Kazakh President Greenlights Sweeping Tax Code Amendments

Kazakh President Kassym-Jomart Tokayev has officially signed the updated Tax Code and the Law on amendments to several legislative acts concerning taxation.

The revamped Tax Code aims to significantly simplify tax administration by cutting tax reporting obligations by 30 per cent and reducing the number of taxes by 20 per cent, while optimizing tax preferences and levies, The Caspian Post reports, citing Kazakh media.

Key reforms span across corporate and individual income taxes, investment incentives, and the redistribution of the tax burden, reflecting a comprehensive overhaul of the country’s fiscal framework.

Under the new legislation, the Value Added Tax (VAT) rate is set at 16 per cent. VAT on pharmaceuticals and medical services will be reduced to 5 per cent starting in 2026, then adjusted to 10 per cent in 2027. VAT on periodical print publications is fixed at 10 per cent.

Additionally, the threshold for mandatory VAT registration has been lowered to 10,000 Monthly Calculation Indexes (MCI), equivalent to approximately 40 million tenge.