The application of certain tax deductions in the calculation of individual income tax (IIT) in 2025 The draft Law "On Amendments and Additions to the Code of the Republic of Kazakhstan "On Taxes and Other Mandatory Payments to the Budget" (Tax Code) and the laws of the Republic of Kazakhstan on its introduction", which is under consideration in the Senate of the Parliament of the Republic of Kazakhstan, provides for the following amendments and additions to the Code of the Republic of Kazakhstan "On Taxes and Other Mandatory Payments to the Budget". payments to the budget" (Tax Code), planned to be implemented from January 1, 2025. As is known, the Head of State instructed to exempt from universal declaration from January 1, 2025 the remaining category of citizens (pensioners, employees of private structures, students, etc.) belonging to the fourth stage of declaration, and to review approaches to universal declaration. In this regard, as part of the optimization of the declaration procedure, individuals who receive income subject to withholding tax (salaries, pensions, scholarships, pension, insurance payments, etc.) are exempt from submitting an annual declaration of form 270.00, with the exception of civil servants and persons equated to them, their spouses, major participants in the financial sector, founders and heads of organizations, persons engaged in private practice, persons with property or bank accounts abroad, as well as other persons who have received income, taxable by an individual on their own, as well as those who purchased property in excess of 20,000 times the monthly calculation index (MCI) during the reporting period. Taking into account the above approaches, which change the administration in terms of the use of tax deductions by individuals, it is planned to replace a number of tax deductions (in the amount of 14 MCI, for education, for medicine, for housing mortgage loans and for large families) with a single basic deduction of 30 MCI per calendar month, that is, 360 MCI per calendar month. a calendar year that is provided on the basis of an application for the application of tax deductions in any form. These deductions will be provided for application from January 1, 2025 for all individuals by income of employees, individual entrepreneurs applying the generally established taxation regime, as well as persons engaged in private practice (private notaries, lawyers, private bailiffs, professional mediators). Additionally, for individuals engaged in private practice, the personal income tax rate has been reduced from 10% to 9% instead of excluding professional deductions and a monthly payment of personal income tax is provided. An additional tax deduction is also being introduced for the amount of withheld social contributions for individuals who receive income under civil contracts, the subject of which is the performance of work (provision of services) – in the amount established by the legislation of the Republic of Kazakhstan on social protection. These changes are introduced in order to simplify the procedure for applying tax deductions by individuals, which eliminates the additional obligations of individuals to collect and store documents confirming tax deductions, as well as the annual submission by an individual of an income and property declaration reflecting all income received for a calendar year with the application of tax deductions and self-calculation of the actual amount of income tax payable. to the budget, conducting inspections by state revenue authorities regarding the legality of the application of tax deductions, etc. In addition, due to the introduction of these standards retrospectively, transitional provisions are provided regarding the procedure for calculating personal income tax and applying tax deductions for the period from January 1, 2025 to the date of the Law's entry into force.

Source : https://www.gov.kz/memleket/entities/kgd-kostanay/press/news/details/1011841?lang=kk