Article 140. Financing the activities of State-owned enterprises The Law on State Property

       1. The activities of a state-owned enterprise are financed in accordance with the development plan from its own income and budget funds received in accordance with the procedure established by the budget legislation of the Republic of Kazakhstan.

     The procedure for developing and approving development plans for state-owned enterprises is determined by the authorized state planning body.

     1-1. The activities of a state-owned enterprise established by the National Bank of the Republic of Kazakhstan are financed from its own income.

     The procedure for developing and approving development plans for state-owned enterprises established by the National Bank of the Republic of Kazakhstan, monitoring and evaluating their implementation, as well as reports on their implementation is determined by the National Bank of the Republic of Kazakhstan.

     2. The standard for deducting a part of the net income of state-owned enterprises, with the exception of republican state-owned enterprises established by the National Bank of the Republic of Kazakhstan, is determined by the Budget Code of the Republic of Kazakhstan.

     The standard for the distribution of the part of net income remaining at the disposal of republican state-owned enterprises is established by the authorized body of the relevant industry.

     The procedure for distributing the net income of republican state-owned enterprises established by the National Bank of the Republic of Kazakhstan is determined by the National Bank itself.

     The standard for the distribution of the part of net income remaining at the disposal of municipal state enterprises is established by the local executive body or the office of the akim of a city of regional significance, village, settlement, rural district.

     2-1. excluded by the Law of the Republic of Kazakhstan dated December 29, 2022 No. 174-VII (effective from 07/01/2023).

     3. A part of the net income of state-owned enterprises according to established standards is subject to be credited to the relevant budget in accordance with the procedure established by the Budget Code of the Republic of Kazakhstan.

     4. The authorized body of the relevant industry or the local executive body or the office of the akim of a city of district significance, village, settlement, rural district monitors the completeness and timeliness of the transfer of the established part of net income by state enterprises to the budget.

     State-owned enterprises transfer part of their net income to the relevant budget no later than ten working days after the deadline set for submitting the corporate income tax return.

     If a state-owned enterprise violates the deadline for transferring part of its net income to the relevant budget, a penalty is charged for the unpaid amount of part of its net income in the amount of 2.5 times the base rate of the National Bank of the Republic of Kazakhstan for each day of delay.

The Law of the Republic of Kazakhstan dated March 1, 2011 No. 413-IV.

         This Law defines the legal regime of state property, the legal basis for the management of State property, including property assigned to State-owned legal entities, and state-owned shares and stakes in the authorized capital of legal entities, the legal grounds for the acquisition and termination of rights to state property, and is aimed at ensuring the effective exercise by the State of the rights of the owner and holder of other rights. on state property.

President    

Republic of Kazakhstan     

© 2012. RSE na PHB "Institute of Legislation and Legal Information of the Republic of Kazakhstan" of the Ministry of Justice of the Republic of Kazakhstan  

 Constitution Law Code Standard Decree Order Decision Resolution Lawyer Almaty Lawyer Legal service Legal advice Civil Criminal Administrative cases Disputes Defense Arbitration Law Company Kazakhstan Law Firm Court Cases