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

Article 267. Determination of the value balance

1. Fixed assets shall be accounted for by groups formed in accordance with the classification established by the authorized state body exercising state regulation in technical regulation area, in the following order:

Item №	Group №	Fixed assets
1	2	3
1.	I	Buildings, structures, except for oil, gas wells and transfer devices
2.	II	Machinery and equipment, except for machinery and equipment for oil and gas production, as well as computers and information processing equipment
3.	III	Computers, software and information processing equipment
4.	IV	Fixed assets not included in other groups, including oil, gas wells, transfer devices, machinery and equipment for oil and gas production

Each group I item is equated to a subgroup.

2. With respect to each subgroup (of group I), group, final amounts are determined at the beginning and at the end of a taxable period, which are called the value balance of a subgroup (of group I), group.

The value balance of group I consists of value balances of subgroups for each item of fixed assets and the value balance of a subgroup formed in accordance with subparagraph 2) of paragraph 2 of Article 272 of this Code.

3. The residual value of group I fixed assets is the value balance of subgroups at the beginning of a taxable period with account of adjustments made in the taxable period in accordance with Article 272 of this Code.

4. Fixed assets are accounted for:

1) as broken down by fixed assets, each of which forms a separate subgroup of the group’s balance value – with regard to group I;

2) as broken down by groups’ value balances – with regard to groups II, III and IV.

5. Received fixed assets increase relevant balances of subgroups (with regard to group I), groups (with regard to the rest groups) by the value determined in accordance with Article 268 of this Code in the manner specified in this article.

6. Disposed fixed assets reduce relevant balances of subgroups (with regard to group I), groups (with regard to the rest groups) by the value determined in accordance with Article 270 of this Code, in the manner specified in this article.

7. The value balance of a subgroup (of group I), a group at the beginning of a taxable period is determined as:

the value balance of a subgroup (of group I), a group at the end of a previous taxable period

minus

the amount of depreciation allowances calculated in a previous taxable period,

minus

adjustments made in accordance with Article 273 of this Code.

The valuebalance of a subgroup (of group I), a group at the beginning of a taxable period shall not be negative.

8. The value balance of a subgroup (of group I), a group at the end of a taxable period is determined as:

the balance value of a subgroup (of group I), a group at the beginning of a taxable period

plus

fixed assets received in a taxable period

minus

fixed assets disposedof in a taxable period

plus

adjustments made in accordance with paragraph 2 of Article 272 of this Code.

9. A trust manager shall form separate value balances of groups (subgroups) for fixed assets specified in subparagraph 3) of paragraph 1 of Article 266 of this Code and maintain separate tax accounting for such assets on the basis of Articles 194 and 195 of this Code.

10. A taxpayer is obliged to form separate value balances of groups (subgroups) in terms of the value, not deducted before January 1, 2009, of fixed assets put into operation before and (or) after January 1, 2009 as part of an investment project under contracts granting corporate income tax exemption, concluded before January 1, 2009 in accordance with the legislation of the Republic of Kazakhstan in the field of entrepreneurship.

Footnote. Article 267 as amended by the Law of the Republic of Kazakhstan dated 10.12.2020 No. 382-VI (effective from 01.01.2021).