Advice on the procedure for taxation of income in the securities market
Our company offers consulting services for the preparation of tax returns.
We would like to remind you of the need to submit a declaration on income received in the previous year to the tax authority at the place of your registration, in accordance with Article 186 of the Tax Code of the Republic of Kazakhstan (hereinafter referred to as the "NCRC") by March 31.
According to Article 185 of the NKRK, all individuals who have received property income (value gain from the sale of securities, real estate, etc.), as well as persons who have received other income that is not taxable at the source of payment (dividends, interest on bonds, etc.) are required to submit a declaration. Income received on the Kazakhstan stock Exchange KASE is not taxed. However, it is necessary to file a tax return.
We also consider it necessary to note that according to article 206 of the Code of Administrative Offences, failure to submit (late submission) of reports to the tax authority entails administrative liability in the form of a warning or a fine in the amount of 15 MCI. In addition, in the case of taxable income, non-payment of taxes entails the accrual of fines and penalties, and in some cases criminal liability of an individual.
ВIf there are questions about the procedure for taxation of transactions carried out on the securities market through our Company, as well as the procedure for filling out a tax return and calculating the amounts to this tax return, you can conclude a contract with the Company for the provision of consulting services for the preparation of tax reporting forms for securities transactions.
These services include:
- Consulting services on the procedure for taxation of transactions with securities and the procedure for filling out tax reports on income received on the Securities Market based on registered transactions on the client's personal account held nominally in the Company.
- Providing the Customer with a preliminary tax reporting form 240.00 for transactions on the Customer's Personal Account (pdf).
- Submission of a report-transcript to the submitted preliminary tax reporting form.
- Providing information about the amount and details for the transfer of tax payments (if there is taxable income).