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Kazakhstan Parliament Considering New Tax Code Measures Including New Sector-Specific Corporate Tax Rates

24 April 2025

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Proposed Changes

Kazakhstan's lower house of parliament (the Mazhilis) is considering measures of the new draft Tax Code, which were approved in the first reading on 9 April 2025. This includes measures in the draft released by the Ministry of Finance in August 2024, with certain changes: The introduction of the following sector-specific corporate tax rates: 25% for banks and gambling entities; 10% for entities performing financial leasing services; and 5% for entities performing activities in education and medicine production in 2026, increased to 10% in 2027; The introduction of an increased individual income tax rate of 15% for individuals with income...

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