The Ministry of Finance of the Republic of Kazakhstan has submitted for public discussion a draft order amending the existing declaration form on income and assets of individuals (Form 270.00) and its preparation rules.
Purpose of the Update
The main goal is to align Form 270.00 with Articles 633 and 634 of the Tax Code of Kazakhstan.
Short-term results (1 year):
- Updating the categories of individuals required to submit the declaration, due to the cancellation of the fourth stage of universal declaration;
- Expanding the list of individuals who must report property transactions and sources of funds;
- Allowing taxpayers to independently declare certain income in accordance with the law;
- Establishing a legal framework for mandatory reporting of income and assets using Form 270.00.
Medium-term results (2–3 years):
- Accumulation of statistical data on income and assets of the newly added taxpayer categories;
- Improving the quality of tax administration.
Long-term results (3–5 years):
- Reducing the level of hidden income and assets;
- Increasing tax revenues to the budget;
- Strengthening trust in the financial system.
Who Must Submit the Declaration
Form 270.00 must be filed annually as of December 31 of the reporting tax period, starting from the year following the year when the obligation to declare arises.
Citizens of Kazakhstan and resident individuals must file the declaration if they meet at least one of the following conditions:
- Persons required to declare income under the Anti-Corruption Law;
- Major shareholders of banks, insurance or investment companies, and their resident spouses;
- Directors and founders of legal entities holding more than 10% of shares (and their resident spouses), except for non-profit organizations;
- Individuals engaged in private practice;
- Individuals who independently receive taxable income (not related to business activities);
- Holders of foreign bank accounts with balances exceeding 1,000 MCI (monthly calculation index);
- Owners of property or transactions subject to registration abroad;
- Holders of digital assets;
- Individuals who purchased property exceeding 20,000 MCI (real estate, vehicles, securities, investment gold, etc.);
- Individuals who submitted a tax deduction application through a tax agent.
Non-residents (foreigners and stateless persons) must also file the declaration if:
- They received taxable income from sources in Kazakhstan that must be declared independently;
- They are subject to income declaration requirements under Kazakh law.
What Information Must Be Declared
- Income subject to self-assessment taxation;
- Tax deductions;
- Acquisition or disposal of property abroad, including free-of-charge transfers;
- Refund or offset of excess individual income tax (IIT), including mortgage-related deductions;
- Funds in foreign bank accounts exceeding 1,000 MCI;
- Property subject to registration abroad;
- Foreign securities, digital assets, investment gold;
- Shares in the charter capital of foreign companies;
- Receivables and payables abroad.
Conclusion
The update of Form 270.00 represents a significant step toward strengthening tax transparency and improving the overall financial system in Kazakhstan. By expanding the categories of individuals subject to declaration and clarifying the scope of reported assets and income, the government aims to ensure more accurate tax reporting, reduce hidden income, and increase public trust in the tax system. For taxpayers, this means greater responsibility to carefully track assets, income, and expenses both in Kazakhstan and abroad. Early preparation and awareness of the new requirements will help avoid compliance issues once the updated form takes effect.
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Prepared by:
Moldir Mukhtar
Business Development Specialist
FChain Kazakhstan
September 29, 2025