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20.02.2019

Tax Amnesty for business: how much money did govt write off?

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How's that Tax Amnesty for business in Kazakhstan?

State Revenue Committee of Ministry of Finance of Kazakhstan presented the first results of the Tax Amnesty for business,  Sputnik Kazakhstan reports.

The government is writing off 20.4 million tenge (54 thousand dollars) in unpaid tax fines. This was a tax debt of 968 medium and small businesses.

More than 29,000 taxpayers repaid the amount of unpaid tax as of October 1, 2018. The total amount made six billion tenge (15.8 million dollars).

How much money will be written off?

The government is writing off penalties in the amount of 1.1 billion tenge (2.9 million dollars) and fines in the amount of 200 million tenge (529 thousand dollars).

Who falls under Tax Amnesty?

According to preliminary estimates, 90,077 subjects of medium and small business fall under Tax Amnesty. As of October 1, 2018, they have tax debts in the amount of 340.6 billion tenge (901 million dollars).

Where to go to apply for writing off debts

Businessmen do not need to go to government revenue authorities. Penalties and fines will be written off without an application from the taxpayer.

Exceptions are those Kazakhstanis who have received a deferment (installment plan) on paying taxes or are at the stage of rehabilitation procedure.

Tax Amnesty for individuals

President Nursultan Nazarbayev ordered a tax amnesty for businessmen and individuals.

Almost a third of the debtors out of individuals paid the principal debt. It was reported that the amount of the paid arrears amounted to 5.9 billion tenge (15.6 million dollars).

«...Domestic business, the so-called national bourgeoisie, should be supported in every possible way, and those who prevent its development by unreasonable inspections, extortions, raids should be strictly punished...»

Statement from the President of Kazakhstan Kassym-Jomart Tokayev at an enlarged meeting of the Government on 15 July 2019

Zhursunov R.M.

Ombudsman for the Protection of the rights of Entrepreneurs of RK

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