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Press release to the draft decree of the Government of the Republic of Kazakhstan "On invalidation of some decisions of the Government of the Republic of Kazakhstan»

The purpose of adoption of the draft Resolution of the Government of the Republic of Kazakhstan "On invalidation of some decisions of the Government of the Republic of Kazakhstan" is recognition as invalid:

1) Decree of the Government of the Republic of Kazakhstan dated August 20, 2004 № 878 "On approval of the Rules of implementation by the State social insurance Fund of activities related to financial instruments" in connection with the statement of the procedure for investment management of assets of "State social insurance Fund" JSC in the Law of the Republic of Kazakhstan dated " " 20   "On compulsory social insurance";

2) Decree of the Government of the Republic of Kazakhstan dated June 21, 2004 № 683 "On approval of Rules and terms of calculation and transfer of social contributions to the State social insurance Fund and penalties for them" in connection with the exclusion of the competence of the Government of the Republic of Kazakhstan approval of these Rules and the transition of powers to authorized body, represented by the Ministry of labor and social protection of the population of the Republic of Kazakhstan.

Also, the draft provides for the recognition of invalid Government Decrees that made amendments and additions to the above-mentioned decrees.

As a result of the adoption of the draft decree, the Ministry of labor and social protection of the population of the Republic of Kazakhstan will approve the Rules and terms of calculation and payment of social contributions to the State social insurance Fund and penalties for them.

The implementation of the draft decree will not require additional financial costs from the national budget and will not entail negative social and economic or legal consequences.

Changed on 4 September, 2019 - 18:15
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