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

Article 256. Deduction of expenses for insurance premiums and contributions of participants in guarantee systems

1. Insurance premiums (to be) paid by an insurant under insurance contracts, except for insurance premiums under accumulative insurance agreements, shall be deductible.

2. The amount of mandatory calendar, additional and emergency contributions transferred in connection with the guarantee of deposits of individuals is subject to deduction by a bank participating in the mandatory deposit insurance system for individuals.

3. The amount of mandatory, emergency and additional contributions transferred in connection with the guarantee of insurance payments is subject to deduction by an insurance, reinsurance organization participating in the insurance payments guarantee system.

4. is excluded by the Law of the Republic of Kazakhstan dated 24.06. 2021 No. 53-VII (effective from 01.01.2022).

5. The amount of annual mandatory contributions transferred to guarantee the fulfillment of obligations for grain receipts is subject to deduction by a grain receiving enterprise participating in the system guaranteeing the fulfillment of obligations for grain receipts.

Footnote. Article 256 as amended by the Law of the Republic of Kazakhstan dated 24.06. 2021 No. 53-VII (effective from 01.01.2022).



Article 257. Deduction of expenses for assessed income of employees and other payments to individuals

1. Subject to deduction are employer’s expenses for employees’ income subject to taxation specified in paragraph 1 of Article 322 of this Code (including the employer’s expenses for the employee’s income specified in subparagraphs 20), 22), 23) and 24) of paragraph 1 of Article 644 of this Code), except for:

1) those included in the initial value of:

fixed assets;

objects of preferences;

non-depreciable assets;

2) those included in the prime cost of inventories and deductible through the prime cost of such inventories, which is determined in accordance with international financial reporting standards and (or) the requirements of the legislation of the Republic of Kazakhstan on accounting and financial reporting;

3) those recognized as subsequent expenses in accordance with Paragraph 2 of Article 272 of this Code;

4) the taxpayer’s expenses, provided for in paragraph 2 of this article.

Deductible are, among other things, the employer’s actual expenses for training, advanced training and (or) retraining of the employee.

Paragraph 2 to be amended by the Law of the Republic of Kazakhstan dated 24.06. 2021 No. 53-VII (effective from 01.07.2021).

Note!

In paragraph 2 amendment is envisaged pursuant to the Law of the Republic of Kazakhstan dated 21.12.2022 No. 165-VII (effective from 01.01.2023).

This version of paragraph 2 shall be valid until 01.01.2025 in accordance with the Law of the Republic of Kazakhstan dated 25.12.2017 No. 121-VI (for the suspended version, see the archived version of the Tax Code of the Republic of Kazakhstan dated 25.12.2017).

2. The taxpayer's expenses in the form of payments to individuals specified in subparagraphs 1), 5), 7), 8), 9), 10), 10-1) and 12) of paragraph 2 of Article 319, subparagraphs 42) and 44) of paragraph 1 of Article 341 of this Code are subject to deduction.

3. Mandatory professional pension contributions paid by a taxpayer according to the rules of the single accumulative pension fund shall be deductible within the limits established by the legislation of the Republic of Kazakhstan on pensions.

4. Voluntary pension contributions paid by a tax agent in favor of an employee are deductible.

Footnote. Article 257 as amended by the Law of the Republic of Kazakhstan dated 02.04.2019 No. 241-VI (shall be enforced from 01.01.2018); dated 10.12.2020 No. 382-VI (enforcement, Article 2); dated 21.12.2022 No. 165-VII (shall be enforced from 01.01.2023).