Tax Benefits Restored for Personal Income Tax in Kazakhstan for Milk and Household Product Suppliers

A new subpoint 14-1 has been added to Article 341 of the Tax Code, which states:

• Income from personal subsidiary farms is exempt from taxation up to 282 times the monthly calculation indicator (MCI) per year;

• The benefit applies to products sold to agricultural procurement organizations, agricultural cooperatives, and processing enterprises;

• The product list includes livestock (cattle, horses, camels, sheep, goats, pigs), poultry, milk, meat, eggs, vegetables, fruits, as well as wool, hides, and raw skins.

To apply for the benefit, producers need to submit supporting documents from the local executive body to the tax agent (procurement organization or cooperative). These documents include confirmation from the local executive body regarding the presence of: a land plot used in the personal subsidiary farm with an indication of its area; domestic animals with an indication of quantity; domestic poultry with an indication of quantity; and an application for income adjustment subject to taxation. Documents are submitted once a year.