Kazakhstan's Ministry of National Economy developed business activity criteria for applying special tax regimesKazakhstan's Ministry of National Economy has put up for discussion the lists for the application of special tax regimes (STR), publishing the corresponding draft resolution.The STR based on a simplified declaration combines elements of two existing regimes - the simplified declaration and the retail tax. The following entities will not be able to use this regime: businesses with an annual income exceeding 600,000 MCI (2.359 billion tenge); legal entities with a share of participation by other companies exceeding 25%; organizations where founders or participants are simultaneously participants or founders in other legal entities on an STR; non-profit organizations; taxpayers (individuals, individual entrepreneurs) who are founders or participants of a legal entity applying a special tax regime; participants of the Astana Hub special economic zone; taxpayers operating under joint activity agreements.The list of prohibited industries includes those related to big business: manufacturing, construction, subsurface resource use, activities of natural monopoly entities, wholesale trade, retail in areas exceeding 2,000 sq. m, telecommunications, internet and IT, financial and insurance services, professional agency and consulting services, R&D, etc."Out of 1,111 NCEA (National Classifier of Economic Activities) codes, the restrictions will affect 795 types of activities (70% of NCEA codes), however, in terms of taxpayers, only about 30%. The main reason is that a significant part of operations in these spheres (more than 76% of the total turnover) comes from transactions with large businesses applying the general tax regime: in construction - 99.9%, in subsurface resource use - 98.7%, in transport and warehousing - 96.7%," the ministry explained.In turn, the simplified regime is proposed to be retained for about 300 types of activities focused on serving the population.At the same time, taxpayers with an annual turnover of up to 40 million tenge will not be VAT payers when switching to the general regime, the ministry emphasized.The document will reduce the unfair use of STRs, increase administrative efficiency, fairly distribute the tax burden, and create more favorable conditions for small businesses, the Ministry of National Economy notes.A separate government resolution proposes to establish a list of activities available for the self-employed without registering as an individual entrepreneur, without employees, and with an income of up to 300 MCI per month.The new Tax Code in Kazakhstan will come into effect on January 1, 2026. The new Tax Code will reduce the number of special tax regimes from the current six to three: for the self-employed, based on a simplified declaration, and for farm enterprises. The self-employed will be able to calculate and make payments via a mobile application. (ICE ALMATY)

Fonte notizia: INTERFAX