BAKU, Azerbaijan, Dec.12
By Nargiz Sadikhova - Trend:
As of Dec. 12, 2019, 43,755 tax payers of Kazakhstan used the opportunity of tax amnesty by paying the debt on loans worth 15.3 billion tenge ($39.7 million), Trend reports with reference to Kazakhstan’s State Revenue Committee.
Thus, penalties worth 5.2 billion tenge ($13.5 million) and fines worth 300 million tenge ($780,046) were written off the accounts of tax payers.
Furthermore, penalties on loans of 549 persons worth 2.3 billion tenge ($5.9 million) who paid the main debt worth 12.6 billion tenge ($32.7 million) were also written off.
Within the framework of the implementation of the decree of the president dated June 26, 2019 “On measures to reduce the debt burden of citizens of the Republic of Kazakhstan”, the National Bank, State Credit Bureau JSC, Fund for Problem Loans JSC together with second-tier banks and microfinance organizations decided to write off the fines and penalties on unsecured consumer loans accumulated by July 1, 2019, at banks and microfinance organizations, for all Kazakhs
Furthermore, since August 2019, the tax amnesty for physical persons was also started.
Within the tax amnesty, Kazakh citizens may pay the amount of the main debt for tax liabilities for previous years and the penalty on these liabilities will be written off.
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