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ARTICLE · 02 AUGUST 2016

Tax Alert - December 2015

By the Law of the RoK "On Republican budget for 2016 2018" №426 V dated November 30, 2015 the following indicators were set.

KazakhstanTax

MAIN CHANGES TO LEGISLATION

1. Regarding the Law of the Republic of Kazakhstan (further - the "RoK") "On Republican budget for 2016-2018"

By the Law of the RoK "On Republican budget for 2016 2018" №426 V dated November 30, 2015 the following indicators were set:

  • minimum salary 22 859 tenge;
  • basic state pension amount 11 965 tenge;
  • minimum pension payment 25 854 tenge;
  • monthly calculated index (further "MCI") 2 121 tenge.

The changes become effective from January 1, 2016.

2. Regarding approval of the form of declaration on property legalization

By the Order №593 dated November 27, 2015, Minister of Finance of the RoK approved the form of declaration on property legalization and its filing rules, to be submitted by oralmans and individuals who have permanent residence.

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