Liquidation Tax Reporting: When and How to File It - FCHAIN

Liquidation Tax Reporting: When and How to File It

When liquidating a company in Kazakhstan, it is necessary not only to complete settlements with counterparties and employees but also to fulfil tax obligations. One of the key stages of the process is the submission of liquidation tax reporting. Below, we explain the filing deadlines, how tax liabilities are settled, and what happens to tax overpayments.

 

When Liquidation Tax Reporting Must Be Filed?

Legal entities undergoing liquidation and structural subdivisions of legal entities are required to submit liquidation tax reporting within three business days from the date of approval of the interim liquidation balance sheet. This requirement is established by paragraph 2 of Article 74 of the Tax Code of the Republic of Kazakhstan. The submission of liquidation tax reporting serves as one of the grounds for tax administration procedures, including a tax audit. Therefore, during the liquidation process, it is particularly important to review settlements with the state budget in advance, verify the accuracy of previously submitted tax reports, and identify any outstanding tax obligations.

 

How Tax Liabilities Are Settled During Liquidation

If a company undergoing liquidation has outstanding tax liabilities, they are settled using the taxpayer’s funds, including proceeds received from the sale of its assets. The liabilities are settled in accordance with the order of priority established by the legislation of the Republic of Kazakhstan. Separate rules apply to structural subdivisions that are ceasing operations. If a structural subdivision of a resident legal entity or a relevant subdivision of a non-resident legal entity ceases operations, its tax liabilities may be settled using the funds of the legal entity that established the subdivision.

 

What Happens If the Company’s Assets Are Insufficient?

During liquidation, the company’s funds and assets may be insufficient to settle its tax liabilities in full. In this case, the remaining liabilities are settled by the founders or participants of the taxpayer undergoing liquidation if such an obligation is provided for by the legislation of the Republic of Kazakhstan. Therefore, before starting the liquidation procedure, it is advisable to assess not only the company’s outstanding liabilities to the state budget but also whether its assets are sufficient to meet all obligations.

 

What Happens to Tax Overpayments

At the time of liquidation, a company may have not only outstanding liabilities but also overpayments to the state budget. Excess or mistakenly paid amounts of taxes, other payments to the state budget, penalties, and fines may be offset against existing liabilities. A similar approach applies to customs payments, taxes, and penalties that have been overpaid or excessively collected in accordance with applicable legislation. After the offset, any remaining overpayment is refunded to the taxpayer undergoing liquidation in accordance with the procedures and conditions established by law.

 

How to Complete the Company Liquidation Procedure

After the tax obligations have been fulfilled, the tax authority sends information confirming the absence of outstanding liabilities to the registration authority. The taxpayer undergoing liquidation must apply to the registration authority to complete the termination procedure no later than three business days from the date of receiving the relevant notification from the tax authority. Therefore, when liquidating a business, it is important to manage several stages carefully: preparation of the interim liquidation balance sheet, timely submission of tax reporting, settlement of liabilities to the state budget, and completion of the formal termination procedure.

 

FChain Can Help You Navigate the Liquidation Process Correctly and Minimise Risks

Company liquidation requires careful management of accounting and tax reporting. Errors in documents, outstanding liabilities, discrepancies in accounting records, or missed deadlines may delay the process and result in additional inquiries from government authorities. Fchain specialists can provide comprehensive support throughout the company liquidation process, including:

· accounting and tax support;
· preparation and review of tax reporting;
· legal consulting;
· comprehensive accounting, HR and legal outsourcing;
· advisory support on taxation matters;
· comprehensive support throughout the company liquidation process until its completion.

Planning to liquidate a company in Kazakhstan? Contact Fchain. Our team will help you address accounting and tax matters, prepare the required reporting, and navigate the liquidation procedure in compliance with the legislation of the Republic of Kazakhstan. Contact Fchain to receive a consultation and determine the most appropriate course of action for your company.

 

Amendments to the Labour Code of Kazakhstan from August 2026

Prepared by: Moldir Mukhtar

Business Development Specialist

Fchain Kazakhstan

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