By Order of the Minister of Finance of the Republic of Kazakhstan dated 6 August 2026, a new version of the Standard chart of accounts for accounting has been approved. The amendments will come into effect on 1 January 2027 and provide for updates to certain accounts, their grouping, and the way transactions are recorded by type of activity.
Key changes to the chart of accounts
The new version retains the existing structure: accounts remain grouped into eight sections, and each account number consists of four digits. At the same time, an entity retains the right to determine the last digit of an account independently, taking into account the specifics of its activities.
The main changes concern the composition of accounts and the allocation of transactions within individual sections.
One of the most notable additions is account 1070, “Digital tenge and electronic money.” It is intended to record transactions involving digital tenge and electronic money.
The new version also introduces separate accounts for allowances for impairment losses. These include, in particular, cash, financial assets, trade receivables, inventories, property, plant and equipment, and intangible assets. These accounts allow expected credit losses and impairment of assets to be recorded separately.
The list of accounts related to contracts with customers has also been expanded. The chart of accounts now includes separate accounts for current and non-current contract assets and liabilities, as well as contract costs and their amortisation.
In addition, a “Right-of-use asset” account has been introduced separately for property, plant and equipment and intangible assets, together with related depreciation and impairment allowance accounts. A separate account has also been introduced within payment liabilities for employer mandatory pension contributions (OPVR).
Changes to the accounting for income and expenses
Significant changes have been made to Sections 6 “Income” and 7 “Expenses”. Their structure has been revised to classify transactions by type of activity: operating, investing and financing.
Under the new version, Section 6 “Income” will be structured as follows:
- 6000 Operating income;
- 6100 Other operating income;
- 6200 Income from investing activities;
- 6300 Income from financing activities;
- 6400 Income related to discontinued operations.
A similar approach has been applied to Section 7 “Expenses”. It includes:
- 7000 Operating expenses;
- 7100 Other operating expenses;
- 7200 Expenses from investing activities;
- 7300 Expenses from financing activities;
- 7400 Expenses related to discontinued operations;
- 7500 Corporate income tax expenses.
How to prepare for the transition
Although the new version will only apply from 1 January 2027, companies are advised to assess the impact of the changes on their accounting systems in advance.
In particular, by the end of 2026, it is advisable to:
- bring the working chart of accounts and accounting policies into line with the new version;
- review the account correspondences currently in use;
- analyse changes to the classification of income and expenses;
- check the settings of the accounting software in use;
- determine how balances will be transferred to new and renamed accounts.
Early preparation will help minimise the risk of errors during the transition and ensure that transactions are recorded correctly from the beginning of 2027.
