Article 324. Deduction of expenses on insurance premiums and contributions of participants in the guarantee systems of the Tax Code of the Republic of Kazakhstan

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 1. Insurance premiums payable or paid by the policyholder under insurance contracts, with the exception of insurance premiums under cumulative insurance contracts, are deductible.

 2. The amount of mandatory calendar, additional and extraordinary contributions transferred in connection with the guarantee of deposits of individuals is subject to deduction from the bank participating in the system of mandatory deposit guarantee of individuals.

 3. The amount of mandatory, extraordinary and additional contributions listed in connection with the insurance benefit guarantee is subject to deduction from an insurance or reinsurance organization that is a participant in the insurance benefit guarantee system.

 4. The amount of annual mandatory contributions transferred in connection with the guarantee of fulfillment of obligations under grain receipts is subject to deduction from the grain receiving enterprise participating in the system of guaranteeing fulfillment of obligations under grain receipts.

 5. The amount of mandatory and additional contributions listed in connection with guaranteeing the obligations of private business entities is subject to deduction from banks, organizations engaged in microfinance activities, and other legal entities that are participants in the system of guaranteeing the obligations of private business entities.

The Code of the Republic of Kazakhstan dated July 18, 2025 No. 214-VIII SAM.

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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 324. Income of an employee in the form of material benefits of the Code on Taxes and Other Mandatory Payments to the Budget (Tax Code) of the Republic of Kazakhstan

The income of an employee in the form of material benefits subject to taxation is, inter alia::

1) the negative difference between the value of the goods sold to the employee and their book value or the purchase price – when the goods are sold to the employee;

the negative difference between the cost of works and services sold to an employee and the total amount of the employer's expenses incurred in connection with such work and services, taking into account the corresponding amount of value–added tax, when selling works and services to an employee.

For the purposes of applying this subparagraph, the purchase price is used by taxpayers who, according to the legislation of the Republic of Kazakhstan on accounting and financial reporting, do not maintain accounting records.;

2) write–off by the decision of the employer of the amount of debt or obligations of the employee to him - when writing off the amount of debt to the employee;

3) the employer's expenses for the payment of insurance premiums under insurance contracts for its employees, including those concluded by employees, when paying the amount of insurance premiums under insurance contracts;

4) the employer's expenses for reimbursement of the employee's expenses not related to the employer's activities – in case of reimbursement of expenses to the employee.

Note from <url>! Article 325 is amended by the Law of the Republic of Kazakhstan dated 10.12.2020 No. 382-VI (effective from 01.01.2021).

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