Types of taxes and Jurisdiction that use them Madina Zimanova ID#20070567 Madina Zimanova ID#20070567 Zhazira Aralbayeva ID#20073699 Khamzina Nazym ID# 20062166
Types of taxes and
Jurisdiction that use
them
Madina Zimanova ID#20070567Madina Zimanova ID#20070567Zhazira Aralbayeva ID#20073699Khamzina Nazym ID# 20062166
ContentsContents
• What is TAX? Its 5 purposes– The process of development of
new 2009 Tax Code– Jurisdiction– Basic Terminology– 9 types of Taxes and their
classificationl• Conclusion
?What is ?- necessary payment to the budget ratified by the g ystate through legislation in a one-sided process in a one sided process and with some cases exceptions with exceptions with irrevocable and non-
f d bl f drefundable findings
PurposesPurposes
Supporting Gov-t operationspp g p
Functioning as Gov-tg
Managing macroeconomic g gperformance of economy
Redistributing resources
Modifying patterns of consumption or employment within an economywithin an economy
Process of development of new
ax CoTax Code
1991 On Taxes from Enterprises, Associations and 1991 Organizations
1995 On Taxes and Other Obligatory Payments to 1995 g y ythe Budget
2002 2002 Tax Code2002 2002 Tax Code2009 1 Jan
Tax Code1 Jan
JurisdictionJurisdiction
Sources of Tax Law:
Statutory
Administrative
Judicial
Allocation of State revenues
The Tax CodeThe Tax Code
Tax Code
Basic Terminology
• On the basis of a T '
• Taxable Item Taxpayer's liability the taxpayer i i d b h
and (or) Item Related to
is registered by the tax authority and pays taxes
Taxation are assets and actions,
taxes. as the base for the arising of a t ’ t taxpayer’s tax liability.
Basic Terminology
Tax agentTaxpayer's (tax agent) official account
Electronic taxpayerElectronic taxpayer
electronic document of the ttaxpayer
electronic digital signature of the g gtaxpayer
*All procedures established by the Tax Code
Basic Terminology
Other bli tobligatory
Payments are not taxesnot taxes
They are payments for
immediate services
for using environment
or resources
Types of taxation:Types of taxation:
Types of Taxation Definitions
Proportionalimposes the same relative burden on all
taxpayers—i.e., where tax liability and i i l iincome grow in equal proportion
is characterized by a less than proportional rise Regressive
y p pin the tax liability relative to the increase in income
Progressiveis characterized by a more than proportional rise
in the tax liability relative to the increase in iincome
Classes of taxes:Classes of taxes:
Classes of Taxes Definitions of Tax Types
Transaction (event) based Is imposed when event occurs or a transaction takes placebased
Activity based Is imposed on the cumulative result of an ongoing activity
B d th t ’ bilit t d b iDirect Based on the taxpayer’s ability to pay as measured by income, consumption, or net wealth
I di are levied on the production or consumption of goods and servicesIndirect are levied on the production or consumption of goods and services or on transactions
State Taxes that are considered as a main income source of the stateState Taxes that are considered as a main income source of the state
Local Taxes that are considered as a main income source of the local governmentgovernment.
State taxes
StateState
CIT PIT VAT Excise duty
Social taxduty tax
Local taxes
Local
Transport GamblingLand Property Transport vehicles
Gambling business
Types of taxes:Types of taxes:
Taxes Tax RatesTaxes Tax Rates
Corporate income tax2009 – 20%2010 – 17.5%Corporate income tax 0 0 7.5%2011 – 15%
VAT 12%VAT %
Individual income tax 10%
Rent tax 3-33%Rent tax 3-33%
Property tax (individuals)the amount of tax depends on the cost of property. The minimal rate is 0.05% Property tax (individuals) p p yof the cost.
P (l l i i )0,1 – 1,5% of the average annual value
Property tax (legal entities), , g
of the property
Types of taxes:Types of taxes:
Taxes Tax RatesTaxes Tax Rates
Land tax (to be paid by individuals depends on the area of a land plot, its quality and purpose
and legal entities)quality and purpose
Rates are established in percentage to
Excise taxthe cost of goods or in a fixed sum per unit of measurement
Vehicle tax (cars)From 2 to 117 MCR depending on engine capacity and type of a vehicleVehicle tax (cars) engine capacity and type of a vehicle
Social Tax11%
Social Tax
DifferencesDifferences
Social Tax Social Social Tax ContributionsRate 11% 4%Rate 11% 4%
Payments: Payments to the budget of Payments to State R l d F dPayments: government Regulated Fund
Secure your future inPurpose: Allocation of this fund for
social needs.
Secure your future in case of subjectivity to risk factors
SummarySummary
• Taxation in Kazakhstan before becoming as it is in modern life, went through historical development
• Republic of Kazakhstan’s Tax Code is a new tax legislation came into effect in January 1, 2009
• The varieties of taxes are very wide, and theThe varieties of taxes are very wide, and the• purpose of introduction new Tax Code was to
decrease rates of taxes for supporting and attracting– decrease rates of taxes for supporting and attracting businesses operating in RK, and to
– simplify tax administrationsimplify tax administration.
ConclusionConclusionConclusionConclusion
• For Kazakhstan Government to be a Government it is very crucial to Government it is very crucial to establish effective tax system
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