Selling a car in Kazakhstan can bring extra costs if the owner made a profit on the deal. Tax lawyer Yekaterina Kim explained when the obligation to pay individual income tax (IIT) arises and how to correctly calculate the amount, the website infohub.kz reports.
According to the specialist, taxable income arises for the seller when two conditions are met at the same time: the car was sold for more than it was bought for, and less than a year has passed since its registration. For vehicles registered abroad, the tax obligation may arise regardless of the period of ownership.
The tax is charged solely on the difference between the purchase price and the sale price. From 2026, the IIT rate is 10% for income up to 8,500 MCI (36.7 million tenge). Amounts above this threshold are taxed at 15%.
It is important to note that repair, maintenance and tuning costs do not reduce taxable income. If a citizen imported the car from abroad themselves, the purchase cost may in certain cases be increased by the VAT, excise duty, customs and recycling payments made. When a car is bought on credit, interest on the loan is also not taken into account.
A purchase and sale agreement, an invoice certificate, a bank statement and a loan agreement can confirm the acquisition cost. When importing a car from other countries, it is important to keep documents confirming the mandatory payments. If a gifted car is sold, the entire transaction amount is taxed, while for an inherited vehicle a market value confirmed by an appraiser may be required.
If taxable income arises, the seller must independently file a declaration in form 270.00 by September 15 of the following year and pay the IIT by September 25. Thus, for a car sold in 2026, the report must be filed in September 2027. The declaration can be submitted electronically through available services.
A first late filing carries a warning, while a repeat offence results in a fine. Late payment of the tax incurs penalties, and the debt may be collected forcibly.
Earlier, Kursiv Auto reported why owners of old Toyota and Lexus cars in Kazakhstan will pay less transport tax.