Kazakhstan to offer 5-year tax holiday for foreign investors
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Kazakhstan's Ministry of National Economy has drafted amendments to the new Tax Code that would reintroduce a five-year special tax regime for foreign investors. The proposal aims to attract overseas capital by offering a tax holiday, though it comes with strict conditions.
The Tax Holiday Proposal
The Ministry of National Economy has drafted amendments to the new Tax Code that would grant foreign investors a five-year exemption from corporate income tax, land tax, and property tax. The measure is designed to attract direct investment into priority sectors such as manufacturing, agriculture, and technology. According to Lada.kz, the proposal revives some tax breaks that were previously abolished.
Strict Conditions Attached
To qualify for the tax holiday, investors must commit to a minimum investment of $50 million and create at least 100 jobs. The regime would apply only to new projects, not existing operations. The ministry estimates the measure could boost foreign direct investment by 20% over five years, though critics warn of revenue losses.
What's Next
The draft amendments are expected to be submitted to the Majilis for consideration in September 2026. It remains unclear whether parliament will approve the proposal or demand further revisions to balance investment incentives with budget needs.
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Kazakhstan to offer 5-year tax holiday for foreign investors
