Property Tax: What Has Changed for Legal Entities and Individual Entrepreneurs - FCHAIN

Property Tax: What Has Changed for Legal Entities and Individual Entrepreneurs

 Starting from 2026, important changes to property tax regulations for legal entities and individual entrepreneurs have come into force in Kazakhstan. The amendments affect reporting procedures, current payments, and mandatory property revaluation. Let us review the key changes businesses should consider.

 

Cancellation of Form 701.01 for Certain Taxpayers

Legal entities and individual entrepreneurs are now exempt from submitting the current payment calculation form TRF 701.01 if the annual amount of property tax does not exceed 300 MCI. For 2026, this amount equals 1,297,500 tenge.

In such cases, taxpayers submit only the declaration form TRF 700.00 at the location of the taxable property. The submission deadline is no later than March 31 of the year following the reporting tax period.

If the amount of tax exceeds 300 MCI, the obligation to submit TRF 701.01 remains in force.

 

Specific Rules for Individual Entrepreneurs Using the Simplified Declaration Regime

Separate rules apply to individual entrepreneurs using the special tax regime based on a simplified declaration.

Such entrepreneurs:

1. are not payers of current property tax payments;
2. therefore, they do not submit TRF 01 even if the tax amount exceeds 300 MCI.

At the end of the year, they submit only the TRF 700.00 declaration.

 

Additional Calculation in Case of Property Changes

If during the year there is:

• ~ acquisition of property;
• ~ disposal of property;
• ~ reconstruction;
• ~ change in the value of the property,

an additional calculation of current payments must be submitted.

The submission deadline is no later than 10 calendar days before the next payment due date. In this case, the number of current payments is adjusted and redistributed in equal portions for the remaining payment periods.

 

Mandatory Property Revaluation Starting from 2026

One of the key changes is the obligation to regularly revaluate taxable property.

Legal entities and individual entrepreneurs are now required to conduct revaluation of buildings and structures at least once every three years. This directly affects the tax base and the amount of property tax.

 

How the Tax Base Is Determined for Legal Entities and Individual Entrepreneurs

For legal entities and individual entrepreneurs maintaining accounting records, the tax base is determined as the average annual book value of taxable property according to accounting data, taking into account the conducted property revaluation.

Property revaluation must be carried out at least once every three years.

 

Tax Base for Individual Entrepreneurs Without Accounting Records

Separate rules apply to individual entrepreneurs who do not maintain accounting records and financial statements.

During the first three years after the recognition of property as a taxable object, the tax base is determined by the total costs of acquisition, construction, production, installation, reconstruction, and modernization of the property.

In subsequent periods, the tax base is determined based on the market value of the property. Such valuation must also be conducted at least once every three years as of January 1.

 

What Businesses Should Do Now

Due to these changes, companies are advised to:

1. review the amount of property tax;
2. determine the necessity of submitting TRF 01;
3. update property valuation records;
4. conduct property revaluation on time;
5. monitor changes in property during the year;
6. prepare tax reporting in advance.

Errors in tax calculation or untimely revaluation may lead to tax risks, penalties, and additional charges.

 

Accounting and Tax Services from FChain

FChain provides professional accounting and tax services for LLPs and individual entrepreneurs across Kazakhstan.

We provide support in:

• ~ accounting and tax services;
• ~ minimization of business tax risks.

The FChain team ensures timely reporting, transparent accounting, and professional business support so that you can focus on growing your company.

 

Desk Audit for Form 300.00: What Businesses Need to Know

Prepared by: Moldir Mukhtar

Business Development Specialist

FChain Kazakhstan

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