The Department of State Revenue on  Akmola region informs that amendments and additions have been made to the Rules for Tax Reporting "Calculation of corporate income tax withheld at the source of payment from non-resident income (Form 101.04)", approved by Order of the Deputy Prime Minister – Minister of Finance of the Republic of Kazakhstan dated December 28, 2023 No. 1332 and Order of the Minister of Finance of the Republic of Kazakhstan dated November 25, 2024, No. 783.

The revision is effective from January 1, 2024 and is aimed at improving control over the validity of the benefits provided by the Tax Code by tax agents.

Key changes:

- Form 101.04 includes a reflection of income that is not subject to taxation in accordance with the Tax Code of the Republic of Kazakhstan.

- The amounts of payments that are not recognized as income from sources in the Republic of Kazakhstan are also reflected.

To reduce the administrative burden, a threshold is provided – these amounts are subject to reporting only if the total amount exceeds 50,000 US dollars per calendar year (from January 1 to December 31). At the same time, currency conversion is carried out in accordance with the procedure established by Article 647 of the Tax Code.

The changes made are aimed at more detailed information of importance, based on which the number of notifications sent will be reduced.

Source : https://www.gov.kz/memleket/entities/kgd-akmola/press/news/details/982313?lang=kk