A bill about compulsory social health insurance contributions has been introduced and was sent to Senate on 8th October 2015. This bill is about a new social health insurance system to be launched from 2017. In calculating social health insurance contributions, taxable income will be capped at 15 Minimum Monthly Salaries (1 MMS is KZT 21,364, approximately USD 78, from 2015). Paid contributions will be deductible for corporate income tax and individual income tax purposes. This contribution will be payable under following conditions:
- Employers will withheld and pay contributions calculated based on employees’ salaries, which will raise from 2% in 2017 to 5% in 2020.
- Employees will pay contributions calculated based on taxable employment income at 1% in 2019 and 2% in 2020.
- Calculating social health insurance contributions on the basis of business or professional income generated, each entrepreneurs and individuals deriving professional income (e.g. notaries and lawyers) will pay contributions at 2% in 2017, 3% in 2018, 5% in 2019 and 7% from 2020.
