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Kazakhstan: Rules for determining taxable income from banking activities

Effective January 1, 2026

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December 4, 2025

A joint order by the Ministry of Finance and the National Bank effective January 1, 2026, provides rules for determining taxable income for second-tier banks under the new 25% corporate income tax rate, excluding income from business lending.

The regulations define taxable income for banking activities, provide a formula for business lending income, and outline procedures for other activities.


For more information, contact a KPMG tax professional in Kazakhstan:

Inna Alkhimova | ialkhimova@kpmg.kz  

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