10 April 2020 – This brief note relates to further updates regarding governmental actions to support businesses in Kazakhstan due to Covid-19 situation. Our note is intended to be a helpful guide – it is not comprehensive and does not constitute legal advice.
Suspension of arrests on bank accounts
6 April – for the period of the state of emergency, arrests on bank accounts of individuals registered as individual entrepreneurs and private practitioners, with the exception of those classified as having a high risk (determined by the Tax Code), are cancelled according to a press release of the State Revenue Committee (the "Committee").
It is also stated that the Committee sent a letter to the Ministry of Justice and the Republic's Chamber of Private Court Enforcement Officers requesting to temporarily suspend the effect of arrests on any accounts of citizens under previously awarded court orders and decisions, as well as issued tax orders, and to suspend the imposition of arrests on pending tax orders to collect the individuals' debts.
Increase of calculation coefficients
8 April – amendments were made to increase calculation coefficients in accordance with Decree No. 299 of the President of the Republic of Kazakhstan "On the amended republic's budget for 2020", dated 8 April 2020. Below is a comparative table with the revised coefficients established from 1 April 2020, as well as the coefficients that were valid from 1 January 2020 to 1 April 2020:
Coefficient |
From 1 April 2020 |
From 1 January 2020 to 1 April 2020 |
Monthly calculation index |
2,778 tenge |
2,651 tenge |
Minimum pension |
40,441 tenge |
38,636 tenge |
Minimum subsistence level |
32,668 tenge |
31,183 tenge |
Minimum basic pension payment |
17,641 tenge |
16,839 tenge |
Minimum wage |
42,500 tenge |
42,500 tenge |
Application of 8% VAT rate for socially significant products
8 April – the Information System of Electronic Invoices implemented a mechanism for applying the value added tax (VAT) at the rate of 8% when importing and exporting socially significant food products in accordance with the press release of the State Revenue Committee. The list of socially significant products consists of the following products:
- wheat flour of the first grade;
- wheat bread from flour of the first grade (tinned);
- elbow macaroni (sold by weight);
- buckwheat (unground, sold by weight);
- polished rice (short-grain, sold by weight);
- potatoes;
- and other products.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.