Article 485. Adjustment of offset value added tax amounts for doubtful obligations when writing off obligations tax code of the Republic of Kazakhstan

Home / Codes / Article 485. Adjustment of offset value added tax amounts for doubtful obligations when writing off obligations tax code of the Republic of Kazakhstan

 1.if a part or the entire amount of an obligation for purchased goods, works, services is recognized as doubtful in accordance with article 241 of this code, then on the basis of subparagraphs 1) and 2) of paragraph 7 of Article 480 of this code, in addition to the value added tax previously recognized as offsetting, the amount of offsetting Value Added Tax shall be adjusted to reduce the amount of Value Added Tax previously recognized as offsetting for such goods, works, services in the amount corresponding to the amount of the doubtful obligation. The amendment provided for in this paragraph shall be::

 1) after the date of expiration of the obligation on the purchased goods, works, services, the term of execution of which is determined;

 2) in the tax period in which a three-year period has elapsed, calculated from the date of delivery of goods, performance of works, provision of services under the obligation for purchased goods, works, services, the execution period of which is not defined.

 2.if, after adjusting the amount of the offset value added tax to the side of reduction, the payer of the value added tax pays for goods, works, services, the amount of the offset value added tax is adjusted to increase the amount of the tax on these goods, works, services in the amount corresponding to the amount of payment in the tax period in which the payment was made.

 3.in the cases specified in Paragraph 1 of Article 242 of this code, the adjustment shall be made in the amount of the amount of Value Added Tax payable as part of such an obligation, previously recognized as offsetting, in the direction of reducing the amount of Value Added Tax, when the obligations that have not been adjusted in accordance with paragraph 1 of this article are written off. The adjustment provided for in this paragraph is made during the period when such conditions occur.

 4. If the obligation for purchased goods, works, services is not fully or partially satisfied by the date of the decision of the registration authority to exclude a bankrupt Value Added Tax Payer-supplier from the National Register of business identification numbers, then the adjustment in the direction of reducing the amount of Value Added Tax to be offset, if such adjustment was not made in accordance with paragraph 1 of this article,, the amount of Value Added Tax payable for the services provided. The adjustment provided for in this paragraph is made during the tax period in which the specified decision of the Registration Authority is made.

 5.the adjustment provided for in this article is made at the value added tax rate specified in the invoice issued by the supplier of goods, works, services at the time of turnover for the sale of goods, works, services on which the adjustment is made.

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

President

Republic of Kazakhstan

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To recognize as invalid the Code of the Republic of Kazakhstan (tax code) of December 25, 2017 "on taxes and other mandatory payments to the budget" from January 1, 2026 in connection with the entry into force of the tax code of the Republic of Kazakhstan dated July 18, 2025 No. 214-VIII.

Article 485. Tax rates code of the Republic of Kazakhstan on taxes and other mandatory payments to the budget (tax code)

1. Social tax, unless otherwise established by this article:

From January 1, 2018-9.5 percent;

From January 1, 2025 – calculated at the rate of 11 percent.

2.individual entrepreneurs and persons engaged in private practice shall calculate social tax for themselves and for each employee in the amount of 2 times the monthly calculation index established by the law on the Republican budget and effective on the date of payment.

Provisions of this paragraph:

1) taxpayers for the period of temporary suspension of the submission of tax reports in accordance with Article 213 of this code;

2) individual entrepreneurs applying a special tax regime on the basis of a simplified declaration;

3) individual entrepreneurs and persons engaged in private practice who have not received income during the tax period, with the exception of those specified in subitem 2) of part two of this paragraph.

3.Social tax rates for payers applying a special tax regime on the basis of a simplified declaration are established by chapter 77 of this code.

Warning. Article 485 as amended by the laws of the Republic of Kazakhstan dated 02.04.2019 No. 241 - VI (effective from 01.01.2020); dated 10.12.2020 No. 382-VI (effective from 01.01.2018).

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