Property tax
➢Computation by legal entities;
➢Computation by natural persons.
Taxpayers
▪Legal entities holding objects of taxation on
the basis of ownership rights, economic control
or operating management in the Republic of
Kazakhstan;
▪Individual entrepreneurs holding objects of
taxation on the basis of ownership rights in the
Republic of Kazakhstan;
The following shall not be payers of
property tax:
▪payers of unified land tax in respect of
objects of taxation held under ownership
rights, and which are directly used to
produce, store and process own agricultural
productions.
▪state institutions;
▪state correctional institutions of the
authorised state body for the fulfilment of
criminal punishment;
▪4) religious associations.
Object of Taxation
The object of taxation for legal entities and
individual entrepreneurs shall be buildings,
structures, residential structures, premises
and other structures firmly connected to the
ground (hereafter –buildings) in the
Republic of Kazakhstan, which are tangible
assets or real estate investments.
The following shall not be objects of
taxation
▪Land regarded as an object of taxation
subject to land tax;
▪Buildings temporarily shut down in
accordance with a decision of the
Government of the Republic of
Kazakhstan;
▪state public highways and road structures
▪construction in progress
Tax Base
Unless otherwise established by this article, the tax
base for legal entities’ and individual entrepreneurs’
objects of taxation shall be the average annual book
value of the objects of taxation, as determined by
accounting data.
The average annual book value of objects of taxation
shall be determined as one thirteenth of the amount
obtained from adding the book values of the objects
of taxation on the 1st day of each month of the
current tax period and the 1st of the month of the
period following the reporting period.
Tax Rates
▪Legal persons shall calculate property tax
at the rate of 1.5% of the average annual
value of objects of taxation.
