Entrepreneurs have finally decided which tax regime they will operate under going forward.

More than 1.2 million entrepreneurs chose the special tax regime based on a simplified declaration. This is the most popular regime among small and medium-sized businesses.

Who is eligible for the simplified declaration?

• Annual income up to 600,000 MCI (approximately 2.6 billion tenge).

Advantages of the regime:

• No restrictions on the number of employees, which encourages legal employment;

• Unified CIT/PIT rate – 4% (local councils can decrease or increase the rate by up to 50%);

• Exemption from VAT;

• Tax declaration and payment twice a year.

These conditions make running a business simpler and more predictable.

Additionally, 346,000 citizens are using the special regime for self-employed individuals, including 265,000 new participants. This means that 265,000 people have moved from the “shadow” economy and now operate officially.

Who can use the self-employment regime?

• Monthly income up to 300 MCI (about 1.3 million tenge);

• No hired employees;

• Not registered as an individual entrepreneur;

• Conducting permitted types of activities (40 types);

• Citizens of Kazakhstan and their relatives who previously worked under a patent or through a special mobile application.

Advantages:

• No need to register as an individual entrepreneur;

• Exemption from personal income tax;

• A single social contribution of 4% of income, which includes pension, social, and medical contributions.

This regime allows people to work officially, build pension savings, and receive social protection.

The completion of the transition period has helped create a transparent and up-to-date structure of taxpayers and made the system more understandable for businesses and citizens.

 

Source : https://www.gov.kz/memleket/entities/kgd-vko/press/news/details/1178084?lang=kk