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Kazakhstan Consulting on Tax Code Amendments Including Different Corporate Tax Rates for Different Sectors

21 March 2024

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Proposed Changes

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Kazakhstan

Kazakhstan's Ministry of the National Economy has launched a public consultation on draft amendments to the Tax Code. Some of the main measures include: Different corporate income tax rates for different sectors: 25% for the banking sector; 20% in general; and 10% for agricultural producers, financial leasing, and the "social sphere" (education, medicine, health care). Measures to stimulate reinvestment of profits in business development, including a mechanism to reduce or exempt corporate income tax on profits aimed at technological modernization and scientific development and revised depreciation rates; Increased taxation of luxury goods, including increased rates where the total value of...