11)