Upon an official request from the authorized body (the State Revenue Committee).

The broker is required to provide information on the client’s transactions involving securities, units and derivative financial instruments in the prescribed form. In addition, there are separate mandatory reporting requirements within the framework of international information exchange. The legislation currently does not provide for the fully automated real-time submission of all reports for every client.

If the securities meet the conditions established by the tax legislation of the Republic of Kazakhstan, capital gains from their sale may be exempt from individual income tax (IIT). However, such income must still be reported in Tax Declaration Form 270 with the relevant adjustment applied. An “adjustment” means that the amount of income received is included both in the income line and in the adjustment line. The amount shown in the adjustment line is deducted from the amount shown in the income line. This allows the tax authorities to reconcile the amount of income and the tax benefits claimed by the taxpayer. Failure to report the income in the tax declaration (even if it is exempt from taxation through an adjustment) constitutes a violation of tax legislation and may result in a fine.

A loss from securities transactions may reduce profit from similar transactions within the relevant tax period, subject to the rules established by law. If the overall result for the period is a loss, it is not carried forward to subsequent tax periods.

Gains and losses on tax-exempt and non-exempt securities are calculated separately. For example, there may be an overall gain on all transactions with non-exempt securities and an overall loss on tax-exempt securities. In this case, the final loss on tax-exempt securities cannot reduce the final gain on non-exempt securities, and the taxpayer will be required to pay IIT on the full amount of the final gain on non-exempt securities.

Freedom Broker provides the client with an informational report containing the information required to prepare the tax declaration. Completing and filing the declaration is the taxpayer’s responsibility. If the client disagrees with the contents of the report, the client may calculate the taxable income independently.

If securities owned by an individual as of 31 December of the reporting tax period were issued by issuers registered outside the Republic of Kazakhstan, such assets must be reported in Section J, “Information on Property Held Outside the Republic of Kazakhstan as of 31 December of the Reporting Tax Period,” of Tax Declaration Form 270.

Yes. When calculating taxable income from capital gains on securities, the broker’s commission for the purchase of securities is included in the initial cost of the security and reduces the tax base. The broker’s commission for the sale of securities is not taken into account.

For tax purposes, the FIFO method is used to determine the initial cost of securities (purchase price), whereas the weighted average price is used to calculate the financial result shown in the Tradernet transaction report.

For capital gains, the tax legislation of the Republic of Kazakhstan does not establish such a threshold for individuals. If the exemption conditions are met (for example, the securities are included in the official KASE/AIX lists on the date of sale), capital gains on qualifying shares are fully exempt from taxation.

Income from REPO transactions credited to the D account is recognized as income and is subject to IIT. The individual must independently report the income in Tax Declaration Form 270 and pay the tax. Income from debt placement of funds is taxed in the same manner.

Due to amendments to the Tax Code of the Republic of Kazakhstan that came into effect in July 2025, foreign-currency income is calculated using the official average annual exchange rate for the calendar year in which the income was received, as established by the National Bank of the Republic of Kazakhstan.