According to the Uchet.kz portal with reference to the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan, retrospective changes to abolish tax deductions will not be introduced from January 1, 2025.
Earlier, the Senate considered the draft Law of the Republic of Kazakhstan “On Amendments and Supplements to the Code of the Republic of Kazakhstan “On Taxes and Other Mandatory Payments to the Budget” (Tax Code) and the Laws of the Republic of Kazakhstan on the Issues of Putting It into Force”. However, the proposal to retrospectively change the procedure for applying tax deductions was not supported, since this worsens the situation for taxpayers.
According to the current Tax Code, from January 1 to December 31, 2025, individuals will be able to use the following tax deductions:
- Deduction for mandatory pension contributions;
- Deduction for contributions to mandatorysocial health insurance;
- Standard tax deductions:
- 14 MCI per month or 168 MCI per year for all individuals;
- 882 MCI per year for socially vulnerable categories (persons with disabilities, parents of disabled children, etc.);
- Deduction for large families – no more than 282 MCI per year;
- Other deductions, including:
- for voluntary pension contributions,
- for education – up to 118 MCI per year,
- for medicine – up to 118 MCI per year,
- for remuneration (for example, for a mortgage) – up to 118 MCI per year.
Other tax deductions can only be applied independently when filing a declaration of income and property.
However, the tax agent has the right to take into account the preliminary amount of other deductions specified by an individual in the application as an estimated annual amount, but not more than 282 MCI, without the need to provide supporting documents.
For example, if a person expects to apply only a deduction for a mortgage, he can indicate an amount of up to 118 MCI.
In accordance with the Draft Law of the Republic of Kazakhstan “On Amendments and Supplements to the Code of the Republic of Kazakhstan “On Taxes and Other Mandatory Payments to the Budget” (Tax Code) and the Laws of the Republic of Kazakhstan on the Issues of Putting It into Force”, adopted by the Parliament of the Republic of Kazakhstan (hereinafter referred to as the Law), an individual has the right to independently indicate the amount of preliminary other deductions:
- in the amount of 23.5 MCI per month, or
- in the amount of 282 MCI per year with the possibility of transferring the excess to subsequent months within a year.
It has also been established that a tax agent may begin applying such preliminary deductions from any month of 2025, if a corresponding application has been received from an individual.
Individuals who have filed an application for the application of preliminary deductions are required to submit a declaration of income and property for 2025 by September 15, 2026, indicating:
- actually confirmed deductions (pension contributions, education, medicine, mortgage),
- all income for the year,
- the calculated amount of individual income tax to be paid or refunded.
Documents confirming deductions must be kept for the limitation period.
For large families, the Law also establishes a choice:
- one of the parents can apply a deduction in the amount of 23.5 MCI monthly,
- or both parents – 11.75 MCI per month each, which in total is the same annual limit – 282 MCI.
Additionally, a new tax deduction has been included in the Law – on the amounts of social contributions withheld from income under civil law contracts, if the subject of the contract is the performance of work or the provision of services.
Source: Uchet.kz
