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JOINT ORDER OF THE MINISTER OF FINANCE OF THE REPUBLIC OF KAZAKHSTAN AND RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of February 6, 2018 No. 130, on February 26, 2018 No. 23

About approval of Rules of submission of the conclusion about compliance of the size of insurance reserves on not earned premiums, not event to the losses declared, but not settled losses which occurred, but unclaimed losses to the requirements established by the legislation of the Republic of Kazakhstan on insurance and insurance activity

(as amended on 13-11-2019)

According to Item 8 of Article 22 and Item 9 of article 26 of the Code of the Republic of Kazakhstan of December 25, 2017 "About taxes and other obligatory payments in the budget" (Tax code) the Minister of Finance of the Republic of Kazakhstan DECIDES: PRIKAZYVAYET and Board of National Bank of the Republic of Kazakhstan

1. Approve the enclosed Rules of submission of the conclusion about compliance of the size of insurance reserves on not earned premiums, not event to the losses declared, but not settled losses which occurred, but the unclaimed losses established by the legislation of the Republic of Kazakhstan on insurance and insurance activity.

2. (Tengebayev A. M.) in the procedure established by the legislation of the Republic of Kazakhstan to provide to committee of state revenues of the Ministry of Finance of the Republic of Kazakhstan:

1) state registration of the presents of the joint order and resolution in the Ministry of Justice of the Republic of Kazakhstan;

2) within ten calendar days from the date of state registration of the presents of the joint order and the resolution the direction them the copy in paper and electronic type in the Kazakh and Russian languages in the Republican state company on the right of economic maintaining "The republican center of legal information" of the Ministry of Justice of the Republic of Kazakhstan for official publication and inclusion in Reference control bank of regulatory legal acts of the Republic of Kazakhstan;

3) placement of the presents of the joint order and resolution on Internet resource of the Ministry of Finance of the Republic of Kazakhstan;

4) within ten working days after state registration of the presents of the joint order and the resolution in the Ministry of Justice of the Republic of Kazakhstan submission to Department of legal service of the Ministry of Finance of the Republic of Kazakhstan of data on execution of the actions provided by subitems 1), 2) and 3) of this Item.

3. This joint order and the resolution become effective after ten calendar days after day of its first official publication.

Minister of Finance of the Republic of Kazakhstan

B. Sultanov

 

Chairman of National Bank of the Republic of Kazakhstan

D. Akishev

 

No. 130, No. 23 are approved on February 26, 2018 joint by the Order of the Minister of Finance of the Republic of Kazakhstan and the resolution of Board of National Bank of the Republic of Kazakhstan of February 6, 2018

Rules of submission of the conclusion about compliance of the size of insurance reserves on not earned premiums, not event to the losses declared, but not settled losses which occurred, but unclaimed losses to the requirements established by the legislation of the Republic of Kazakhstan on insurance and insurance activity

Chapter 1. General provisions

1. These rules of submission of the conclusion about compliance of the size of insurance reserves on not earned premiums, not event to the losses declared, but not settled losses which occurred, but unclaimed losses to the requirements established by the legislation of the Republic of Kazakhstan on insurance and insurance activity (further - Rules) are developed according to Item 8 of Article 22 and Item 9 of article 26 of the Code of the Republic of Kazakhstan of December 25, 2017 "About taxes and other obligatory payments in the budget" (further - the Tax code) and determine procedure for submission of the conclusion about compliance of the size of insurance reserves by not earned premiums, not event to the losses declared, but not settled losses which occurred, but unclaimed losses to the requirements established by the legislation of the Republic of Kazakhstan on insurance and insurance activity.

2. The concepts used within these rules are applied according to the Law of the Republic of Kazakhstan of December 18, 2000 "About insurance activity".

Chapter 2. Procedure for submission of the conclusion about compliance of the size of insurance reserves on not earned premiums, not event to the losses declared, but not settled losses which occurred, but unclaimed losses to the requirements established by the legislation of the Republic of Kazakhstan on insurance and insurance activity

3. Bodies of state revenues during tax audit interact with authorized body on regulation, control and supervision of the financial market and the financial organizations (further - authorized body) on obtaining concerning the checked taxpayer of the conclusion about compliance of the size of insurance reserves on not earned premiums, not event to the losses declared, but not settled losses which occurred, but unclaimed losses to the requirements established by the legislation of the Republic of Kazakhstan on insurance and insurance activity for determination of the amounts on the corporate income tax (further - KPN) according to Item 5 of article 250 of the Tax Code.

4. The inquiry of bodies of state revenues sent to authorized body contains the following data:

1) details of the insurance (reinsurance) organization, branch of the insurance (reinsurance) nonresident organization of the Republic of Kazakhstan (the name, business and identification number (further - BIN));

2) the checked tax period;

3) the amounts of insurance reserves on not earned premiums, not event to the losses declared, but not settled losses which occurred, but unclaimed losses for the end of accounting tax period and for the end of accounting tax period of previous year, reflected by the insurance (reinsurance) organization, branch of the insurance (reinsurance) nonresident organization of the Republic of Kazakhstan, in source accounting documents and declarations on KPN.

5. The authorized body at the request of bodies of state revenues within 15 (fifteen) calendar days from the date of receipt of such request according to the Tax code represents:

the conclusion about compliance of the size of insurance reserves on not earned premiums to the requirements established by the legislation of the Republic of Kazakhstan on insurance and insurance activity for form according to appendix 1 to these rules;

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