What Form 220 Means
In 2026, the designation “Form 220” alone is insufficient to determine the tax reporting form and the obligation to submit it: tax reporting forms and the explanations for them are established by the authorized body, while the taxpayer specifies the forms to be submitted in the web application (Art. 115 of the Tax Code of the RK).
In this case, the number 220 may be mistakenly taken for a declaration number, a line code, or an article number of the Tax Code. These are different designations. Article 220 of the Tax Code of the RK regulates the specifics of tax accounting by individual entrepreneurs rather than establishing a separate tax declaration called “Form 220” (Art. 220 of the Tax Code of the RK).
Tax forms include tax applications and tax reporting. They are prepared in Kazakh or Russian and submitted on paper or as an electronic document (Art. 112 of the Tax Code of the RK). Therefore, the document name should be determined from the approved form, rather than solely from the number specified in a request, notification, information system, or working spreadsheet.
If an accountant receives a request for “Form 220 Kazakhstan,” “Form 220 declaration,” or “Form 220 report,” the first step is to establish the document’s full name, purpose, and recipient. An article number of the Tax Code of the RK cannot automatically be treated as the number of a tax reporting form, nor can a line code in a table be treated as the name of the entire form.
For an IE, a reference to Article 220 of the Tax Code of the RK is generally associated with tax accounting rules. It defines the procedure for converting foreign-currency transactions, the rules for recognizing and determining the cost of inventories, the option to apply the weighted average cost method, and certain requirements for tax registers (Art. 220 of the Tax Code of the RK).
Form 220 in the Reporting of Microfinance Organizations
The cited provisions of the Tax Code of the RK do not establish a separate tax form called “Form 220” for microfinance organizations. If the number 220 appears in an industry-specific, financial, statistical, or other reporting table, its meaning is determined by the completion rules for that specific table.
Before completing it, the accountant must distinguish between:
- the tax form number;
- the number or code of a line within a report;
- the article number of the Tax Code;
- the number of an appendix to the reporting submission rules;
- the internal designation of a document in an accounting or information system.
The same number appearing in these details does not mean that they refer to the same document. For example, Article 220 of the Tax Code of the RK concerns tax accounting by IEs. It provides that an IE’s foreign-currency transactions are converted into tenge at the official exchange rate on the transaction date and that exchange differences are disregarded for tax purposes (Art. 220 of the Tax Code of the RK).
The same article also regulates inventory accounting. Inventories are recognized at cost when received by an IE or a person authorized by the IE, including after production by the entrepreneur, dismantling of fixed assets, or reclassification from other assets (Art. 220 of the Tax Code of the RK).
The cost of inventories includes acquisition costs, conversion costs, and other costs incurred to bring inventories to their current condition and location. Acquisition costs include import duties, non-refundable taxes, transportation, handling, and other expenses directly attributable to the acquisition. Trade discounts, supplier payment refunds, and similar discounts and refunds reduce such costs (Art. 220 of the Tax Code of the RK).
Conversion costs include expenses directly related to converting raw materials into finished products, including direct labor costs and production overheads. As a general rule, the unit cost of inventories for tax accounting purposes is determined based on the actual costs of that unit (Art. 220 of the Tax Code of the RK).
An IE may choose the weighted average cost method. Under this method, cost is determined as the average of the cost of inventories at the beginning of the period and the cost of similar inventories acquired or produced during the period. The selected method is reflected in the entrepreneur’s tax accounting policy (Art. 220 of the Tax Code of the RK).
IEs that produce goods or apply the weighted average cost method record inventory receipts and disposals in independently developed tax registers. The receipt of inventories as part of an internal transfer is not recognized as the IE’s income. An internal transfer means the transfer of inventories from one materially responsible person designated by the entrepreneur to another (Art. 220 of the Tax Code of the RK).
Thus, the rules of Article 220 of the Tax Code of the RK cannot be applied to a line with code 220 in another report. An industry-specific table is governed by its own name, set of indicators, unit of measurement, and completion rules. The provisions of the relevant article of the Tax Code of the RK apply to an IE’s tax accounting.
How to Verify and Complete a Report in 2026
If an accountant searches for “Form 220 2026” or “Form 220 for an IE under the generally established taxation regime in 2026,” the process begins with identifying the document. Following tax registration, the taxpayer specifies in the web application the tax reporting forms that must be submitted. If the types of activities change and an obligation to submit other forms arises, information about them must be entered in the web application before the deadline for submitting the relevant reporting (Art. 115 of the Tax Code of the RK).
The following procedure can be used to verify the document:
- Determine where the number 220 appears: in the form name, article number, line code, appendix, or information system interface.
- Establish the status of the reporting person: an IE, a legal entity, a structural subdivision, or an organization subject to industry-specific reporting.
- Identify the recipient of the document: the tax authority or another government authority.
- Verify the full name of the form and the procedure for its submission as established by the authorized body.
- Check whether the relevant form is included among the taxpayer’s tax reporting forms in the web application.
- If Article 220 of the Tax Code of the RK is concerned, apply its rules to the IE’s tax accounting rather than preparing a document merely because the number matches.
- Separate source documents, tax registers, and tax reporting: each of these documents has its own purpose.
- Before submission, verify the language, submission format, taxpayer details, and the document’s compliance with the approved form.
Tax reporting may be submitted on paper or electronically. An electronic document is sent through the web application, the tax mobile application, or an external information system connected to the tax authority’s information system (Art. 115 of the Tax Code of the RK).
Tax reporting forms, explanations for their preparation, and the submission procedure are established by the authorized body. Therefore, a universal calculation or completion procedure cannot be determined from the designation “220” alone: the approved form bearing its full name and containing the prescribed indicators is required first (Art. 115 of the Tax Code of the RK).
If the request concerns the documentation of an IE’s transactions rather than a report, source documents and tax registers should be used. The authorized body may establish forms of source accounting documents for IEs that do not maintain accounting records and prepare financial statements in accordance with accounting legislation. Such IEs may also prepare source accounting documents in the electronic invoice information system using an electronic digital signature (Art. 219 of the Tax Code of the RK).
Entries in tax registers are made on the basis of source documents (Art. 219 of the Tax Code of the RK). For inventory accounting, IEs engaged in the production of goods, as well as IEs that have selected the weighted average cost method, independently develop tax register forms and record inventory receipts and disposals in them (Art. 220 of the Tax Code of the RK).
When completing documents online, a document must not be selected solely because its number matches. The name in the information system must be compared with the approved form and the obligations of the specific taxpayer. Tax forms are prepared in Kazakh or Russian, and the obligation to retain them applies throughout the limitation period (Art. 112 of the Tax Code of the RK).
If the number 220 appears in a notification or request from a government authority, the accountant should read all the details: the document name, reporting period, reporting type, and addressee. This approach prevents tax reporting, source documents, tax registers, and the tax accounting rules for IEs from being confused.
Frequently Asked Questions
Who must submit Form 220? — The number alone is insufficient to determine who is obligated to submit it. The taxpayer specifies the tax reporting forms to be submitted in the web application, while the forms themselves and the procedure for their submission are established by the authorized body (Art. 115 of the Tax Code of the RK).
Is Form 220 a tax declaration? — The cited provisions of the Tax Code of the RK do not establish this. Article 220 of the Tax Code of the RK regulates the specifics of tax accounting by IEs, while tax forms include tax applications and tax reporting (Art. 112, 220 of the Tax Code of the RK).
What does Article 220 of the Tax Code of the RK regulate? — For IEs, it defines the rules for converting foreign-currency transactions, recognizing and calculating the cost of inventories, applying the weighted average cost method, and maintaining certain tax registers (Art. 220 of the Tax Code of the RK).
How should line 220 in a report be calculated? — The calculation rule depends on the report’s full name and the content of the line. The provisions of Article 220 of the Tax Code of the RK cannot be used as instructions for completing a similarly numbered line in another document.
Can Form 220 be completed online? — The exact name of the tax form must first be determined. Electronic tax reporting is submitted through the web application, the tax mobile application, or a connected external information system (Art. 115 of the Tax Code of the RK).
Is there a Form 220 for an IE under the generally established taxation regime? — The cited provisions do not identify a separate tax form with this name. For IEs, Article 220 of the Tax Code of the RK establishes tax accounting rules, while the list of forms to be submitted is determined for the taxpayer in the web application (Art. 115, 220 of the Tax Code of the RK).
How does a tax register differ from tax reporting? — Entries in tax registers are made on the basis of source documents, whereas tax reporting is submitted to the tax authority in the prescribed form (Art. 115, 219 of the Tax Code of the RK).
Must IEs develop their own inventory accounting registers? — IEs engaged in the production of goods and IEs that have selected the weighted average cost method record inventory receipts and disposals in tax registers whose forms they develop independently (Art. 220 of the Tax Code of the RK).
Sources
Tax Code of the Republic of Kazakhstan, Article 112 “Tax Forms.”
Tax Code of the Republic of Kazakhstan, Article 115 “General Provisions on the Submission of Tax Reporting.”
Tax Code of the Republic of Kazakhstan, Article 219 “Forms of Source Accounting Documents and Requirements for Their Preparation.”
Tax Code of the Republic of Kazakhstan, Article 220 “Specifics of Tax Accounting.”