Yes, since these tax benefits are provided by excluding from the total amount of taxable income amounts of income that are not subject to taxation. In other words, you are required to indicate the amounts of such income in the IIT declaration, and then in the corresponding lines of the declaration you have the right to indicate the amount of income exempt from taxation, which will reduce the total amount of income subject to the individual income tax.
This process is called adjusting taxable income. This is done to ensure that the taxpayer reflects in the IIT declaration all income received, regardless of whether they are exempt from taxation or not.
Please note that failure to reflect income that is subject to adjustment in the IIT declaration is a violation of tax laws and can lead to both administrative fines and criminal penalties.
All information provided above is for reference purposes only.According to the Regulations for provision of services, we do not provide an advice on tax issues. For all questions regarding taxation, you should contact professional tax consultants or the tax authorities of the Republic of Kazakhstan at 1414 or +7-800-0807777.
Freedom Finance group of companies are not responsible for any consequences that may arise from use of this information. When preparing tax reporting, individuals must be guided exclusively by the applicable regulations of the Republic of Kazakhstan.