Kazakhstan: Acceptance Of Documents For Property Legalization Ends

Kazakhstan: Acceptance Of Documents For Property Legalization Ends

Acceptance of documents for property legalization has ended in Kazakhstan, Kazpravda.kz reports citing the press service of the Finance Ministry.

As of mid-December, the commissions formed under the local authorities and the State Revenue department received 146,608 applications (declarations) for property legalization totaling 1 671.7 billion tenge: 121,872 residential facilities in the amount of 1 180 500 000 000 tenge; 61,422 non-residential facilities in the amount of 352.8 billion tenge, including 12,786 commercial buildings the sum of 237.2 billion tenge; 144 shares in legal entities the sum of 101.9 billion tenge; securities in the amount of 36.5 billion tenge. In total 133,245 objects and securities have been legalized the sum of KZT 1 168.4 billion.

With regard to property outside Kazakhstan: in total 346 objects and securities were legalized in the amount of 31.2 billion tenge. The State Revenue office received 359 applications (declarations) for property legalization totaling 53.1 billion tenge: 320 residential objects in the amount of 44 883 400 000 tenge; 17 commercial buildings in the amount of 336.7 million tenge, including 9 commercial properties in the amount of 318.4 million tenge; 39 interests in legal entities in the amount of 4 980 900 000 tenge; securities in the amount of 2 928 600 000 tenge.

According to the National Bank’s report, second-tier banks opened 9,740 accounts on money legalization totaling 3 466.3 billion tenge (including transferred from abroad 481.7 billion tenge) (of which withdrawals from the accounts are 3 375, 5bn tenge), including 80.9 billion tenge on 179 applications before 30 November 2015; 3 162.4 billion tenge on 10,321 declarations submitted to the State Revenue authorities; 223.1 billion tenge has not yet been declared.

The budget received 10.4 billion tenge from the beginning of the legalization action, of which 3.1 billion tenge was returned (for early withdrawal of legalized money under the old provisions of the law).

By date 157 585 applications (declarations) have been received in the amount of 4 979.6 billion tenge, including legalized 4 192.1 billion tenge.

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