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Kazakhstan Forgives Citizenry for Late Tax Payments

Now, people are free of penalties if taxes are paid in full

Photo: Pixabay

As of September 7, 2020, 31,338 individuals in Kazakhstan have used financial amnesty. Under that deal’s conditions, they paid 295.3 million tenge ($698,124) in taxes with no penalties for delay. According to the press service of the State Revenue Committee under the Ministry of Finance, the sum of penalties has amounted to 64.1 million tenge ($151,540) in total.

As financial data shows, the most active taxpayers live in Nur-Sultan. More than 10,000 residents of the capital have already used the tax amnesty. However, in terms of the general amount of payments, the leader is Almaty, where citizens paid 75.6 million tenge ($178,727) in taxes.

The Ministry of Finance expects that by the end of 2020, roughly 1.2 million people will take advantage of tax amnesty. If they do pay 12.7 billion tenge ($30 million) in taxes, the government would be able to write off 4.3 billion tenge ($10.1 million) in penalties.

Earlier, on July 2, the President of Kazakhstan Kassym-Jomart Tokayev signed the law “On Amendments and Additions to the Code of the Republic of Kazakhstan On Taxes and Other Mandatory Payments to the Budget” (Tax Code) as well as the law “On the Enactment of the Code of the Republic of Kazakhstan on Taxes and Other Obligatory Payments to the Budget.”

The main condition for the penalty to be written off is the payment of the principal debt. After that, the penalty interest fades automatically. The tax amnesty will last until December 31 of this year. The only exceptions are the property tax and the land tax for 2019 that should be paid by October 1, 2020.

The information about the presence/absence of tax debts is available on the State Revenue Committee’s website. The taxpayer can also use the eSalyq mobile application through AppStore or PlayMarket.
 

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