Review changes in legislation

News for business due to emergency situation in the Republic of Kazakhstan
News for business due to emergency situation in the Republic of Kazakhstan
18.03.2020

Contents

  • State support of the State Revenue Committee of the Ministry of Finance of the RK for the period of emergency
  • Obtaining force majeure certificates
  • Loan deferral
  • Planned support measures for temporarily closed facilities
  • Regulations for payment of salaries and work for the period of the state of emergency


Accounting and tax records 21.02-16.03.2020
Accounting and tax records
21.02-16.03.2020

Contents

  • Reduction of penalty amount by 50% in case of voluntary execution of a notice
  • New CIT declaration forms
  • Amendments to the rules for carrying out state purchases are made
  • Proposal to postpone the term for introduction of accompanying waybills for goods
  • Revision of the statute of limitations for tax liabilities incurred before January 1, 2020
  • Increase of base rate
  • List of offshore zones has been established


Salary calculation, HR records management, labor legislation 21.02-16.03.2020
Salary calculation, HR records management, labor legislation
21.02-16.03.2020

Contents

  • On escalation of measures to prevent coronavirus infection in the Republic of Kazakhstan. On the emergency situation regime introduced in the Republic of Kazakhstan since March 16, 2020
  • The unified tariff and qualification reference book of employees' work and professions, issue 62 "Work in the sphere of household services" was approved
  • Amendments and additions have been made to the risk assessment criteria and checklists for compliance with the labor legislation of the Republic of Kazakhstan
  • The regulations of drawing up the form of demand of state revenue authorities for confirmation of data on education expenses made by an individual on the territory of the Republic of Kazakhstan were approved
  • The rules of drawing up the form of the state revenue authorities' demand for confirmation of expenses on repayment of remuneration on housing mortgage loans received by an individual to purchase housing in the Republic of Kazakhstan were approved


Accounting and tax records 01.01-20.02.2020
Accounting and tax records
01.01-20.02.2020
25.02.2020

Contents

  • Rates of minimum wage, minimum calculation index and other estimates for 2020 have been approved
  • Exemption from taxes (corporate (individual) income tax, social tax, single land tax) of micro or small business entities for three years
  • Moratorium on inspections of micro- or small business entities for three years
  • Financial statement forms for large business entities (except for financial organizations) have been approved
  • Cancellation of fixed tax from January 1, 2020
  • Obligatory application of the cash register with the function of data fixation and/or transfer in cash settlements
  • Change of the budget classification code when paying the CIT
  • Accompanying waybills for goods will be introduced from 2020
  • The list of companies subject to tax audit in the 1st half of 2020 has been published
  • Amendment of the statute of limitations


Salary calculation, HR records management, labor legislation 01.01-20.02.2020
Salary calculation, HR records management, labor legislation
01.01-20.02.2020
25.02.2020

Contents

  • Limits for calculating taxes and social payments from employee income in 2020
  • Taxation of employees' salaries in 2020
  • Changes in the Compulsory Social Medical Insurance contribution rate
  • Introduction of Compulsory Social Medical Insurance Contributions
  • Exemption from payment of Compulsory Social Medical Insurance Contributions
  • Changes in the calculation of Personal Income Tax
  • Changes of Individual Income Tax on social deductions
  • Change in the order of taxation of Social Tax
  • On application of 90% adjustment of income less than 25 minimum salary
  • On transfer of the approved application form to tax deduction and settlement certificates
  • Cancellation of the lower limit on Compulsory Pension Contributions on civil contracts
  • Planned changes in taxation on civil contracts
  • Postponement of Compulsory Pension Contributions at the expense of employers
  • Postponement of other tax deductions for physical entities
  • On cancellation of the report on 1-IR "Report on foreign labor attraction to the Republic of Kazakhstan"
  • Electronic accounting of employment contracts
  • On making amendments and supplements to the Regulations on financing training of Kazakhstani personnel by subsoil users


Legislative Changes Review January 2020
Legislative Changes
Review January 2020
13.02.2020

Main events in January:

  • Russian President Vladimir Putin has addressed the Federal Assembly and outlined the main objectives for the coming year. Constitutional reform and new social measures were among the main points of this address.
  • Mikhail Mishustin has been appointed as Prime Minister of the Russian Federation after serving as head of the Federal Tax Service of the Russian Federation from 2010 to 2020.
  • Daniil Egorov, who was deputy head, has been appointed as head of the Federal Tax Service.
  • Amendments to securities laws came into force on January 01, 2020. According to these new amendments, registrar companies are now authorized to register share issues upon the establishment of a joint-stock company.
  • Media: self-employed Russian individuals will be able to participate in the guaranteed pension plan system introduced last year by the Ministry of Finance and the Central Bank of Russia.
  • Media: Debt collection agencies will be allowed to fully work with the debts that individuals owe for housing and utility services

Information bulletin for II quarter 2019 (Kazakhstan)
Information bulletin
for II quarter 2019 (Kazakhstan)
05.07.2019

Contents

  • The list of goods for which electronic invoices are issued through the “Virtual Warehouse” module – p. 3
  • Amendments to the Standard Chart of Accounts, National Financial Reporting Standards and Accounting Regulations – p. 3
  • Who is obliged to install cash registers online till July 1, 2019 – p. 4
  • From 2020 it is planned to introduce a penalty for non-use of cash register – p. 4
  • Starting from 2020, it is planned to introduce a penalty for refusing to accept payments using payment cards through the POS terminal – p. 5
  • There have been changes in the implementation of currency transactions from July 1, 2019 – p. 5
  • New in the Regulations of statement of Electronic invoices from July 1, 2019 – p. 7
  • Amendments and supplements have been made to some orders of the Republic of Kazakhstan concerning pension and social payments – p. 8
  • Amendments are made by the Decree of the Government of the Republic of Kazakhstan No. 263 from May 8, 2019 – p. 9
  • Exclusion of a 90% of corrections for personal income tax, with an employee’s income of no more than 25 MCI since 2020 (Project) – p. 10
  • Amendments in taxation of non-residents – p. 12
  • Amendments to the form of an individual's application for the application of tax deductions and a certificate of settlements with an individual – p. 13
  • Labor activity, employment of the population – p. 14
  • Another amendment in legislation on accounting and tax accounting since 2020 – p. 14
  • Expansion of the composition of PIT deductions and their application – p. 15
  • Draft Amendments to the Uniform Rules for Calculating of Average Salaries – p. 16
  • Labor agreements as the reason for labour disputes. Aspects – p. 18
Release prepared jointly with Integrites Kazakhstan

Information bulletin for I quarter 2019 (Russia)
Information bulletin
for I quarter 2019 (Russia)
30.04.2019

Contents:

  • Confirmation of business trip expenses, new rules for the registration to a flight became effective on 25 February, p. 8
  • While providing online services a foreign organisation shall pay VAT, regardless of the date of advance receipt, p. 13
  • The Ministry of Finance has reminded, which VAT rate shall apply if works were performed in 2018, p. 17
  • Since 1 January 2019 changes regarding payment of property tax of organisations came into force, p. 19
  • There was reduced a coefficient of tax rate for expensive cars and was cancelled a benefit for heavyweights, p. 24
  • The Ministry of Natural Resources of Russia has reminded that since 1 January 2019 the scope of reports on waste depends on the class of waste and not on the company category, p. 37
  • The Ministry of Finance has clarified amendments to RAS 12/2000, p. 39
  • Procedure for the provision of a standard deduction on PIT for a child, studying full-time, up to the age of 24 years old, p. 41
  • There was corrected the list of payments, from which no alimony shall be withheld, р. 45
  • HR Records Management, p. 49
  • Important legal changes, p. 55

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