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Kazakhstan overhauls Tax Code with 50 key amendments by year's end

A sweeping tax reform is underway in Kazakhstan—with 50 changes locked in. Will businesses and citizens see relief before 2025? The new Kurultai holds the key.

,   and  Administrator
1 min read
The image shows a paper with pictures and text depicting the glorious reform in parliament. The...
The image shows a paper with pictures and text depicting the glorious reform in parliament. The paper is filled with vibrant colors and intricate details, showcasing the progress of the reform. The text is written in a bold font, emphasizing the importance of the message. The pictures on the paper are of people of different ages, genders, and ethnicities, all of whom are smiling and looking towards the viewer, conveying a sense of hope and optimism.

Kazakhstan overhauls Tax Code with 50 key amendments by year's end

Kazakhstan’s Tax Code is set for major updates after President Kassym-Jomart Tokayev called for revisions in January. The changes will be split into two groups: constitutional amendments and a 'basket package' of around 50 confirmed adjustments. Lawmakers are now working to finalise the proposals before sending them for approval later this year. The process began in January when Tokayev instructed a review of the Tax Code during a National Kurultai meeting. Following this, Prime Minister Olzhas Bektenov assigned Deputy Prime Minister Serik Zhumangarin to gather and assess feedback from businesses and the public.

The current parliamentary session will examine amendments tied to constitutional changes. However, the broader Tax Code revisions will not be introduced by this group. Instead, the newly formed Kurultai, expected to start work in autumn, will take over the task.

The 'basket package' includes roughly 50 amendments guaranteed to be adopted. The new Parliament aims to pass these by the end of the year. Once the session concludes in late June, the finalised amendments will be forwarded to the President for signature, potentially bringing changes into effect before 2025. If approved, the Tax Code updates could take effect as early as this year. The new Kurultai will lead the final stages of the process, with the 'basket package' of 50 amendments set for adoption by December. The President’s signature will mark the last step before implementation.

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