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Amendments to the Tax Code: New Initiatives and Tax Incentives - FCHAIN

Amendments to the Tax Code: New Initiatives and Tax Incentives - FCHAIN

Amendments to the Tax Code: New Initiatives and Tax Incentives

Kazakhstan continues to improve its tax legislation. A new package of amendments to the Tax Code has been proposed, introducing initiatives aimed at developing the digital assets market, expanding support measures for investors, and improving tax administration. The proposed initiatives were developed within the framework of the Project Office, working groups, and in accordance with the instructions of the President of the Republic of Kazakhstan, the Government, and the Prime Minister. To date, the package includes 45 proposed amendments, the key provisions of which have already been reflected in the Regulatory Policy Advisory Document published by the Ministry of National Economy.

Exemption of Individuals from Personal Income Tax on Digital Asset Transactions

One of the most significant proposals is the introduction of a temporary tax incentive for individuals conducting transactions involving digital assets through licensed Kazakhstan-based digital asset service providers.

It is proposed to exempt such income from Personal Income Tax (PIT) for the period from January 1, 2026, to December 31, 2028. According to the proposal, this measure is expected to:

encourage the use of officially licensed Kazakhstan digital asset platforms;
increase the transparency of digital asset transactions;
create more favorable conditions for the development of the digital economy;
reduce the volume of transactions conducted in the informal sector.

Additional Measures to Support Investors

A separate group of amendments is aimed at improving Kazakhstan’s investment climate. Specifically, it is proposed to:

~ restore the mechanism for concluding priority investment contracts;
~ reinstate the possibility of concluding investment agreements with the full package of tax and other fiscal incentives;
~ allow investors to independently construct the necessary infrastructure with subsequent reimbursement of incurred costs through Corporate Income Tax (CIT) deductions.

According to the developers of the amendments, these measures are intended to make investment projects more attractive for both domestic and foreign investors.

Other Proposed Amendments

In addition to digital assets and investment incentives, the package includes several other initiatives, including:

~ introducing an enhanced tax deduction for mandatory product labeling expenses;
~ expanding Personal Income Tax deductions for persons with disabilities;
~ restoring social tax exemptions for certain types of income;
~ exempting factoring and forfaiting transactions from Value Added Tax (VAT);
~ adjusting the VAT input credit mechanism for agricultural products;
~ amending the excise taxation of fruit wines;
~ improving a number of other tax mechanisms.

In total, the package incorporates 20 decisions previously developed during Project Office meetings.

Further Digitalization of Tax Administration

Another key area of the proposed amendments is the continued digitalization of Kazakhstan’s tax administration system. The amendments are aimed at improving tax procedures and addressing issues identified during the application of the current Tax Code. They have been prepared taking into account proposals submitted by:

taxpayers;
government authorities;
the National Chamber of Entrepreneurs “Atameken”;
the Supreme Audit Chamber.

At the same time, several initiatives still require additional discussion with the business community before the draft law is submitted for further consideration.

What Does This Mean for Businesses?

Although the proposed amendments have not yet entered into force, they demonstrate the government’s commitment to developing the digital economy, creating a more attractive investment environment, and further modernizing tax administration. Businesses are encouraged to monitor legislative developments closely in order to assess the potential impact on their operations and prepare for upcoming regulatory changes in advance.

FChain — Professional Business Support in Kazakhstan

The experts at FChain continuously monitor legislative developments in the Republic of Kazakhstan and help businesses promptly adapt to new regulatory requirements. We provide a full range of business support services, including:

Accounting Services

Legal Services

HR Services

Need professional advice? Contact the FChain team. We will help you understand the latest legislative changes, minimize tax risks, and find the most effective solutions for your business.

Self-Employed Individuals in Kazakhstan in 2026

Prepared by: Moldir Mukhtar

Business Development Specialist

FChain Kazakhstan

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

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