Kazakhstan approves general declaring incomes

24 July, 2018, 11:25 199
Kazakhstan approves general declaring incomes

It will go into effect since January 1,2020.

According to the order, approved by the minister of finance of Kazakhstan Bakhyt Sultanov, citizens of Kazakhstan are to enter the income on cash above 500 minimal wages, BNews.kz correspondent informs.

In addition, it will be necessary to provide information about real estate and securities.

"The declaration is made by an individual who is on January 1 of the year of submitting a declaration on assets and liabilities: a resident of the Republic of Kazakhstan in accordance with the provisions of the Tax Code, which is one of the following persons: an adult citizen of the Republic of Kazakhstan, oralman, a person holding a residence permit, one of the paragraphs of the order reads.

If the property belongs to a minor, then the declaration must be filled in by parents or official guardians.

It is also worth noting that in the initial input declaration it will be necessary to show the creditor and receivables.