Article 240. Penalties awarded or recognized by the debtor (fines, penalties) of the Tax Code of the Republic of Kazakhstan
Income in the form of awarded or recognized penalties (fines, penalties) is recognized as the amount of money awarded or recognized by the debtor, which the debtor, in cases provided for by the legislation of the Republic of Kazakhstan or a foreign state or an agreement, is obliged to pay to the creditor in case of non-fulfillment or improper fulfillment of obligations.
At the same time, unreasonably withheld fines returned from the budget are not recognized as income if these amounts have not previously been deducted.
The Code of the Republic of Kazakhstan dated July 18, 2025 No. 214-VIII SAM.
President
Republic of Kazakhstan
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From January 1, 2026, to invalidate the Code of the Republic of Kazakhstan dated December 25, 2017 "On Taxes and Other Mandatory payments to the Budget" (Tax Code) in connection with the entry into force of the Tax Code dated July 18, 2025 No. 214-VIII SAM.
Article 240. Income (loss) from the sale of an enterprise as a property complex of the Tax Code and Other Mandatory Payments to the Budget (Tax Code) of the Republic of Kazakhstan
1. Income from the sale of an enterprise as a property complex is defined as the positive difference between the cost of sale under the contract of sale of an enterprise as a property complex and the book value of the transferred assets, reduced by the book value of the transferred liabilities, according to accounting data at the date of sale.
2. The loss from the sale of an enterprise as a property complex is defined as the negative difference between the sale price under the purchase agreement of an enterprise as a property complex and the book value of the transferred assets, reduced by the book value of the transferred liabilities, according to accounting data at the date of sale.
The transfer of loss from the sale of an enterprise as a property complex is carried out in accordance with the procedure established by Article 300 of this Code.
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