Kazakhstan: Rules for determining taxable income from banking activities
Effective January 1, 2026
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