In accordance with Article 404 of the Tax Code of the Republic of Kazakhstan, social tax deductions are provided for certain categories of individuals.
Social tax deductions are provided in the following amounts per calendar year:
— 5,000-fold MCI — for people with disabilities of the first and second groups;
— 882 times the amount of the MCI - for persons with disabilities of the third group, children with disabilities, veterans and other categories of persons eligible for the appropriate deduction;
— 882 times the amount of the MCI — for parents, guardians, guardians, adoptive parents and foster parents who are entitled to a deduction in respect of children and persons in their care.
The amount of social tax deductions is determined based on the monthly calculation index effective on January 1 of the corresponding fiscal year.
At the same time, social tax deductions are applied in the calendar year in which they arose, exist or had a basis for their application.
Tax agents need to consider the following features:
— the right to apply a social tax deduction is determined based on the category of an individual and the availability of an appropriate basis;
— the amount of the deduction depends on the legal category of the recipient;
— social tax deductions are applied for a calendar year if there are grounds provided for by the Tax Code.;
— when applying deductions to children and persons in care, it is necessary to take into account the restrictions and exceptions established by article 404.