Kazakhstan's Tax Code: new personal income tax calculation, deductions and decline in individual entrepreneurs
Changes to tax legislation are being discussed and introduced in Kazakhstan. The draft new Tax Code changes the procedure for calculating personal income tax, the adopted amendments introduce deductions for citizens and VAT for marketplaces, and the current code has already reduced the number of individual entrepreneurs.
Sources
· 5В Казахстане предложили новый порядок расчёта ИПН нарастающим итогом
1Казахстан вводит НДС 16% для маркетплейсов и налоговые вычеты для граждан
2Налоговый кодекс Казахстана сократил число ИП на 219 тыс. за семь месяцев
3МНЭ подготовило поправки в Налоговый кодекс о крипте, маркетплейсах и самозанятых
4Казахстан освободит доходы от цифровых активов от ИПН до 2028 года
5Key points
- The draft new Tax Code proposes to calculate personal income tax on a cumulative basis for all taxable income from one tax agent, excluding dividends.
- The Parliament of Kazakhstan approved amendments obliging marketplaces to pay 16% VAT on sales by foreign sellers and providing working citizens with a basic tax deduction of 30 monthly calculation indices (MCI) per month.
- The new Tax Code, effective from 1 January 2026, made it economically unprofitable for legal entities to work with individual entrepreneurs on the simplified regime; over seven months, the number of individual entrepreneurs decreased by 219 thousand, or 11.7%.
- The approved changes include a tax amnesty for cryptoassets declared by 15 September 2027.
What happened
The Parliament of Kazakhstan approved amendments to the Tax Code obliging marketplaces to pay 16% VAT on sales by foreign sellers. The changes also include a tax amnesty for cryptoassets declared by 15 September 2027 and new excise rules for imported cars.
What changed
Earlier, the Ministry of National Economy prepared a draft amendment proposing to make Kazakhstani marketplaces tax agents for foreign sellers and to exempt individuals' income from cryptocurrency transactions from personal income tax from 1 January 2026 to 31 December 2028. The government also announced a temporary exemption for such income through Kazakhstani providers for the same period. The amendments approved by parliament establish the obligation for marketplaces to pay 16% VAT, and cryptoassets receive an amnesty if declared by 15 September 2027.
Who's affected
The new Tax Code, effective from 1 January 2026, made it economically disadvantageous for legal entities to work with individual entrepreneurs on the simplified tax regime. According to the Chamber of Tax Consultants, in the first seven months of 2026 the number of registered individual entrepreneurs decreased by 219 thousand, or 11.7%, with the construction industry especially affected.
What to watch
Comments on the draft new Tax Code are accepted until 25 September 2026. The tax amnesty applies to cryptoassets declared by 15 September 2027.
What's Next
Comments on the draft are accepted until 25 September 2026; the tax amnesty for cryptoassets applies if they are declared by 15 September 2027.