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

Article 55. Order for the foreclosure and sale of pledged assets, and also for the demand to execute a bank guarantee

1. Upon termination of the deferral or installment plan in the cases established by subparagraphs 2) and 5) of paragraph 2 of Article 54 of this Code, the tax authority shall foreclose on the pledged assets of the taxpayer and (or) a third party or require execution of the bank guarantee.

2. The sale of assets pledged by a taxpayer and (or) a third party shall be carried out by an authorized legal person through auctions.

The procedure for the sale of assets pledged by a taxpayer and (or) a third party, as well as the taxpayer’s (tax agent’s) assets on which restrictions are imposed, is determined by the authorized body.

3. A tax authority, within five business days from expiration of a deadline for the execution of a demand for the payment of taxes and (or) fees, shall submit a request to a guarantor for the payment of the amount of money under a bank guarantee.

Footnote. Article 55 as amended by the Law of the Republic of Kazakhstan dated 21.12.2022 No. 165-VII (shall be enforced from 01.01.2023).



Article 56. Termination of tax obligations

1. A tax obligation of an individual shall be terminated in the event of:

1) his/her death;

2) declaring him/her dead by a final and binding court judgment.

2. A tax obligation of an individual entrepreneur shall be terminated after the individual entrepreneur ceases to operate in accordance with the procedure established by the legislation of the Republic of Kazakhstan.

3. A tax obligation of a legal entity shall be terminated:

1) after its liquidation;

2) after its reorganization through incorporation (in respect of an incorporated legal entity), merger and separation.
Chapter 7. FULFILLMENT OF TAX OBLIGATIONS IN THE EVENT OF LIQUIDATION, REORGANIZATION, TERMINATION OF ACTIVITY OF A TAXPAYER