Kazakhstan faces wave of 300,000 business closures by April 2027, experts warn
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Tax security expert Dmitry Kazantsev and entrepreneur Maxim Baryshev forecast that around 300,000 Kazakh entrepreneurs may face closures by April 2027 due to the new Tax Code. The most acute phase of the crisis is still ahead, they said in the 'Business Ninja' podcast. The warning comes even as the government promotes self-employment as a solution.
The Forecast
Dmitry Kazantsev and Maxim Baryshev warned that the new Tax Code will trigger mass cash gaps and business closures, with the peak expected in April 2027. They estimate that up to 300,000 entrepreneurs could be affected. The experts spoke on the 'Business Ninja' podcast, highlighting artificial growth in self-employment instead of real legalization.
Tax Code Impact
The new Tax Code, which took effect in 2026, introduces stricter reporting and higher compliance costs for small businesses. Kazantsev noted that many entrepreneurs lack the resources to adapt, leading to cash flow disruptions. The government has not yet commented on the forecast.
What's Next
The government is expected to release its own assessment of the Tax Code's impact by September 2026. It remains unclear whether authorities will introduce relief measures before the projected crisis peak.
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Kazakhstan faces wave of 300,000 business closures by April 2027, experts warn
