The Resolution of the Government of the Republic of Kazakhstan dated March 20, 2020 No.126 “On measures to implement the Decree of the President of the Republic of Kazakhstan dated March 16, 2020 No. 287“ On further measures to stabilize the economy ”(as amended and supplemented on March 28, 2020) provides the following tax incentives:
The correction coefficient "0" is set for the period until December 31, 2020 inclusive to the rates of the following taxes:
- property tax of legal entities and individual entrepreneurs in large retail facilities, shopping and entertainment centers, cinemas, theaters, exhibitions and wellness and sports facilities;
- land tax on agricultural lands of agricultural producers;
- individual income tax of individual entrepreneurs working according to the generally established taxation procedure
The accrual of penalties for non-fulfilled tax obligations is suspended until August 15, 2020, and the deadline for submitting tax reports is postponed to the 3rd quarter of 2020 for all taxes for the following categories of taxpayers:
- property tax of legal entities and individual entrepreneurs for large retail facilities, shopping and entertainment centers, cinemas, theaters, exhibitions and sports and recreation facilities;
- land tax on agricultural lands of agricultural producers
(*) These incentives are provided in accordance with the Decree of the President of the Republic of Kazakhstan dated March 15, 2020 No. 285 “On the introduction of a state of emergency in the Republic of Kazakhstan”, dated March 16, 2020 No. 286 “On measures to ensure socio-economic stability” and dated 16 March 28, 2020 No. 287 “On further measures to stabilize the economy”
