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 September 18, 2025 No. 508, on September 26, 2025 No. 55

About approval of Rules of determination of the taxable income on the banking activity performed by banks of the second level

According to subitem part two 4) Item 2 of article 357 of the Tax Code of the Republic of Kazakhstan Board of National Bank of the Republic of Kazakhstan of POSTANOVLYAET and Minister of Finance of the Republic of Kazakhstan PRIKAZYVAYET:

1. Approve Rules of determination of the taxable income on the banking activity performed by banks of the second level according to appendix to the presents to the joint resolution and the order.

2. To provide to committee of state revenues of the Ministry of Finance of the Republic of Kazakhstan in the procedure established by the legislation of the Republic of Kazakhstan:

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

2) placement of the presents joint the resolution and the order on Internet resources of National Bank of the Republic of Kazakhstan and the Ministry of Finance of the Republic of Kazakhstan;

3) within ten working days after state registration of the presents joint the resolution and the order 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) and 2) of this Item.

3. Joint the resolution and the order to assign control of execution of the presents to the First Deputy Chairman of National Bank of the Republic of Kazakhstan and the supervising Vice-Minister of Finance of the Republic of Kazakhstan.

4. The presents the joint resolution and the order become effective since January 1, 2026 and are subject to official publication.

Appendix

to joint to 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 September 18, 2025 No. 508, on September 26, 2025 No. 55

Rules of determination of the taxable income on the banking activity performed by banks of the second level

Chapter 1. General provisions

1. These rules of determination of the taxable income on the banking activity performed by banks of the second level (further - Rules), are developed according to subitem part two 4) of Item 2 of article 357 of the Tax Code of the Republic of Kazakhstan (further - the Tax code) and determine procedure for determination of the taxable income by the banking activity performed by banks of the second level.

2. In Rules the following concepts are used:

1) the other activities performed by banks of the second level - the activities of bank of the second level which are not relating to credit activity of subjects of entrepreneurship;

2) credit activity of subjects of entrepreneurship - the activities of banks of the second level connected with provision to individual entrepreneurs and legal entities of the credits (loans), the leasing and other financial instruments determined by Item 9 of these rules for the purpose of obtaining by the individual entrepreneur and legal entity of net income by use by the individual entrepreneur and legal entity of property, production, sales of goods, performance of works, rendering services, based on the right of private property (private entrepreneurship) or on the right of economic maintaining or operational management of the state company (state entrepreneurship) within independent, initiative activities.

In Rules also other concepts applicable according to the Tax code are used.

3. The taxable income on the banking activity performed by banks of the second level consists of the taxable income from credit activity of subjects of entrepreneurship and the taxable income from the other activities performed by banks of the second level.

4. The expense amount of bank of the second level, except for the expenses specified in Items 12 and 24 of these rules, subject to reference on deductions, is determined at the choice of bank of the second level by pro rata method by application of specific weight or by classification of expenses on direct and general.

Classification of expenses on direct and general is performed by banks of the second level independently proceeding from specifics of activities in tax accounting policy.

Direct expenses belong in full only to credit activity of subjects of entrepreneurship, as to the marked-out category or the other activities performed by banks of the second level with which they have direct cause and effect relationship.

Chapter 2. Procedure for determination of the taxable income from credit activity of subjects of entrepreneurship

Paragraph 1. Taxable income or loss from credit activity of subjects of entrepreneurship

5. The taxable income of bank of the second level from credit activity of subjects of entrepreneurship (Nodpred) is determined by the following formula:

  where:

Nodpred - the taxable income of bank of the second level from credit activity of subjects of entrepreneurship;

Sgdpred - the gross annual income of bank of the second level from credit activity of subjects of entrepreneurship determined according to paragraph 2 of Chapter 2 of these rules;

Umpred - the reduction Sgdpred relating to credit activity of subjects of entrepreneurship;

Kdpred - the adjustment Sgdpred performed according to the Tax code, relating to credit activity of subjects of entrepreneurship;

Vpred - the deductions determined according to paragraph 5 of Chapter 2 of these rules;

KV - adjustment of deductions;

Specific weight - the specific weight determined according to Item 15 of these rules.

6. The positive value received in case of application of formula according to Item 5 of these rules is recognized the taxable income on banking activity on crediting of subjects of entrepreneurship.

7. The negative value received in case of application of formula according to Item 5 of these rules is recognized loss from credit activity of subjects of entrepreneurship.

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