According to the Almaty Department of State Revenues, if a taxpayer experiences temporary financial difficulties that prevent them from paying taxes on time, the law provides for the possibility of deferring or installing taxes. How does it work?
A deferral or installment plan can be applied to:
- amounts of taxes and payments calculated by the taxpayer independently
- amounts calculated by tax authorities based on the results of audits
- charges based on information from authorized government agencies
A deferral or installment plan is not provided for:
- taxes withheld at the source of payment
- excise taxes
- VAT on imports from the EAEU member states
- taxes and payments received by the National Fund of the Republic of Kazakhstan;
- amounts of fines
Periods for which deferment and installment payments are granted:
- Deferment is granted for up to 6 months with a one-time payment of the entire amount
- Installment payments are granted for up to 3 years with equal monthly or quarterly repayments. If the installment period exceeds 1 year, it can only be granted against the security of real estate.
How to apply:
To take advantage of the preferential regime, you must submit an application in the prescribed form to the state revenue authority at the place of registration via the e-Otinish portal. The tax authority will review your application within 20 business days.
Required documents:
The following must be attached to the application:
- documents confirming the availability of property to be pledged (including an appraisal report);
- information on the absence of other encumbrances (pledges) on this property;
- debt repayment schedule;
- a bank guarantee, if any.
Payment of penalties:
When a deferment or installment plan is granted, the taxpayer is obliged to pay the penalty accrued for the entire period of the deferment/installment plan. However, exceptions are provided in the event of force majeure or the application of the rehabilitation procedure.
Source: Uchet.kz
