On 28 November 2019, the Kazakhstan parliament reportedly approved the Law on the State Budget for 2020-2022, which includes the monthly calculation index (MCI) and the monthly minimum wage for social security purposes for 2020. The MCI is increased from KZT 2,525 to KZT 2,651 for 2020 and is used for several tax-related purposes, including in relation to penalties, minimum investments for certain incentives, the VAT registration threshold, and others. The monthly minimum wage is maintained at KZT 42,500 for 2020 and is used primarily in relation to the monthly contribution basis caps for social insurance, health insurance, and pension...