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      Dear Readers,

      The Ministry of National Economy has published a consultation paper on proposed amendments to the Tax Code for public discussion. The document reflects the first months of applying the new Tax Code and suggests changes to fix gaps, reduce the burden on businesses, and improve Kazakhstan’s investment climate.

      The proposed amendments include the following:

      Corporate Income Tax

      • Allow taxpayers to deduct for corporate income tax purposes expenses incurred for mandatory product marking;
      • Exclude from a nonresident's taxable income outstanding advance payments related to major long-term investment projects until the corresponding contractual obligations are fulfilled (Article 679 of the Tax Code).

      Value Added Tax and Excise Tax

      • Exempt from VAT factoring and forfaiting transactions carried out by second-tier banks;
      • Exempt from VAT imports of raw materials used under investment contracts;
      • Allow subsoil users to claim input VAT on goods acquired under contracts for complex offshore hydrocarbon production projects and transferred to the state for defense purposes.
      • Exempt from VAT air navigation services provided in connection with international air transportation;
      • Exempt from excise tax exports of energy drinks produced from tolling raw materials.

      Individual Income Tax

      • Establish a uniform procedure for applying the social deduction when a taxpayer's disability status changes during a calendar year;
      • Introduce a preferential personal taxation regime for foreign investors, business immigrants, and highly qualified professionals engaged in high-tech industries.

      General Measures to Improve the Investment Climate and Tax Administration

      • Reinstate the tax incentives that were in effect before 1 January 2026 for organizations implementing priority investment projects;
      • Abolish the fee for issuing tax residency certificates to investment residents of the Astana International Financial Centre.

      The public consultation on the Consultation Paper will remain open on the Open Legislative Acts Portal until 30 July 2026.