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

Article 699. Taxable period

A taxable period for the application of the special tax regime is a calendar year.
Article 700. The feature of calculation of certain types of taxes

1. Agricultural producers, agricultural cooperatives, applying the special tax regime, may reduce by 70 percent the amounts of the following taxes payable to the budget:

1) the amounts of corporate income tax or individual income tax (except for taxes withheld at source of payment) - on income from the activities specified in paragraph 2 of Article 698 of this Code;

2) the amount of social tax - on taxable items related to the performance of activities specified in paragraph 2 of Article 698 of this Code;

3) the amounts of the property tax, the vehicle tax - on taxable items used in the performance of activities specified in paragraph 2 of Article 698 of this Code.

2. The reduction of the amount of corporate income tax, provided for in this article, shall also apply:

1) when calculating the amounts of advance payments of corporate income tax, determined in accordance with Article 305 of this Code;

2) to income received in the form of budgetary subsidies granted to legal entities producing agricultural products in the areas indicated in paragraph 2 of Article 313 of this Code.

3. Agricultural producers applying this special tax regime calculate taxes, specified in paragraph 1 of this article, in accordance with the generally established procedure.

Calculation, payment of individual income tax amounts withheld at the source of payment, and transfer of social payments, with the exception of amounts included in a single payment, shall be made by a taxpayer applying this special tax regime in the generally established manner.

Calculation, payment of the amount of a single payment shall be made in the manner prescribed by Chapter 89-1 of this Code.

Footnote. Article 700 as amended by the Law of the Republic of Kazakhstan dated 21.12.2022 No. 165-VII (shall be enforced from 01.01.2023).