Amendments to the Tax Code of the Republic of Kazakhstan related to universal declaration have come into effect. The relevant law was signed by the Head of State on July 15 and introduces changes to the declaration obligations for certain categories of citizens.
According to the new regulations, as of January 1, 2025, individuals who were not included in the first three stages of universal declaration are exempt from mandatory declaration. These include, in particular, pensioners, employees of private organizations, students, homemakers, and others.
However, individuals who own assets or hold bank accounts abroad are still required to submit declarations.
In addition, foreign nationals and stateless persons who are non-residents of Kazakhstan are no longer required to report on their assets.
Who must submit the Declaration of Assets and Liabilities (Form 250.00)?
The following individuals are required to submit the Declaration of Assets and Liabilities:
- Candidates for elective and public office, as well as their spouses;
- Individuals applying for the status of major participant in banks, the securities market, and insurance organizations, as well as their spouses;
- Individuals engaged in private practice (notaries, lawyers, private bailiffs, mediators);
- Citizens and residents of the Republic of Kazakhstan who own digital assets;
- Citizens and residents of Kazakhstan who own foreign assets, including:
- Real estate, vehicles, land;
- Shares in foreign companies;
- Funds in foreign bank accounts exceeding 1,000 MCI (in 2025 – KZT 3,932,000);
- Investment gold;
- Shares in housing construction projects;
- Securities and derivative financial instruments issued by foreign entities;
- Funds in foreign brokerage accounts;
- Intellectual property and copyrights;
- Receivables/payables owed by or to individuals, supported by documentation;
- Other property (optionally) valued at more than 1,000 MCI (if an official valuation is available).
What has changed in the list of information required in Form 250.00?
The list of information to be disclosed in the Declaration of Assets and Liabilities has been updated to include:
- Funds held in foreign brokerage accounts;
- Property valued at more than 1,000 MCI, if its value as of December 31 of the reporting year is determined in a valuation report, based on a contract between the appraiser and the taxpayer (including foreign legislation), provided the valuation is dated no later than September 15;
- Receivables/payables: in addition to notarized contracts, debts can now also be confirmed by:
- Reconciliation acts and civil law contracts between individuals and legal entities or individual entrepreneurs, including non-residents;
- or by a court decision that has entered into legal force;
- Securities, excluding derivative securities based on securities issued in Kazakhstan or digital assets.
Who must submit the Declaration of Income and Property (Form 270.00)?
The following individuals are required to submit the Declaration of Income and Property (Form 270.00):
- Civil servants and equivalent categories, as well as their spouses;
- Major participants in banks, the securities market, and insurance companies, and their spouses;
- Executives, founders (participants) of quasi-public sector entities and legal entities who own more than 10% of the charter capital (or shares in joint-stock companies), and their spouses;
- Individuals engaged in private practice (notaries, lawyers, private bailiffs, mediators);
- Individuals receiving self-taxable income (e.g., rental income, interest from foreign bank accounts, income from digital asset transactions, or other income not subject to withholding), excluding income from individual entrepreneurship;
- Individuals with funds in foreign bank accounts exceeding 1,000 MCI in total;
- Individuals with foreign assets (real estate, vehicles, securities, derivative instruments, investment gold, shares in foreign companies, shares in housing construction);
- Individuals who own digital assets;
- Individuals who acquired property during the reporting year with a total value exceeding 20,000 MCI (in 2025 – KZT 78,640,000), including property acquired outside of Kazakhstan;
- Individuals who submitted a statement to the tax agent requesting the application of advance deductions.
Expanded list of persons required to report on property acquisition/disposal and sources of funding
In addition to persons obligated under the Law of the Republic of Kazakhstan “On Combating Corruption”, the following categories must now also report property transactions and the sources of funds used:
- Major participants in banks, insurance (reinsurance) companies, investment managers, and their resident spouses;
- Executives and founders (participants) of legal entities owning more than 10% of the charter capital (or shares in joint-stock companies), and their resident spouses;
- Individuals who acquired property during the reporting year with a total value exceeding 20,000 MCI.
