STATE REVENUE COMMITTEE

OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF KAZAKHSTAN

Press Release

Tax burden on individuals receiving low salary was significantly reduced

From January 1, 2019, the Tax Code establishes an adjustment to the employee’s income not exceeding 25 MCI in the amount of 90 percent of the amount of such income.

Thus, from 2019 an adjustment of 90% of the amount of the employee’s taxable income will be applied if the employee’s accrued income for the month does not exceed 25 MCI (in 2019, 63 125 tenge).

If an employee works at several employers, and in each case the employee’s accrued income will not exceed 25 MCI, then an adjustment of 90% of the amount of the employee’s taxable income will be applied by each employer.

Also, taking into account the increase of the minimum salary size from January 1, 2019, by 1.5 times (in the amount of 42 500 tenge), the size of the tax deduction in the form of 1 MS is increased, which is applied in determining the individual’s taxable income.

All of the above changes have significantly reduced the tax burden on individuals receiving low salary.

Press Service

of the State Revenue Committee MF RK

(Zhenis Ave, 11)