Kazakhstan: Proposed amendments to Tax Code
Proposals concern the financial sector, tax exemptions for nonresidents, and information reporting requirements.
april 22, 2026
A package of proposed Tax Code amendments covers the taxation of the financial sector, tax exemptions for nonresidents on stock exchange transactions, and the procedure for submitting information on certain types of utilities and transport services.
Financial sector
- A proposal would allow insurance companies to pay the corporate income tax resulting from the one-off effect of transitioning to International Financial Reporting Standard (IFRS) 17 in equal installments over 2026–2028.
- Another proposal would reinstate the value added tax (VAT) exemption for factoring transactions. Under the current rules, the VAT exemption does not apply.
Tax exemption for stock exchange transactions for nonresidents
- A proposal would restore the capital gains tax exemption for nonresident legal entities on stock exchange transactions. This exemption currently applies only to nonresident individuals. The proposal would provide a uniform approach.
Submission of information on utilities and transport services
- For taxpayers providing certain utilities and transport services, proposals would:
- Extend the quarterly reporting obligation to all taxpayers, including individual entrepreneurs
- Exclude certain data from the reporting scope, as this information is already available in the tax authorities’ information systems
- Shift the reporting deadline to the last day of the month following the reporting quarter
Read an April 2026 report prepared by the KPMG member firm in Kazakhstan