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

Article 631 Peculiarities of drawing up a declaration of assets and liabilities

1. The declaration on assets and liabilities shall be intended for reflection by individuals specified in paragraph 1 of Article 630 of this Code, the information on the presence in the Republic of Kazakhstan and beyond:

1) property for which rights and (or) transactions are subject to state or other registration with the competent authority of a foreign state in accordance with the legislation of a foreign state:

real estate, land plots and (or) land shares, aircraft and sea vessels, inland navigation vessels, river-sea navigation vessels;

vehicles, special equipment and (or) trailers;

money on bank accounts in foreign banks located outside the Republic of Kazakhstan, in an amount that in the aggregate exceeds for all bank deposits 1000 times the monthly calculation index established by the law on the republican budget and effective as of December 31 of the reporting tax period;

2) property in the Republic of Kazakhstan and (or) outside it:

share in a residential building under an agreement on equity participation in housing construction;

share of participation in the authorized capital of a legal entity established outside the Republic of Kazakhstan;

securities, derivative financial instruments (except for derivative financial instruments, the execution of which occurs through the acquisition or sale of the underlying asset);

investment gold;

objects of intellectual property, copyright;

cash, which is indicated in an amount not exceeding the limit of 10,000 times the monthly calculation index established by the law on the republican budget and effective as of December 31 of the year preceding the year in which the declaration of assets and liabilities of an individual is submitted;

debt of other persons to an individual (accounts receivable) and (or) debt of an individual to other persons (accounts payable) in the presence of an agreement or other document that is the basis for the emergence of an obligation or claim, notarized (certified), except for debt to banks and organizations, carrying out certain types of banking operations, established in accordance with the legislation of the Republic of Kazakhstan on banks and banking activities in the Republic of Kazakhstan;

3) other property specified in paragraph 4 of this Article.

2. Annexes to the declaration of assets and liabilities shall be intended to reflect in detail the information on the information specified in paragraph 1 of this Article, used by the tax authorities for tax control.

3. Persons who, in accordance with the Law of the Republic of Kazakhstan "On Combating Corruption", are required to submit declarations of individuals, in the annexes to the declaration of assets and liabilities, shall also reflect information on the transfer of property for trust management, trusts.

4. In the declaration of assets and liabilities, at the request of an individual, other property may be indicated if the price (value) per unit of this property exceeds 1000 times the monthly calculation index established by the law on the republican budget and effective as of December 31 of the reporting tax period, if there is a value determined in the valuation report carried out under an agreement between the appraiser and the taxpayer in accordance with the legislation of the Republic of Kazakhstan on valuation activities.

The provision of part one of this subparagraph shall not apply to property subject to state or other registration, as well as property in respect of which rights and (or) transactions are subject to state or other registration.