Resolution of the Board of the National Bank of Kazakhstan dated April 24, 2023 No. 26 on Approval of the Form and Deadline for Submission of Reporting on Indicators for Calculating Taxable Income of an Insurance (Reinsurance) Organization and Rules for Its Submission

Astana city

On Approval of the Form and Deadline for Submission of Reporting on Indicators for Calculating Taxable Income of an Insurance (Reinsurance) Organization and Rules for Its Submission

In accordance with Part 2 of Paragraph 4 of Article 190, Part 2 of Paragraph 1 of Article 231, and Part 2 of Paragraph 1 of Article 249 of the Code of the Republic of Kazakhstan "On Taxes and Other Mandatory Payments to the Budget" (Tax Code), subparagraph 65-2) of Part 2 of Article 15 of the Law of the Republic of Kazakhstan "On the National Bank of the Republic of Kazakhstan", and subparagraph 2) of Paragraph 3 of Article 16 of the Law of the Republic of Kazakhstan "On State Statistics", the Board of the National Bank of the Republic of Kazakhstan RESOLVES:

1. Approve:

1) the reporting form on indicators for calculating the taxable income of an insurance (reinsurance) organization according to Appendix 1 to this resolution;

2) the Rules for submitting reporting on indicators for calculating the taxable income of an insurance (reinsurance) organization according to Appendix 2 to this resolution.

2. An insurance (reinsurance) organization submits reporting on indicators for calculating the taxable income of an insurance (reinsurance) organization to the National Bank of the Republic of Kazakhstan in electronic format monthly no later than the 6th (sixth) working day of the month following the reporting month.

3. The Financial Market Statistics Department (A.M. Buranbaeva)
   ensures in the manner established by the legislation of the Republic of Kazakhstan:

1) together with the Legal Department (A.S. Kassenov) the state registration of this resolution in the Ministry of Justice of the Republic of Kazakhstan;

2) posting of this resolution on the official Internet resource of the National Bank of the Republic of Kazakhstan after its official publication;

3) within ten working days after the state registration of this resolution, submission to the Legal Department of information on the execution of the measure provided for in subparagraph 2) of this paragraph.

4. Control over the execution of this resolution is assigned to the Deputy Chairman of the National Bank of the Republic of Kazakhstan A.M. Baymagambetov.

5. This resolution enters into force upon the expiration of ten calendar days after the day of its first official publication.

Chairman	G.O. Pirmatov

"APPROVED"

Ministry of Finance of the Republic of Kazakhstan

"APPROVED"

Bureau of National Statistics
Agency for Strategic Planning and Reforms of the Republic of Kazakhstan

"APPROVED"

Ministry of National Economy of the Republic of Kazakhstan

"APPROVED"

Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market

Copy correct:

Chief Specialist-Secretary of the Board Zh. Mukhambetova

Appendix 1
to the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated April 24, 2023 No. 26

Form intended for the collection of administrative data

Submitted to: National Bank of the Republic of Kazakhstan

The administrative data form is posted on the Internet resource: www.nationalbank.kz

Report on Indicators for Calculating Taxable Income of an Insurance (Reinsurance) Organization

Index of administrative data form: 1 - NALSPO

Frequency: Monthly

Reporting period: as of "____" ______ 20 __ year

Circle of persons providing information: insurance (reinsurance) organization

Deadline for submission of the administrative data form: monthly, no later than the 6th (sixth) working day of the month following the reporting month

Form

Table. Indicators for calculating the taxable income of an insurance (reinsurance) organization

(in thousands of tenge)

Name	Line Code	Amount
1	2	3
Assets formed taking into account prudential standards (regulatory assets), including:	100
Cash and cash equivalents	101
Deposits placed	102
Securities measured at fair value, changes in which are reflected in profit or loss	103
Securities measured at fair value through other comprehensive income	104
Reverse repurchase operations	105
Affined precious metals	106
Derivative financial instruments	107
Reinsurance assets for unearned premiums (net of impairment reserves)	108
Reinsurance assets for incurred but not reported losses (net of impairment reserves)	109
Reinsurance assets for unincurred losses under life insurance (reinsurance) contracts (net of impairment reserves)	110
Reinsurance assets for unincurred losses under annuity contracts (net of impairment reserves)	111
Reinsurance assets for reported but unsettled losses (net of impairment reserves)	112
Insurance premiums receivable from policyholders (reinsurers) and intermediaries (net of impairment reserves)	113
Commission income from reinsurance, accrued taking into account requirements for prudential standards	114
Accounts receivable for insurance and reinsurance (net of impairment reserves)	115
Other accounts receivable (net of impairment reserves)	116
Loans granted to policyholders (net of impairment reserves)	117
Prepaid expenses	118
Current tax asset	119
Deferred tax asset	120
Securities measured at amortized cost	121
Investments in the capital of other legal entities	122
Inventories	123
Fixed assets	124
Right-of-use assets	125
Investment property	126
Non-current assets held for sale	127
Intangible assets	128
Other regulatory assets	129
Liabilities formed taking into account prudential standards (regulatory liabilities), including:	200
Unearned premium reserve	201
Reserve for unincurred losses under life insurance (reinsurance) contracts	202
Reserve for unincurred losses under annuity contracts	203
Reserve for incurred but not reported losses	204
Reserve for reported but unsettled losses	205
Loans received	206
Settlements with reinsurers	207
Settlements with intermediaries in insurance (reinsurance) activities	208
Settlements with shareholders on dividends	209
Payables under insurance (reinsurance) contracts	210
Other accounts payable	211
Provisions	212
Lease liabilities	213
Repurchase operations	214
Derivative financial instruments	215
Issued bonds	216
Deferred income	217
Liability for taxes and other mandatory payments to the budget	218
Deferred tax liability	219
Other regulatory liabilities	220
Capital formed taking into account prudential standards (regulatory capital), including:	300
Authorized capital (founders' contributions)	301
Withdrawn capital (founders' contributions)	302
Reserve capital	303
Additional paid-in capital	304
Regulatory reserve for unforeseen risks	305
Stabilization regulatory reserve	306
Revaluation reserve for securities measured at fair value through other comprehensive income	307
Impairment reserve for securities measured at fair value through other comprehensive income	308
Other regulatory reserves	309
Retained earnings (accumulated deficit) taking into account insurance reserves	310
including:
prior years	310.1
reporting period	310.2
Income accrued taking into account prudential standards (regulatory income), including:	400
Income from insurance activities	401
Insurance premiums accepted under insurance contracts	402
Insurance premiums accepted under reinsurance contracts	403
Insurance premiums ceded to reinsurance	404
Net amount of insurance premiums	405
Change in unearned premium reserve	406
Change in regulatory reinsurance assets for unearned premiums	407
Net amount of earned insurance premiums	408
Income in the form of commission remuneration for insurance activities, to be accrued taking into account prudential regulation requirements	409
Other regulatory income from insurance activities	410
Income from investment activities	411
Income related to receiving remuneration	412
including:
income in the form of remuneration for securities	412.1
income in the form of remuneration for placed deposits	412.2
Income (expenses) from transactions with financial assets (net)	413
including:
income (expenses) from purchase and sale of securities (net)	413.1
income (expenses) from repurchase operations (net)	413.2
income (expenses) from transactions with affined precious metals	413.3
income (expenses) from transactions with derivative financial instruments	413.4
Income (expenses) from revaluation (net)	414
including:
income (expenses) from changes in the value of securities measured at fair value, changes in which are reflected in profit or loss (net)	414.1
income (expenses) from foreign currency revaluation (net)	414.2
income (expenses) from revaluation of affined precious metals	414.3
income (expenses) from revaluation of derivative financial instruments	414.4
Income from participation in the capital of other legal entities	415
Other income from investment activities	416
Income from other activities	417
Income (expenses) from disposal of assets and receipt (transfer) of assets	418
Other income from other activities	419
Other regulatory income	420
Expenses accrued taking into account prudential standards (regulatory expenses), including:	500
Regulatory expenses for making insurance payments under insurance contracts	501
Regulatory expenses for making insurance payments under contracts accepted for reinsurance	502
Reimbursement of regulatory expenses for risks ceded to reinsurance	503
Reimbursement under subrogation claim (net)	504
Net regulatory expenses for making insurance payments	505
Regulatory expenses for settling insurance losses	506
Change in reserve for unincurred losses under life insurance (reinsurance) contracts	507
Change in regulatory reinsurance assets for unincurred losses under life insurance (reinsurance) contracts	508
Change in reserve for unincurred losses under annuity contracts	509
Change in regulatory reinsurance assets for unincurred losses under annuity contracts	510
Change in reserve for incurred but not reported losses	511
Change in regulatory reinsurance assets for incurred but not reported losses	512
Change in reserve for reported but unsettled losses	513
Change in regulatory reinsurance assets for reported but unsettled losses	514
Regulatory expenses for paying commission remuneration for insurance activities	515
Expenses related to termination of insurance (reinsurance) contracts	516
Expenses related to payment of remuneration	517
including:
expenses in the form of premium for securities	517.1
Interest expenses on lease liabilities	518
Expenses for impairment reserves	519
Recovery of impairment reserves	520
Net expenses for impairment reserves	521
General and administrative expenses	522
including:
labor costs and travel expenses	522.1
current taxes and other mandatory payments to the budget, excluding corporate income tax	522.2
current lease expenses	522.3
advertising expenses	522.4
third-party services	522.5
expenses for audit, consulting services and information expenses	522.6
depreciation charges	522.7
Other regulatory expenses	523
Profit (loss) for the period	524
Profit (loss) from discontinued operations	525
Net profit (loss) before payment of corporate income tax	526
Corporate income tax	527
including:
from main activities	527.1
from other activities	527.2
Total net profit (loss) after payment of taxes	528

Name ______

Address ______

Phone ______

Email address ______

Executor ______ ______

surname, name and patronymic (if any) signature, phone

Head or person vested with the function of signing the report

---

surname, name and patronymic (if any) signature

Date "____" ______ 20__ year

Appendix
to the reporting form on indicators for calculating taxable income of an insurance (reinsurance) organization

Explanation for filling out the administrative data form

Report on Indicators for Calculating Taxable Income of an Insurance (Reinsurance) Organization

(index – 1 - NALSPO, frequency – monthly)

Chapter 1. General Provisions

1. This explanation defines the requirements for filling out the administrative data form "Report on Indicators for Calculating Taxable Income of an Insurance (Reinsurance) Organization" (hereinafter – Form).

2. The Form is developed in accordance with Part 2 of Paragraph 4 of Article 190, Part 2 of Paragraph 1 of Article 231, and Part 2 of Paragraph 1 of Article 249 of the Code of the Republic of Kazakhstan "On Taxes and Other Mandatory Payments to the Budget" (Tax Code), subparagraph 65-2) of Part 2 of Article 15 of the Law of the Republic of Kazakhstan "On the National Bank of the Republic of Kazakhstan", and subparagraph 2) of Paragraph 3 of Article 16 of the Law of the Republic of Kazakhstan "On State Statistics".

3. The Form is compiled monthly by an insurance (reinsurance) organization and filled out as of the end of the reporting period. Data in the Form are indicated in thousands of tenge. An amount less than 500 (five hundred) tenge is rounded to 0 (zero), and an amount equal to 500 (five hundred) tenge and above is rounded to 1,000 (one thousand) tenge.

4. The Form is signed by the head or person vested with the function of signing the report, and the executor.

Chapter 2. Explanation for Filling Out the Form

5. For the purposes of determining the taxable income of an insurance (reinsurance) organization, the indicators of the form are calculated and reflected in accordance with the requirements established by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated December 26, 2016 No. 304 "On Establishing Normative Values and Calculation Methodologies for Prudential Standards of an Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Standards and Limits to Be Observed, Requirements for Shares (Participation Interests in the Authorized Capital) of Legal Entities Acquired by Insurance (Reinsurance) Organizations, Subsidiary Organizations of Insurance (Reinsurance) Organizations or Insurance Holdings, List of Bonds of International Financial Organizations Acquired by Insurance Holdings, Minimum Required Rating for Bonds Acquired by Insurance Holdings, and List of Rating Agencies, as well as List of Financial Instruments (excluding Shares and Participation Interests in the Authorized Capital) Acquired by Insurance (Reinsurance) Organizations", registered in the Registry of State Registration of Regulatory Legal Acts under No. 14794.

6. Insurance reserves are calculated in accordance with the Requirements for Formation, Calculation Methodology, and Structure of Insurance Reserves, approved by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated January 31, 2019 No. 13, registered in the Registry of State Registration of Regulatory Legal Acts under No. 18290.

7. In the Form, when filling out column 3, data as of the end of the reporting period, including the last day of the reporting period, are indicated.

8. An insurance (reinsurance) organization submits to the National Bank of the Republic of Kazakhstan via the web portal an explanatory note to the reporting monthly no later than the 6th (sixth) working day of the month following the reporting month, in which it indicates details for the items "other regulatory assets", "other regulatory liabilities", "other regulatory reserves", "other regulatory income", and "other regulatory expenses".

9. In lines from 100 to 528, except for lines 100, 108, 109, 110, 111, 112, 113, 114, 115, 129, 200, 201, 202, 203, 204, 205, 207, 208, 220, 300, 309, 310, 310.1, 310.2, 400, 401, 402, 403, 404, 405, 406, 407, 408, 409, 410, 420, 500, 501, 502, 503, 504, 505, 506, 507, 508, 509, 510, 511, 512, 513, 514, 515, 516, 523, 524, 526, and 528, data from the accounting records of the insurance (reinsurance) organization are indicated.

Appendix 2
to the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated April 24, 2023 No. 26

Rules for Submitting Reporting on Indicators for Calculating Taxable Income of an Insurance (Reinsurance) Organization

Chapter 1. General Provisions

1. These Rules for Submitting Reporting on Indicators for Calculating Taxable Income of an Insurance (Reinsurance) Organization are developed in accordance with Part 2 of Paragraph 4 of Article 190, Part 2 of Paragraph 1 of Article 231, and Part 2 of Paragraph 1 of Article 249 of the Code of the Republic of Kazakhstan "On Taxes and Other Mandatory Payments to the Budget" (Tax Code), subparagraph 65-2) of Part 2 of Article 15 of the Law of the Republic of Kazakhstan "On the National Bank of the Republic of Kazakhstan", and subparagraph 2) of Paragraph 3 of Article 16 of the Law of the Republic of Kazakhstan "On State Statistics", and define the procedure for submitting reporting by an insurance (reinsurance) organization to the National Bank of the Republic of Kazakhstan (hereinafter – National Bank).

Chapter 2. Procedure for Submitting Reporting

2. Reporting is submitted by an insurance (reinsurance) organization in electronic form via the information system "Web Portal of the National Bank of the Republic of Kazakhstan" (hereinafter – web portal).

3. Data in the reporting are indicated in the national currency of the Republic of Kazakhstan – tenge.

4. Reporting certified by the electronic digital signature of the head of an insurance (reinsurance) organization or a person vested with the function of signing the report, and the executor, is stored in electronic format.

5. Completeness and accuracy of data in the reporting are ensured by the head of an insurance (reinsurance) organization or a person vested with the function of signing the report.