Rules for Writing Off Penalties and Fines for Businesses

Rules for Writing Off Penalties and Fines for Businesses

The Ministry of Finance of the Republic of Kazakhstan has prepared a draft order “On Approval of the Rules for Writing Off Penalties and Fines”, aimed at supporting entrepreneurs and improving the business environment. The document defines the procedure and conditions for writing off accrued penalties and fines, provided that the principal tax arrears are fully paid between January 1, 2026 and March 31, 2026.

This initiative is part of a comprehensive set of measures designed to reduce the tax burden on businesses and encourage voluntary compliance with tax obligations. Amid economic turbulence, many companies have faced cash flow gaps, declining revenues, and, as a result, accumulated tax debts. Accrued penalties and fines often exacerbated the situation, making business recovery extremely difficult.

 

What the new rules are about

According to the draft order, businesses will be able to fully write off penalties and fines if the principal tax debt is paid within the specified period. This allows entrepreneurs to settle their key obligations to the state without additional financial pressure.

The Ministry of Finance notes that adoption of these rules will make it possible to:

• restart financial activities with a clean slate;
• unblock bank accounts;
• remove restrictions on the use of property;
• restore access to government and financial instruments;
• continue operating legally without accumulated tax burdens.

Thus, the state focuses not on punitive measures, but on restoring business solvency and returning companies to the formal economy.

 

Why these matters for entrepreneurs?

The new procedure is expected to create a real incentive for paying off principal tax debts, especially for small and medium-sized businesses. For many companies, penalties and fines have become a key barrier that led to delayed payments or a shift into the shadow economy.

Writing off additional charges will allow businesses to redirect resources toward development, job preservation, investment, and fulfilling obligations to partners and employees. In the long term, this will contribute to stronger tax discipline and increased trust between the state and the business community.

 

How FChain can help businesses

FChain supports entrepreneurs at all stages of financial and tax recovery. We help to:

• conduct an audit of tax liabilities and develop an optimal repayment strategy;
• properly prepare documentation to apply the penalty and fine write-off mechanism;
• build transparent financial models to prevent recurring risks;
• implement modern digital and financial solutions for sustainable business growth.

By leveraging FChain’s expertise, entrepreneurs can not only take advantage of government support measures but also lay a solid foundation for stable and lawful business development in the future.

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

Digital Assets: Key Aspects of the Tax Reform

Prepared by: Moldir Mukhtar

Business Development Specialist

FChain Kazakhstan

January 14, 2026