Article 12. The Law on the Revised Republican Budget for 1994

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To establish that payments from the income tax received from shares, bonds and other securities owned by enterprises, associations and organizations, from equity participation in joint ventures, including foreign participants, are paid by taxpayers at 50 percent to the income of the republican and relevant local budgets.

Article 13. Until the adoption by the Supreme Council of the Republic of Kazakhstan of the Laws of the Republic of Kazakhstan "On Personal Income Tax" and "On Taxation of profits and incomes of enterprises", suspend all legislative acts providing tax benefits in terms of taxation of income of citizens and corporate income tax, except for those adopted by decrees of the President of the Republic of Kazakhstan dated February 12, 1994 No. 1568 "On Taxation of profits and incomes of enterprises" and No. 1570 "On Taxation of Personal Income" dated February 12, 1994.

Establish a maximum income tax rate on the taxable total income of individuals in the amount of 40 percent of the amount of income exceeding 40 times the minimum annual salary.

To establish that the participants of the Great Patriotic War and persons equated to them, the disabled of groups I and II are fully exempt from paying personal income tax, the disabled of group III - by 50 percent.

Determine that the taxable total annual income for taxation is reduced by the amount of:

- 60 times the minimum monthly wage for the following categories of citizens:

To the Heroes of the Soviet Union and Heroes of Socialist Labor, persons awarded the title of "Halyk Kaharmany", persons awarded the Order of Glory of three degrees and the Order of Otan;

persons who were in cities during the Great Patriotic War, whose participation in the defense is counted in the length of service for awarding pensions on preferential terms established for military personnel of units of the active army, except for citizens awarded the medals "Resident of besieged Leningrad", "For the Defense of Leningrad";

to persons awarded orders and medals for impeccable and selfless work during the Great Patriotic War of 1941-1945 in the rear;

mothers with many children, awarded the title of "Mother Heroine" and awarded the "Altyn Alka" pendant;

48 times the minimum monthly wage for the following categories of citizens:

officers, warrant officers and long-term military personnel of the Ministry of Defense, the National Security Committee of the Republic of Kazakhstan and other military formations, as well as the rank and file and commanding staff of the internal affairs bodies - according to the amounts of monetary allowance;

parents and spouses of military personnel who died in the line of duty, as well as parents and spouses of civil servants who died in the line of duty. The spouses retain the right to benefits until they remarry.;

to one of the parents, spouse, guardian, or trustee who has been supporting a disabled person who has been living together and requires constant care since childhood. In the event that two or more disabled people from childhood who require constant care live together in a family, the benefit is provided to both spouses.;

citizens living in areas that have been declared environmental disaster zones in accordance with the established procedure. Exempt from paying income tax:

- The Voluntary Society of the Disabled of the Republic of Kazakhstan, the Kazakh Society of the Blind, the Kazakh Society of the Deaf, as well as production and educational enterprises and branches of these enterprises owned by these societies and established at their expense, the Kazakh Republican Organization of Veterans of the War in Afghanistan (without enterprises);

- enterprises, institutions and organizations in which persons with disabilities make up at least 50 percent of the total number of employees, provided that at least 30 percent of the profits received are actually used for the social protection of persons with disabilities in the reporting period.

For enterprises with foreign investments established before the adoption of Decree of the President of the Republic of Kazakhstan dated February 12, 1994 No. 1568 "On taxation of profits and incomes of enterprises", to maintain the profit taxation procedure established by:

- subparagraph "a" of paragraph 10 of Article 6 of the Law of the Republic of Kazakhstan dated February 14, 1991 "On taxes from enterprises, associations and organizations";

- paragraph "a" of Article 20 of the Law of the Kazakh SSR dated December 7, 1991 "On Foreign Investments in the Kazakh SSR".

The Law of the Republic of Kazakhstan dated July 14, 1994

President

Republic of Kazakhstan

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