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

Article 344. Featuresof application of tax deductions by an individual on his/her own

The amount of excess tax deductions formed by a tax agent, as well as the amount of a tax deduction not applied by the tax agent, is accounted for by an individual on his/her own when calculating the self-assessed taxable income of an individual.
Article 345. Tax deduction for pension payments and accumulative insurance contracts

1. To the income in the form of pension payments to be taxable, a tax deduction is applied in the following amounts:

1) for payments provided for in subparagraph 1) of Article 326 of this Code, in the amount of a 14-fold monthly calculation indicator established by the Law on the Republican Budget and the income, valid on the day of accrual of income in the form of a pension payment for each month for which a pension payment is made;

2) for payments provided for in subparagraph 2) of Article 326 of this Code, in the amount of the 168-fold monthly calculation indicator established by the Law on the Republican Budget and the income, valid on the day of accrual of income in the form of a pension payment.

2. To the income under accumulative insurance contracts, subject to taxation in the form of insurance payments made by insurance organizations whose insurance premiums were paid at the expense of pension savings in a single accumulative pension fund, a tax deduction is applied in the amount of a 14-fold monthly calculation indicator established by the law on the republican budget and the income, valid on the day of accrual of the income in the form of an insurance payment, for each month of accrual of income in the form of an insurance payment for which the insurance payment is made.

To Article 346 is provided for amendments by the Law of the Republic of Kazakhstan dated 26.12.2018 No. 203-VI (shall be enforced from 01.01.2020).