Changes in Accounting in Kazakhstan: New Standard Chart of Accounts - FCHAIN

Changes in Accounting in Kazakhstan: New Standard Chart of Accounts

Starting from January 1, 2027, accounting in Kazakhstan will undergo significant changes. By Order of the Minister of Finance of the Republic of Kazakhstan dated August 6, 2026, the Standard Chart of Accounts has been issued in a new version. The update affects the composition of accounting accounts, accounting for the digital tenge and electronic money, impairment allowances, contracts with customers, right-of-use assets, as well as the classification of income and expenses. For companies, this means the need to review their working chart of accounts, accounting policies, and accounting system settings in advance.

 

What Will Change in the Standard Chart of Accounts from 2027?

The overall structure of the Standard Chart of Accounts remains unchanged. As before, accounts are divided into eight sections, and each account number consists of four digits. At the same time, the organization may determine the last digit of the account number independently in accordance with its needs and working chart of accounts. The main changes are related to the introduction of new accounts and more detailed recognition of individual business transactions.

 

New Account 1070 for the Digital Tenge and Electronic Money

One of the most notable changes is the introduction of account 1070 “Digital Tenge and Electronic Monetary Funds.” It is intended to account for the digital tenge and electronic monetary funds in the relevant systems. The introduction of a separate accounting account is related to the development of digital forms of payment and the introduction of the digital tenge into circulation as legal tender. For businesses, this means that transactions involving the digital tenge will be recorded separately in accounting, and companies using such settlements will need to provide for the relevant accounts and analytics in their accounting systems.

 

More Accounts for Impairment Allowances

The new version of the Standard Chart of Accounts significantly expands the list of accounts intended for impairment loss allowances. Such accounts are provided, in particular, for:

1. cash;
2. financial assets;
3. accounts receivable;
4. inventories;
5. property, plant and equipment;
6. intangible assets;
7. other assets.

The relevant accounts will reflect expected credit losses and impairment of assets. Companies should check not only whether the necessary accounts are included in their working chart of accounts, but also the existing methods for calculating allowances, internal regulations, and accounting software settings.

 

New Accounts for Contracts with Customers

Another change concerns accounting for contracts with customers. The Standard Chart of Accounts introduces separate accounts for:

1. short-term contract assets;
2. long-term contract assets;
3. contract liabilities;
4. contract costs;
5. amortization of contract costs.

Thus, accounting for transactions related to the performance of contracts with customers becomes more detailed. This is particularly important for organizations with a large number of long-term or complex customer contracts: they will need to review their existing accounting entries and determine which transactions must be recorded in the new accounts from 2027.

 

Right-of-Use Assets Have Separate Accounts

The new Chart of Accounts also provides for accounting for right-of-use assets. The relevant accounts are allocated within property, plant and equipment and intangible assets. Related accounts for amortization and impairment allowances are also provided. When preparing for the transition, companies should review existing agreements and the accounting approaches used for such assets, as well as ensure that their working chart of accounts complies with the new requirements.

 

Separate Accounting for Mandatory Employer Pension Contributions

A separate account for mandatory employer pension contributions has been introduced within payment liabilities. Therefore, the changes affect not only accounting and taxation but also payroll-related calculations and mandatory employer payments. Companies are advised to check in advance the settings for calculating and recording mandatory employer pension contributions in their accounting systems.

 

Income Under the New Rules: What Has Changed in Section 6

One of the most significant changes concerns Sections 6 “Income” and 7 “Expenses.” Income is now more clearly classified depending on the type of activity. Section 6 includes the following subsections:

~ 6000 — “Operating Income”;

~ 6100 — “Other Operating Income”;

~ 6200 — “Income from Investing Activities”;

~ 6300 — “Income from Financing Activities”;

~ 6400 — “Income Related to Discontinued Operations.”

At the same time, accounts intended to record revenue from sales, returns of sold products, and discounts granted remain in subsection 6000. This redistribution will require companies to analyze the income accounts they use and determine the correct classification of transactions from 2027.

 

How Expense Accounting Will Change

A similar principle applies to Section 7 “Expenses.” Expenses are distributed among the following categories:

• ~ 7000 — “Operating Expenses”;
• ~ 7100 — “Other Operating Expenses”;
• ~ 7200 — “Expenses from Investing Activities”;
• ~ 7300 — “Expenses from Financing Activities”;
• ~ 7400 — “Expenses Related to Discontinued Operations”;
• ~ corporate income tax expenses.

For accounting departments, this means the need to review existing account correspondences and ensure that transactions are correctly allocated between operating, investing, and financing activities.

 

What Accountants Need to Do Before January 1, 2027

The transition to the new version of the Standard Chart of Accounts should not be postponed until the end of the year. The changes may affect several elements of a company’s accounting system at once. Before the new rules take effect, it is recommended to:

1. Analyze the current working chart of accounts. Determine which accounts need to be added, renamed, or replaced.
2. Prepare a mapping table between the old and new accounts. This will make it possible to determine in advance how balances should be transferred and reduce the risk of errors during the transition.
3. Review the accounting policy. The document must comply with the new working chart of accounts and the accounting methods applied by the company.
4. Review accounting entries. Particular attention should be paid to income and expenses, allowances, contracts with customers, right-of-use assets, and mandatory payments.
5. Update the accounting software. It is necessary to ensure that the accounting system supports the new accounts and allows balances to be transferred correctly.
6. Check integrations and automated transactions. Changes to accounts may affect the import of banking transactions, payroll calculations, generation of accounting entries, and management reporting.
7. Conduct a test transition. It is advisable to test the new settings in a test environment in advance and identify possible errors before the beginning of 2027.

 

Why Companies Should Prepare for Changes in Accounting in Kazakhstan in Advance

Updating the Standard Chart of Accounts is not simply a matter of adding several new account numbers to accounting software. Companies need to ensure the correct classification of business transactions, transfer of balances, accuracy of automated accounting entries, and compliance of their accounting policies with the new requirements. The more complex the accounting structure and the greater the number of accounts, contracts, and automated transactions used; the more time may be required for preparation. Therefore, the optimal approach is to analyze the existing accounting system in advance and prepare for the transition before January 1, 2027.

 

Professional Business Support from FChain

FChain provides accounting support and payroll services in Kazakhstan and can serve as a single business partner for accounting, HR, and legal support. We provide:

• Accounting and tax support — comprehensive accounting and tax record-keeping and preparation of reports.
• Payroll calculation — professional management of employee settlements, payroll calculation, and mandatory payments.
• Legal support for businesses — consultations, legal audits, preparation and review of contracts, and support for the company’s day-to-day activities.
• Business registration in Kazakhstan — comprehensive support for company registration: consultations on choosing the legal form, preparation of the necessary documents, and support throughout registration procedures required to commence operations in Kazakhstan.
• HR audit — comprehensive review of HR documentation and processes for compliance with the requirements of Kazakhstan’s labor legislation.
• Personnel outstaffing — support for employment relations and administrative processes related to personnel.
• Recruitment — professional selection of specialists based on the requirements and specifics of the business.
• Migration support — assistance with obtaining work permits, temporary residence permits, and work visas for foreign employees.

Comprehensive support from FChain allows businesses to focus on their core activities by entrusting accounting, legal, HR, and migration matters to a professional team.

 

Prepared by: Moldir Mukhtar

Business Development Specialist

Fchain Kazakhstan

 📩almaty@f-chain.com
WhatsApp: +7 771 214 1820