Article 18. The procedure for submitting the asset disclosure declaration The Law on the Return of Illegally Acquired Assets to the State

Home / RLA / Article 18. The procedure for submitting the asset disclosure declaration The Law on the Return of Illegally Acquired Assets to the State

1. Persons included in the register have the right to submit declarations on the disclosure of assets owned, used, owned and (or) controlled by such persons (groups of persons), including assets located outside the territory of the Republic of Kazakhstan, with the attachment of information (documents) confirming the legality of the sources of acquisition (origin) declared assets.

2. The asset disclosure declaration and the information (documents) attached to it may be submitted to the authorized asset recovery body on paper and (or) electronic media.:

1) within one month from the date of delivery (receipt) of the notification;

2) within three months from the date of delivery (receipt) of the notification, if necessary, a longer period for the collection and preparation of documents, due to valid reasons.

Valid reasons for the purposes of this article include the objective inability to submit information (documents) within one month for one of the following reasons:

the absence of a person (group of persons) of documents confirming the relevant information and information, and the need to request (receive) them from government agencies, other organizations in the Republic of Kazakhstan and (or) in foreign countries;

the person is being treated in hospitals, sanatoriums and other medical institutions, in social protection organizations, institutions of the penal (penitentiary) system and pre-trial detention facilities.

If there are valid reasons, the person has the right to notify the authorized asset recovery body about them before the expiration of one month from the date of receipt of the notification.

3. The asset disclosure declaration contains comprehensive information about the assets located (were) both on the territory of the Republic of Kazakhstan and abroad, and the origin of the funds used to purchase assets, up to their primary origin, as well as income from previously received assets.

The types of assets to be declared are determined by the asset disclosure declaration form, approved by the authorized asset recovery body in conjunction with the authorized body responsible for ensuring tax revenues and other mandatory payments to the budget.

The asset disclosure declaration is intended to reflect the following information about the declared property:

1) income for the reporting period;

2) money located (located) in the territory of the Republic of Kazakhstan;

3) money located (located) outside the Republic of Kazakhstan;

4) immovable property located (located) on the territory of the Republic of Kazakhstan;

5) immovable property located (located) outside the Republic of Kazakhstan;

6) vehicles located (were) on the territory of the Republic of Kazakhstan;

7) vehicles located (located) outside the Republic of Kazakhstan;

8) the share of participation in the authorized capital of a legal entity registered in the territory of the Republic of Kazakhstan;

9) the share of participation in the authorized capital of a legal entity registered outside the Republic of Kazakhstan;

10) securities located (located) in the territory of the Republic of Kazakhstan;

11) securities located (located) outside the Republic of Kazakhstan;

12) digital assets;

13) loans located (located) in the territory of the Republic of Kazakhstan;

14) loans located (located) outside the Republic of Kazakhstan;

15) other information containing information about the origin of assets.

4. Failure by persons included in the register to submit a declaration of disclosure of assets is not an obstacle to taking measures to recover assets provided for by the laws of the Republic of Kazakhstan and international treaties of the Republic of Kazakhstan.

5. The information provided in the asset disclosure declaration is a trade secret of the entity and/or its affiliated entity that submitted the declaration.

This Law, in the interests of current and future generations of Kazakhstanis, regulates public relations to identify and return illegally acquired assets to the state (hereinafter referred to as asset recovery) in order to restore the violated rights of the people of Kazakhstan, ensure the rule of law, social justice, and sustainable economic and social development of Kazakhstan for the benefit of its people.

President

Republic of Kazakhstan

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