12.The economic collateral of property tax.

Property taxes on a degree of estimation of object of taxation may be real and personal. On the one hand, these taxes are levied on external attributes of the object and in General does not depend on profitability of the subject. On the other side of the property taxes are increasingly being used as a complement to income tax and do not take into account the profitability of the taxpayer. The personal is the enhancement of the tax on persons with high incomes. Property taxes are levied regardless of how efficient the use of movable and immovable property. And introduced the law on the tax system of the Republic of Kazakhstan on January 1, 1992. And are divided into: Tax on transport,Land tax,The tax to property of physical persons and juridical persons

13. The vehicles tax in RK. Payers of the tax on transport vehicles shall be individuals who have taxable items on the right of ownership, and legal person having taxable items on the right of ownership, business authority or operative control, unless otherwise specified in this Article. The following shall not be recognized as payers of the tax on transport vehicles: 1) payers of single land tax in respect of the following transport vehicles which are held by their members on the right of common ownership, on the right of ownership and which are directly used in the process of production, storage and processing of own agricultural produce. 2) producers of agricultural produce, in particular payers of single land tax, in respect of the following specialized agricultural machinery used in production of own agricultural produce:. (grain combines; lorry cisterns to transport milk or water for agricultural purposes; vehicles of veterinary service); 3) state-owned institutions. The objects of taxation: Taxable items shall be transport vehicles, except for trailers, which are subject to state registration and (or) which are accounted for in the Republic of Kazakhstan. The following shall not be recognized as taxable items: 1) mine dump trucks with the load capacity of 40 tons and more; 2) specialised medical transport vehicles.

14.The property taxations of individuals of the RK. 1. Payers of the tax to property of physical persons are natural persons, with the object of taxation in accordance with article 405 of the present Code. The object of taxation: are located on the territory of the RK dwellings, buildings, cottage building, garages and other belonging to it by right of ownership, and objects of construction in progress from the moment of their stay, exploitation. Calculation of the tax on objects of taxation of physical persons is made by the tax authorities not later than August 1 of the tax period at the place of location. The tax is paid to the budget at the place of location of objects of taxation not later than 1 October of the reporting tax period.

2. Payers are not:

1) military men of urgent service for the period of their military service (study);

2) heroes of the Soviet Union, heroes of Socialist Labor, mothers with many children, awarded with ranks «Mother-heroine», awarded with the suspension of «Altyn алқа», separately residing pensioners - within 1000 times the MAI

3) participants of the great Patriotic war and persons equated with them, invalids of the I and II groups - in the range of 1,500-fold MAI

4) persons awarded with orders and medals of the former Soviet Union for selfless work and irreproachable military service in the rear during the great Patriotic war, and also the persons, who worked (served) not less than six months from 22 June 1941 year to may 9, 1945 and is not awarded with orders and medals of the former Union of SSR for selfless work and irreproachable military service in the rear in the years of the great Patriotic war, - in the range of 1500 times MAI.

5) individual entrepreneurs on the objects of taxation used in the entrepreneurial activity.

15. The property tax of legal entities in RK. The following shall be payers of property tax: 1) legal persons having taxable items on the right of ownership, business authority or operative control in the territory of the Republic of Kazakhstan; 2) individual entrepreneurs having taxable items on the right of ownership in the territory of the Republic of Kazakhstan. The following shall not be recognized as payers of tax on property: 1) payers of single land tax in respect of taxable items held of the right of ownership that are directly used in the process of production, storage and processing of own agricultural produce. 2) state-owned institutions; 3) state-owned enterprises of corrective institutions of the authorized state body in the sphere of execution of criminal punishments; 4) religious associations. Taxable items: 1) buildings, structures, referred to as such in accordance with classification, established by authorized state body in the field of technical regulation, and included as main assets or investment into real estate in accordance with the international accounting standards and the requirements of the Law of the Republic of Kazakhstan concerning accounting and financial reporting; 2) buildings and constructions being concession objects the right of ownership or use of which has been transferred under the concession agreement. The following shall not be recognized as taxable items: 1) land as an item for levying land tax; 2) buildings, structures which are under temporary closure under decisions of the Government of the Republic of Kazakhstan; 3) state-owned motor roads of common use and road structures attached to them: right-of-way; structural elements of roads; bridges; overbridges. Tax rates: Legal persons shall assess property tax at a rate of 1.5 per cent of the tax base. Property tax at a rate of 0.5 per cent of the yearly average value of taxable items shall be assessed by the following payers: 1) individual entrepreneurs; 2) legal persons who enjoy special tax regime on the basis of a simplified declaration.