What Changes Will Be Introduced in the New Tax Code 2026? - FCHAIN

What Changes Will Be Introduced in the New Tax Code 2026?

 At the 8th meeting of the Project Office for the implementation of the Tax Code, chaired by Deputy Prime Minister – Minister of National Economy Serik Zhumangarin, preliminary results of the work on improving tax legislation were reviewed.

So far, 60 issues related to the implementation of the Tax Code provisions have been considered during the Project Office meetings. Some of them require amendments and clarifications to the current regulations.

Let us review the key proposals.

 

Personal Income Tax Deduction When Disability Group Changes

The amount of the personal income tax (PIT) deduction depends on the disability group and can be 5,000 or 882 MCI.

If the disability group changes during the year, the question arises as to which deduction amount should be applied.

It is proposed to establish a rule according to which:

• if the disability group changes during the year
• the maximum deduction of 5,000 MCI will be applied.

This will be implemented according to the “absorption” principle and reflected in Article 404 of the Tax Code.

 

Cancellation of E-Invoice Requirement for Loan Interest

Currently, interest income on loans, credits, and microloans is exempt from VAT (Article 474 of the Tax Code). However, due to wording inconsistencies, such transactions are not formally included in the list of operations that do not require the issuance of an electronic invoice (ESF).

It is proposed to:

• remove the requirement to issue ESFs for these transactions;
• apply the amendment retroactively from January 1, 2026.

 

Expanding the List of Information Not Considered Tax Secrecy

As part of the digitalization of tax administration, it is proposed to expand the list of data that will not be considered tax secrecy.

The following information may be excluded from tax secrecy:

• amounts of social payments;
• debts related to social payments;
• certain taxpayer registration details.

This will require amendments to Article 45 of the Tax Code.

 

Clarification of VAT Exemption for Aviation Fuel Imports

The Tax Code exempts imports of fuel and lubricants for air transportation from VAT (Article 479).

However, the current wording may imply that confirmation of import must be provided by diplomatic missions, which actually relates to another subparagraph of the article.

It is planned to clarify the wording to eliminate possible misinterpretations.

 

Excise Exemption for Export of Energy Drinks

Currently, exports of excisable goods are exempt from excise tax in Kazakhstan. However, in the case of toll processing, excise tax arises when the processor transfers the finished product to the owner of the raw materials.

Even if the goods are later exported, the tax liability still occurs.

It is proposed to exempt such transfers from excise tax if the products are intended for subsequent export. A similar mechanism already applies to petroleum products.

 

Allocation of Mineral Extraction Tax by Place of Production

Currently, there is a contradiction between two codes:

• the Budget Code provides that mineral extraction tax for common minerals should be credited to budgets at the place of extraction;
• the Tax Code requires payment at the place of registration of the subsoil user.

To eliminate this discrepancy, amendments to the Tax Code and reporting forms are proposed.

The proposed changes are aimed at:

• eliminating legal inconsistencies;
• simplifying tax administration;
• advancing the digitalization of the tax system.

After approval, the proposals may be included in the updated version of the Tax Code.

 

How Businesses Can Prepare for the Changes

The proposed amendments may affect accounting, tax reporting, and document management processes within companies. In particular, the changes relate to tax deductions, electronic invoicing, and tax administration procedures.

FChain helps companies adapt to changes in tax legislation and minimize risks when implementing new requirements. The company’s experts:

• analyze the impact of Tax Code amendments on business processes;
• assist in properly structuring tax and accounting systems;
• provide консультации on the application of new regulations;
• support companies in implementing digital solutions and automating tax accounting.

Timely preparation for regulatory changes allows businesses to avoid reporting errors and maintain stable operations in an evolving tax environment.

 

Value Added Tax Rates in 2026: Changes and Key Rules

 

Prepared by: Moldir Mukhtar

Business Development Specialist

FChain Kazakhstan

📩 almaty@f-chain.com
📱 WhatsApp: +7 771 214 1820