The Department of State Revenues in the Akmola region reports the following.

According to Article 348 of the Tax Code of the Republic of Kazakhstan, advance payments are paid by legal entities whose total annual income (SRS), taking into account adjustments for the period preceding the previous tax year, exceeds 600,000 times the monthly calculation indicator (MCI).

The following are exempt from payment of advance payments:

- taxpayers whose income does not exceed the threshold of 600,000 MCI;

- newly created taxpayers - during the current and subsequent tax year;

- non-profit organizations applying the provisions of paragraph 1 of Article 329 and Article 330 of the Tax Code;

- organizations of persons with disabilities meeting the conditions of Article 331 of the Tax Code;

- Astana HUB participants;

- other taxpayers specified in subclauses 7-9 of paragraph 1 of Article 348 of the Tax Code.

Calculation and reporting procedure

Q1 (January, February, March):

Submission of advance payment calculations prior to declaration (TNF 101.01) has been discontinued. Advance payments are accrued automatically by the tax authority in the amount of 1/12 of the amount of advances for the previous period (Article 349 of the Tax Code).

Quarters 2-4 (April - December):

Taxpayers submit the Calculation of advance payments after the declaration (TNF 101.02) no later than April 20 of the current year (Article 350 of the Tax Code).

Adjustment of amounts:

If the amounts of the estimated income change, the taxpayer has the right to submit an additional calculation (TNF 101.02) by December 31 of the reporting tax period.

Advance payments shall be made monthly not later than the 25th day of each month.

Exceeding the actually calculated amount of CPN according to the results of the tax period over the amount of advance payments by more than 20% entails administrative responsibility under Part 3 of Article 278 of the Code of the Republic of Kazakhstan "On Administrative Offenses" (in the form of an administrative fine in the amount of 20% of the excess amount).

We recommend that taxpayers make timely adjustments to the declared amounts of advance payments under CIT.

Рекомендуем налогоплательщикам своевременно производить корректировки заявленных сумм авансовых платежей по КПН.

Source : https://www.gov.kz/memleket/entities/kgd-akmola/press/news/details/1309448?lang=ru