Online Accounting

Online Accounting service is currently available to BCC Business customers, individual entrepreneurs operating under the simplified tax regime.

To activate the Online Accounting service:

Go to the Online Accounting tab in the menu of BCC Business app homepage

Read and confirm your acceptance of the Offer Agreement

Fill in/verify your Company details

Fill in/verify your Company CEO's details

Complete the Online Accounting activation process

The Online Accounting service allows to keep accounting and tax records by performing the following processes:

• It reminds you of the deadlines for filing tax returns, paying taxes and contributions
• It calculates taxes
• It generates payments and sends them to the appropriate State Revenue Department
  
  

Moreover, the service allows performing the following processes manually:

• Confirm transactions
• Add information about accounts with other banks for correct tax calculations
• Generate and submit tax returns

An individual entrepreneur operating under the simplified taxation system shall pay the following mandatory contributions:

For themselves, monthly:

• MPC* - Mandatory Pension Contributions
• SSC* - Social Security Contributions
• CSHIC - Health Insurance Contributions.

* The IE determines the amount of contributions at his/her own discretion, but not lower than ₸ 7,000 for MPC and ₸2,450 for SSC. If there is no income earned in the month, payment of MPC and SSC for yourself is not required. Health Insurance Contributions (CSHIC) are required monthly, even if there is no income.

For an employee, monthly:

• MPC - Mandatory Pension Contributions
• SSC - Social Security Contributions
• CSHIC - Health Insurance Contributions
• CSHI - Health Insurance Deductions
• IIT - Individual Income Tax

Taxes for yourself and your employees must be paid by the 25th day of each month.

Income taxes, every six months:

• IIT - Individual Income Tax
• ST - Social Tax

Income taxes must be paid for the first half of the year by 25th of August and for the second half of the year by 25th of February of the following year.

Important:

• If the Company's turnover exceeds 20,000 MCI for the year, the Company must register for VAT and pay an additional 12% on a quarterly basis.
• If turnover exceeds 24,038 MCI for six months, the Company should switch to the generally established regime.
  It is convenient to pay all taxes and deductions via the BCC Business app.  

Tax liabilities for individual entrepreneurs (IE) under the simplified regime are assessed based on turnover and include the following components:

• Income tax (IIT/CIT) - 1.5% of turnover.
• Social tax - 1.5% of income deducted from the amount of social security contributions (SS) for both individual entrepreneurs and employees.

• Go to Online Accounting → Tax Payment service in the BCC Business app. The service will automatically display the nearest tax payment dates.
• Enter your business income for the half-year (non-cash receipts with Bank CenterCredit, non-cash transfers in other banks and cash receipts) in the corresponding cells.
• Enter the amounts of social security contributions you paid for IE and employees during the six-month period.

Taxes that were paid through BCC Business are automatically filled out with data in the Social Security Contributions for IE field. Apply the adjustment if the average monthly salary of employees and IE is 23 MCI,  and of LLP is 29 MCI. This will reduce the amount of tax.

You can view the payment information any time on the BCC Business homepage.

HR events for individual entrepreneurs include various changes and situations related to employment relations and HR management, such as: hiring, dismissal, leave, salary accrual and payment, social security contributions, and other HR management-related aspects.

In the BCC Business app, you can manage the following HR events:

1) Leave arrangement

2) Unpaid leave arrangement

3) Dismissal and payment process

4) Salary changes

5) Bonus Payments  

6) Sick Leave Payments

7) Minimum Wage Deduction

8) Employee maternity leave arrangement

9) Change of employee's social status (application of benefits: old-age pensioner, time-in-service pensioner, disability, multiple children mother, student).

To manage HR events, go to the Company and Employees tab on the Online Accounting homepage. For your convenience, information on the Company, employees and HR events is divided into blocks.

Go to Online Accounting → Tax Payment service in the BCC Business app. The service will automatically display the nearest payment dates, payroll taxes and contributions.