Form 250 and rules for its completion - FCHAIN

On October 13, 2025, the Minister of Finance of the Republic of Kazakhstan signed Order No. 595, amending the previous Order No. 617 of June 21, 2018 “On Approval of the Declaration Form on Assets and Liabilities of an Individual and the Rules for Its Completion”. Its purpose is to align Form 250 with Articles 630 and 631 of the Tax Code of the Republic of Kazakhstan.

Objectives and Expected Results

The amendments aim to increase transparency of financial operations, improve tax administration, and ensure fair taxation. They also strengthen the foundation of accounting and tax management in Kazakhstan — areas directly supported by professional accounting services providers such as FChain KZ.

Short-term results:

• Updating the list of individuals required to submit asset and liability declarations;
• Increasing transparency in personal financial operations;
• Reducing risks of tax evasion;
• Introducing legal requirements for declaring foreign brokerage accounts;
• Implementing technical tools for online submission of Form 250.00.

Medium-term (2–3 years):

• Accumulating statistical data on residents’ foreign assets;
• Improving the quality of bookkeeping and tax services through better administration.

Long-term (3–5 years):

• Reducing the use of foreign accounts to hide income;
• Increasing tax revenue;
• Strengthening trust in the financial system;
• Fulfilling international obligations in full.

Who Must Submit Form 250

Starting from 2025, individuals who, as of December 31 of the preceding year, fall into the following categories must submit Form 250:

• Persons obliged to report under the laws “On Elections,” “On Combating Corruption,” “On Banking,” “On Insurance,” and “On the Securities Market.”
• Citizens and residents of Kazakhstan owning assets abroad, including:
  • real estate or vehicles registered abroad;
  • foreign bank accounts with balances exceeding 1,000 MCI;
  • investment gold;
  • shares in foreign companies;
  • participation in construction projects abroad;
  • foreign securities or brokerage accounts;
  • digital assets;
  • intellectual property registered abroad;
  • foreign receivables or payables.
• Individuals engaged in private practice.

Persons who have already submitted a declaration before January 1, 2025 are exempt.

Importance for Accounting Professionals

These updates are particularly relevant for companies providing accounting services and bookkeeping and tax services. The accounting company FChain KZ notes that accountants must now pay special attention to clients’ foreign assets, especially brokerage and bank accounts abroad.
Accurate and timely completion of Form 250 ensures transparency, minimizes risks of penalties, and builds stronger trust with tax authorities.

FChain Recommendations

To correctly prepare the declaration:

• Collect data on all foreign assets in advance;
• Verify account details and ownership documents;
• Use professional accounting services and tax consulting.

 FChain Kazakhstan– a leading accounting company in Kazakhstan, providing a full range of bookkeeping and tax services for individuals and businesses. Our experts help ensure compliance, reduce tax risks, and improve financial reporting quality.

For professional support, please contact us at almaty@f-chain.com or via WhatsApp at +7 771 214 1820.

Prepared by:
Moldir Mukhtar
Business Development Specialist

FChain Kazakhstan