How to Properly Close an Individual Entrepreneur in 2026 - FCHAIN

How to Properly Close an Individual Entrepreneur in 2026

 From January 1, 2026, a new Tax Code comes into force in the Republic of Kazakhstan. Within its framework, special tax regimes are abolished, including the fixed deduction regime, retail tax, and others. In connection with the cancellation of special tax regimes, entrepreneurs who applied these regimes in 2025 face the question of how to correctly terminate their business activities in 2026, taking into account the new tax legislation requirements.

 

Who Is Affected by the Changes?

The new rules apply to taxpayers who used special tax regimes in 2025 and decided to cease entrepreneurial activity between January 1 and February 28, 2026. It is important to note that starting from 2026, tax reporting forms for the abolished special tax regimes will no longer be available. Therefore, closing an individual entrepreneur requires preliminary steps.

 

Submission of Tax Reporting for 2025

The first step is to submit a regular tax declaration for the last reporting period of 2025. Depending on the applied tax regime, it is necessary to submit a declaration for the fourth quarter of 2025 or for the second half of 2025.

 

Notification of the Choice of Tax Regime from 2026

To properly terminate business activities, it is necessary to submit a notification of the applied tax regime. The notification must indicate a transition to the special tax regime based on the simplified declaration or to the generally established taxation regime. The reason for the transition should be stated as a voluntary decision. The start date of the selected tax regime is considered to be January 1, 2026. It should be noted that in the absence of this notification, the tax application for termination of activity will not be accepted for consideration.

 

Formalization of Termination of Entrepreneurial Activity

After completing the previous steps, the closure of the individual entrepreneur is carried out directly.

1. A tax application for termination of activity is submitted.
2. Liquidation tax reporting is then provided:

• Form 910.00 for the first half of 2026 when applying the special tax regime based on the simplified declaration;
• Tax reporting for the first quarter of 2026 (or for the year 2026) when applying the generally established taxation regime.

3. If necessary, additional documents requested by the tax authorities are also submitted.

 

Why It Is Important to Properly Close an Individual Entrepreneur

Failure to comply with the established procedure, errors in choosing a tax regime, or failure to submit mandatory notifications may result in refusal to close the individual entrepreneur, accrual of tax liabilities and penalties, and retention of active entrepreneur status in government authorities.

 

How FChain Helps Entrepreneurs

FChain supports entrepreneurs during the transition to the new Tax Code and assists in properly terminating business activities. FChain specialists analyze the tax situation, prepare and submit the required reporting, support the IE closure process, and provide consultations on taxation issues in 2026. This allows entrepreneurs to avoid mistakes, risks, and unnecessary financial costs.

 Is an Individual Entrepreneur on the Simplified Tax Regime Required to Keep Accounting Records?

 

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

February 2, 2026