Starting from 2022, citizens who have submitted declarations at the first stage of universal declaration must annually submit a declaration of income and property as per 270.00 form. This was reported by the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan.

On September 15, 2021, the deadline for submitting the declaration of assets and liabilities (250.00 form) of the first stage of universal declaration ended.

It should be recalled that at the first stage, from January 1, 2021, the declaration of assets and liabilities was submitted by civil servants and equal-status persons (heads of quasi-state companies, heads of state institutions, deputies of Parliament and maslikhats, akims of all levels, etc.), large holders of securities, large participants in banks, large participants in insurance organizations, as well as spouses of the listed persons.

"Individuals who have submitted a declaration of assets and liabilities (form 250.00) in 2021, subsequently from 2022, must annually submit a declaration of income and property (270.00 form), where individuals will reflect more detailed information about the income received for a calendar year, including outside the Republic of Kazakhstan, on tax deductions, on the acquisition and (or) alienation, and (or) receipt of property free of charge, about money in bank accounts with foreign banks located outside the Republic of Kazakhstan and other information," - the SRC reported.

"By Order of the Minister of Finance of the Republic of Kazakhstan dated September 13, 2021 for No. 927, the form of the declaration of income and property of an individual (270.00 form) was approved," - the SRC noted.

Article 633 of the Tax Code establishes that the declaration of income and property is submitted annually as of December 31 of the reporting tax period, starting from the year following the year of submission of the declaration of assets and liabilities.

According to the Tax legislation, the deadline for submitting a declaration of income and property for individuals of the first stage is on paper - no later than July 15 of the year following the reporting calendar year and in electronic form - no later than September 15 of the year following the reporting calendar year.

The order comes into force on January 1, 2022.