ALIN Legislative News
From Institute of Legislation and Legal Information of the Republic of
Kazakhstan
Changes in laws
that will affect life in 2024 Maria Agarkova.
MANDATORY
DECLARATION OF INCOME In 2024
The third stage of mandatory income declaration will start in the
republic. At the first stage of such a procedure, Kazakhstanis holding
responsible government positions and their spouses had to submit income
declarations. The second one is occupied by employees of state institutions and
their spouses. Now it’s the turn of managers, founders of organizations, and
individual entrepreneurs. At the final, fourth stage, which will begin in 2025,
all other Kazakhstanis will have to submit declarations. In the declaration,
you will need to specify information about your movable and immovable property,
including that located abroad. It will also be necessary to reflect information
about money stored in foreign banks (if the amount of savings exceeds 1000
times the size of the MCI) and in Kazakhstani banks (if the amount of deposits
exceeds 10000 times the size of the MCI). If you do not provide a declaration,
then the violator will face administrative liability. The first time he will be
given a warning, and the second time a fine of 15 MCI will already be imposed.
Author: Maria
Agarkova
The Topic: Changes
in legislation that may affect life in 2024 after January 2024
Jurisdiction: The
Republic of Kazakhstan
Date: January,
2024