Kazakhstan to exempt crypto income from tax under new decree
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Kazakhstan plans to exempt individual income from digital asset transactions from personal income tax, according to a decree developed by the Ministry of Digital Development and the National Bank. The measure aims to bring crypto operations into a regulated framework and boost investment in the sector.
Tax Incentives
The decree, drafted by the Ministry of Artificial Intelligence and Digital Development and the National Bank, proposes exempting income from digital asset transactions conducted through regulated Kazakh infrastructure from individual income tax. The ministry said the policy is intended to encourage voluntary disclosure of crypto assets held on foreign unregulated platforms and their transfer to domestic providers.
Cross-Border Payments
Another key focus is modernizing payment infrastructure, including mechanisms for using digital assets and stablecoins in cross-border settlements. This would open new channels for Kazakh businesses to conduct export-import operations, according to the ministry's press service.
Energy Use for Mining
The decree also introduces rules for using associated petroleum and natural gas from fields to generate electricity for digital mining, provided the resources are not needed for state needs. This aims to rationalize energy consumption and support regional development.
What's Next
The decree's provisions are expected to be implemented through subsequent regulatory acts. It remains unclear when the tax exemption will take effect and how the voluntary disclosure mechanism will be enforced.
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Kazakhstan to exempt crypto income from tax under new decree
