Kazakhstan proposes introducing a new tax incentive to stimulate the legal circulation of digital assets. This was reported by Qazaqyia.kz citing Sputnik Kazakhstan.
If the initiative is adopted, from January 1, 2026 to December 31, 2028, individuals who earn income from transactions through Kazakh digital asset providers will not be subject to personal income tax.
This proposal is included in a package of amendments considered at the 21st meeting of the project office for the introduction of the new Tax Code. The amendments are also aimed at creating favorable conditions for investors.
In particular, it is proposed to reintroduce the mechanism for concluding investment priority contracts, as well as to allow investors to carry out necessary infrastructure at their own expense and then compensate these costs through deductions for corporate income tax (CIT).
The new package also includes a number of initiatives for entrepreneurs. These include providing an additional tax deduction for costs of labeling goods, exempting factoring and forfaiting services from VAT, expanding personal income tax deductions for persons with disabilities, and introducing an excise tax on fruit wine.
In total, the package of amendments to the new Tax Code includes 45 changes. A number of initiatives will be included in the draft law only after additional discussion with the business community.