The Kazakhstan government has adopted a resolution that establishes the so-called “adjustment coefficient” zero to salary-related taxes and payments in an effort to stabilize the economy during the coronavirus (COVID-19) pandemic.
Resolution No. 224, On Further Measures to Implement Decree of the President of Kazakhstan dated 16 March 2020 No. 287, On Further Measures to Stabilize the Economy, On Taxation Issues, adopted on 20 April, applies to the following:
This means that the taxes and payments are accrued but are effectively not paid because their rate is zero.
Importantly, this “adjustment coefficient” applies temporarily and only in respect of certain qualified categories of taxpayers:
While technically speaking the resolution applies to all qualified taxpayers, in substance, it is aimed at supporting persons who were affected by the current pandemic, e.g., those who decreased staff or salary.
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