Kazakhstan to exempt digital asset income from PIT through 2028
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The Kazakh government proposed exempting individuals from personal income tax on digital asset income earned through local providers from January 1, 2026 to December 31, 2028. The measure is part of a broader tax reform package aimed at stimulating legal crypto turnover and attracting foreign investment.
Tax Incentives for Crypto
The government announced a temporary PIT exemption for individuals trading digital assets through Kazakh providers, effective 2026-2028. The move aims to legalize crypto transactions and increase tax compliance. The exemption applies only to operations via licensed local platforms.
Investment Support Measures
The package restores priority investment contracts and investment agreements with full fiscal preferences. Investors may independently build infrastructure and later claim deductions via CIT. The government also introduced a super-deduction for goods marking expenses and expanded PIT deductions for disabled persons.
Digitalization and Further Revisions
Additional amendments focus on digitalizing tax administration and improving procedures based on taxpayer feedback. Proposals from Atameken National Chamber and the Supreme Audit Chamber were incorporated. Some initiatives require further discussion with the business community before submission to the Kurultai.
What's Next
The draft law is expected to be submitted to the Kurultai after additional consultations with businesses. It remains unclear which specific proposals still need refinement and whether the parliament will approve the full package.
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Kazakhstan to exempt digital asset income from PIT through 2028
