Form 250.00

Who submits declarations under universal declaration?

Form 250.00 is the «initial» declaration of assets and liabilities of an individual. It is submitted once if an individual — a citizen of the Republic of Kazakhstan or a tax resident — owns property abroad.

The obligation to submit Form 250.00 applies to:

adult citizens and residents of the Republic of Kazakhstan who own assets abroad (real estate, shares in companies, securities, funds in foreign bank and brokerage accounts, loans, etc.);
candidates for elective and public positions;
individuals seeking the status of a major participant in a bank, securities market, or insurance organizations;
citizens who wish to voluntarily submit a declaration reflecting other property valued at over 1,000 MCI.

Previously, specific years were indicated as benchmarks for the general declaration for certain categories of individuals. Now, it is important to understand the general principle: Form 250.00 is submitted once in the year when you first have grounds for its submission (for example, purchasing real estate abroad).

What data must be reflected in Form 250.00?

The declaration in form 250.00 displays information about the assets and liabilities of an individual at the end of the year in which the obligation to submit such a declaration arose, namely:

1. information about the presence of property outside Kazakhstan:

real estate, land plots, air and sea vessels
vehicles
money in bank accounts exceeding 1,000 MCI at the end of the reporting year
shares in legal entities

2. information about the presence of property both in the Republic of Kazakhstan and abroad:

share in the construction of real estate
securities
digital assets
investment gold
objects of intellectual and copyright
money in foreign brokerage accounts
cash within 10,000 MCI
loans
other property worth more than 1,000 MCI per unit (jewelry, antiques, biological assets, property in trust, trusts, etc. based on the valuation report)

The form 250.00 does not reflect:

real estate and transport registered in Kazakhstan;
funds and liabilities to banks and credit organizations of Kazakhstan.

This should be done in advance to avoid any issues

Before submitting Form 250.00, it is recommended to:

notarize loan agreements with individuals and obtain signed reconciliation acts for loans with legal entities and individual entrepreneurs that you plan to declare;
if you have large cash amounts (over 10,000 MCI), place the excess in bank accounts or other financial instruments to avoid questions during verification;
conduct an independent valuation of expensive property (cultural valuables, jewelry, antiques, etc.) if its value exceeds 1,000 MCI;
independently verify information about your assets and liabilities through official sources (Central Securities Depository, Kazregister, National Institute of Intellectual Property, NAO «Government for Citizens», Republican Notary Chamber, etc.).

Deadlines and procedure for submitting the 250.00 declaration

The «initial» declaration using Form 250.00 must be submitted by September 15 of the year following the year in which the obligation to submit it arose

The declaration is submitted at the place of residence (stay) of the taxpayer, including through:

the «Taxpayer’s Cabinet» (kgd.gov.kz);
the «Electronic Government» portal;
the eSalyq Azamat and eGov mobile applications;
CSCs and branches of the state revenue authorities (on paper or by mail).

If errors are found in a previously submitted declaration, the taxpayer has the right to correct the information by submitting an additional Form 250.00, provided that the rights to ownership of the property being additionally declared arose in the year the «initial» declaration was submitted. Amendments are allowed within the next three years