Government • 17 April, 2018

Introduction of single aggregate payment to give an impetus for formalization of self-employed — N. Altayev

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Vice Minister of Labor and Social Protection of the Population, Nurzhan Altayev, told about the systemic measures taken to withdraw the informally employed population from the "shadow" at a press conference following the meeting of the Government, reports primeminister.kz.

To simplify registration of informal workers and legalization of their activities, it is proposed to introduce a special tax regime — the Single Aggregate Payment (SAP), which combines 4 payments (IIT, MPC, contributions to the SHIF and SSIF) into one.

Payment of the SAP will mean the automatic registration of activities and participation in the system of medical and social insurance, pensions.

As explained earlier today at the meeting of the Government by the Minister of National Economy, T. Suleimenov, the essence of the new regime is a small amount of tax, a single payment, including tax and social payments, the absence of tax reporting, tax inspections and administrative penalties.

The SAP includes: the amount of the individual income tax (10%), the mandatory pension contribution (40%), and the social contribution to the state social insurance fund (10%), state health insurance fund (40%).

Norms on the SAP will be included in the Tax Code. Laws on compulsory health insurance, social insurance and pensions will be brought into line with the Tax Code. The order of payment and the distribution mechanism will be determined by a government decree.

According to Nurzhan Altayev, the SAP is designed for the main categories of self-employed, which will include employees of personal subsidiary farming, unpaid family workers, entrepreneurs with a small turnover of less than 100 MW per year and without employees.

According to the developers of the norm, the introduction of the SAP will provide an incentive for formalizing the above categories and will allow them to be involved in the social insurance and pensions system, reduce the financial burden and simplify the registration, payment and administration processes.

Currently, an appropriate draft Law of the Republic of Kazakhstan "On Amendments to Certain Legislative Acts of the Republic of Kazakhstan on the Legalization of the Activities of Informal Workers" is being drafted and will be submitted to the Majilis of the Parliament in the second quarter of 2018.

Answering the question of journalists about the amount of the SAP, the Vice Minister explained that a specific amount has not yet been agreed. But in any case it is a question of small payments.

"Supposedly, for the urban population this will be 1 MCI, and for rural residents — 0.5 MCI per month. According to our preliminary information, some employers are ready to pay these amounts for informal workers," Nurzhan Altayev summed up.

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