For individual entrepreneurs to be aware!
On calculation of social contributions by self-employed people
In connection with the appeals of entrepreneurs, we publish an explanation of the calculation of social contributions for individual entrepreneurs, applying the special tax regime for small business.
Article 1 of the Law of Kazakhstan "On obligatory social insurance" stipulates that a base for calculation of social contributions of self-employed people should be their income. According to paragraph 2 of Article 15 of the law on social insurance, calculation and transfer of social contributions is paid on monthly basis for the participants of the system of obligatory social security. Monthly income is taken for the calculation of social security contributions in an amount not exceeding ten times the minimum wage established by law on the national budget.
If the object of calculation of social contributions for the calendar month is less than the minimum wage established by law on the national budget and applicable as of 1 January of the financial year, the social contributions are calculated, are listed on the basis of the minimum wage.
It should be noted that the decision of the Government of RK from 14.04.2016 #215 amendments were introduced to the Government Decree dated by June 21, 2004 #683 “On approval of the social contributions for the calculation and transfer of the Rules" (published in "Kazakhstanskaya Pravda" on 16.04.2016, # 72 (28198) and "Egemen Kazakhstan" on16.04.2016 #72 (28800)).
In accordance with the amendments to paragraph 3 of the Rules of calculation and transfer of social contributions for self-employed people, received income is taken as the basis for calculation of social contributions.
Under the income of self-employed people is recognized the amount determined by an entrepreneur within the dimensions stipulated in paragraph 2 of Article 15 of the Law of the Republic of Kazakhstan "On obligatory social insurance".
This provision was introduced on 1st of January 2016.
Considering the above, an entrepreneur has the right to make the calculation of social contributions at the rate of 1 minimum wage indicator and not more than 10 minimum wage indicators, established for the financial year by the law on the national budget.
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