On taxes and other obligatory payments to the budget (Tax Code)

Article 365. Income of a private practice owner

1. Taxable income of a private practice owner is determined as the amount of income of a private practice owner, which is defined in accordance with Article 336 of this Code.

2. The amount of individual income tax on income of private practice owners is calculated for income received for a month on the basis of the results of each month, by applying the rate established by paragraph 1 of Article 320 of this Code to the amount of taxable income of a private practice owner.

3. The amount of the calculated tax is payable on a monthly basis on or before the 5th day of a month following the month for which the tax was calculated.

Amendmends are provided in Article 366 by the Law of the Republic of Kazakhstan dated 10.12.2020 No. 382-VI (shall be enforced from 01.01.2021).
Article 366. Income of an individual entrepreneur

1. Taxable income of an individual entrepreneur, applying the generally established tax regime, for a taxable period is determined as follows:

taxable income of an individual entrepreneur determined in accordance with paragraph 2 of this article

minus

the reduction of taxable income of an individual entrepreneur, which is determined in accordance with the procedure similar to that for determining the reduction of taxable income for the purposes of calculating corporate income tax, established by Article 288 of this Code,

plus

total profit of controlled foreign companies or permanent establishments of controlled foreign companies, determined in accordance with Article 340 of this Code,

minus

losses, subject to carry-forward, determined in accordance with the procedure similar to that for carrying forward losses for the purposes of calculating corporate income tax, established by Articles 299 and 300 of this Code.

2. Taxable income of an individual entrepreneur for a taxable period is determined as follows:

total income of an individual entrepreneur for a taxable period, determined in accordance with the procedure similar to that for determining total annual income for the purposes of calculating corporate income tax, established by Article 225 of this Code, with account of the features provided for in Articles 226-240 of this Code,

minus

adjustment of total income of an individual entrepreneur for a taxable period, determined in accordance with the procedure similar to that for determining the adjustment of total annual income for the purposes of calculating corporate income tax, established by paragraph 1 of Article 241 of this Code,

plus (minus)

adjustment of total income of an individual entrepreneur for a taxable period, determined in accordance with the procedure similar to that for determining the adjustment of total annual income for the purposes of calculating corporate income tax, established by paragraph 2 of Article 241 of this Code,

minus

deductions, determined in accordance with the procedure similar to that for determining expenses allocated to deductibles for the purposes of calculating corporate income tax, established by Articles 242 to 276 of this Code,

plus (minus)

adjustment of income and deductions, determined in accordance with the procedure similar to that for determining the adjustment of income and deductions for the purposes of calculating corporate income tax, established by Article 287 of this Code.
SECTION 10. VAT
Chapter 41. GENERAL PROVISIONS