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

Article 633. Declaration of income and property

The declaration on income and property shall be submitted annually as of December 31 of the reporting tax period, starting from the year following the year of submission of the declaration on assets and liabilities by the individuals specified in paragraph 1 of Article 630 of this Code.
Article 634. Features of preparation of a declaration of income and property

1. Excluded by the Law of the Republic of Kazakhstan dated 10.12.2020 No. 382-VI (shall be enforced from 01.01.2021).

2. A declaration of income and property is intended to reflect by individuals of the information about:

1) income received for the calendar year, including outside the Republic of Kazakhstan;

2) tax deductions;

3) acquisition and (or) alienation, and (or) receipt of property on a gratis basis, subject to state or other registration, as well as property under which the rights and (or) transactions are subject to state or other registration, including outside the Republic of Kazakhstan;

4) shall be enforced from 01.01.2025 in accordance with the Law of the Republic of Kazakhstan dated 25.12.2017 No. 121-VI;




5) money in bank accounts in foreign banks located outside the Republic of Kazakhstan, in the total, in total exceeding the 1000-fold amount of the monthly calculation indicator established by the Law on the Republican Budget and valid in the reporting tax period as of December 31.

In this case, persons accepting, in accordance with the Law of the Republic of Kazakhstan "On Combating Corruption", an anti-corruption restriction on opening and holding accounts (deposits) in foreign banks located outside the Republic of Kazakhstan, keeping cash and valuables in foreign banks located outside the Republic of Kazakhstan, shall reflect information in the income and property declaration on the money in foreign banks located outside the Republic of Kazakhstan, regardless of the amount of the bank deposit;

6) property available as of December 31 of the reporting tax period on the basis of the right of ownership of an individual:

property that is subject to state or other registration (accounting) or the right and (or) transactions for which are subject to state or other registration (accounting) in the competent authority of a foreign state in accordance with the legislation of a foreign state;

securities whose issuers are registered outside the Republic of Kazakhstan, digital assets;

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

7) the debts of other persons to an individual (receivables) and (or) the debt of an individual to other persons (accounts payable) if there is an agreement or other document, which is the basis of an obligation or a requirement, notarized (certified), with the exception of debt to banks and organizations carrying out certain types of banking operations created in accordance with the legislation of the Republic of Kazakhstan on banks and banking activity in the Republic of Kazakhstan.

3. Attachments to the declaration of income and property are intended for detailed reflection of information on the calculation of the tax liability used by the tax authorities for tax control.

4. Individuals, including persons who, in accordance with the Law of the Republic of Kazakhstan “On Combating Corruption”, are entrusted with the obligation to submit declarations of individuals, reflect in the declaration of income and property the information on the sources of coverage of the expenses for acquisition of the following property during the reporting tax period, including outside the Republic of Kazakhstan:

1) real estate, subject to state or other registration, as well as property under which the rights and (or) transactions are subject to state or other registration;

2) mechanical vehicles and trailers subject to state registration;

3) shares of participation in the authorized capital of a legal entity;

4) securities;

5) investment gold;

6) derivatives of financial instruments (with the exception of derivatives of financial instruments, the execution of which occurs by acquiring or selling a basic asset);

7) shares of participation in housing construction.

The requirement to reflect these information is indicated in the attachment to the declaration of income and property.

5. Excluded by the Law of the Republic of Kazakhstan dated 10.12.2020 No. 382-VI (shall be enforced from 01.01.2021).

Footnote. Article 634 as amended by the laws of the Republic of Kazakhstan dated 10.12.2020 No. 382-VI (shall be enforced from 01.01.2021); dated 20.12.2021 No. 85-VII (shall be enforced from 01.01.2022); dated 21.12.2022 No. 165-VII (shall be enforced from 01.01.2023).

Article 635 Deadlines for submitting income and property declarations

1. Unless otherwise established by paragraph 2 of this Article, the declaration of income and property shall be submitted at the place of residence (stay):

1) if submitted on paper, no later than July 15 of the year following the reporting calendar year;

2) in case of submission in electronic form - no later than September 15 of the year following the reporting calendar year.

2. Individual entrepreneurs, persons engaged in private practice, shall submit a declaration of income and property within the time limits established by paragraph 1 of this Article, at the location.

3. If there are no approved financial statements as of the date of submission of the income and assets declaration, the calculation of the total profit of controlled foreign companies or permanent establishments of controlled foreign companies shall be made in an additional income and assets declaration submitted within sixty business days following the day approval of financial statements, but no later than March 31 of the second year following the reporting tax period, subject to the provisions of Article 211 of this Code.

Footnote. Article 635 as amended by the laws of the Republic of Kazakhstan dated 02.04.2019 No. 241-VI (shall come into effect ten calendar days after the day of its first official publication); dated 10.12.2020 No. 382-VI (shall come into effect from 01.01.2021).

Article 636 shall come into effect from 01.01.2025 in accordance with the Law of the Republic of Kazakhstan dated 25.12.2017 No. 121-VI.