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

Article 342. General provisions on tax deductions

1. An individual has the right to apply the following types of tax deductions:

1) tax deduction in the form of mandatory pension contributions - in the amount established by the legislation of the Republic of Kazakhstan on pension provision;

1-1) tax deduction for contributions to compulsory social medical insurance - in the amount established by the legislation of the Republic of Kazakhstan on compulsory social medical insurance;

2) tax deduction with respect to pension payments and accumulative insurance agreements;

3) standard tax deductions (hereinafter referred to as standard deductions);

4) other tax deductions (hereinafter referred to as other deductions), which include:

tax deduction for voluntary pension contributions;

tax deduction for medicine;

tax deduction for remuneration.

2. Tax deductions are applied by:

1) a tax agent –for income subject to taxation at the source of payment, in the manner and in cases provided for in Article 343 of this Code;

2) an individual on his/her own - for income subject to self-assessment by an individual in accordance with paragraph 3 of this article.

3. Tax deductions are applied when calculating the individual income tax on the aggregate amount of income subject to self-assessment by an individual if these deductions were not made in determining the income of an employee.

4. Tax deductions are applied on the basis of documents confirming the right to apply tax deductions (hereinafter referred to as supporting documents). An individual retains original copies of such documents within the limitation period set by paragraph 2 of Article 48 of this Code.

5. Tax deductions shall be applied in the sequenceindicated in paragraph 1 of this article.

Note.

For the purposes of this chapter, the minimum wage is the minimum wage established by the law on the national budget and effective as of 1 January of a relevant financial year.

To Article 343 is provided for amendment by the Law of the Republic of Kazakhstan dated 02.04.2019 № 241-VI (shall be enforced from 01.01.2020); dated 10.12.2020 No. 382-VI (shall be enforced from 01.01.2021).