Beyond the Horizon: taxation of renewable energy

We are pleased to present the Kazakhstan chapter of the fourth edition of the global report “Taxation of Renewable Energy – 2025”, prepared by KPMG. This year, the report has been expanded to cover not only wind energy but also other areas of renewable energy — including solar, geothermal, and hydropower.

Kazakhstan, with its unique natural potential — from wind plateaus to vast solar zones — is making steady progress toward sustainable energy. At the same time, the country has not yet introduced specific tax regimes for producers of “green” energy, except for certain investment projects approved by the government. This sets Kazakhstan apart from a number of countries that actively apply tax incentives (such as accelerated depreciation, corporate income tax benefits, and VAT exemptions). The exception applies to investment projects approved by the Investment Committee under the Ministry of National Economy of the Republic of Kazakhstan.

According to forecasts by the International Energy Agency (IEA), global solar power generation is expected to triple by 2030, while wind power generation is projected to double.

Kazakhstan is also aiming to contribute: the number of renewable energy facilities is growing, investment conditions are being established, and the regulatory framework is gradually developing. Nonetheless, there remains potential for further improvement of tax policy to stimulate the sector.

This report provides a brief overview of the existing tax environment in Kazakhstan as it relates to renewable energy production. We thank all experts and colleagues who contributed to the preparation of this material.

The Kazakhstan team contributed to the preparation of KPMG’s global report on the taxation of wind power.

Director
Tax&Legal
KPMG Kazakhstan
E: auzykanov@kpmg.kz

Senior Manager
Tax&Legal
KPMG Kazakhstan
E: ykonyrov@kpmg.kz

Consultant
Tax&Legal
KPMG Kazakhstan
E: nmukhamejan@kpmg.kz