Kazakhstan Economy Ministry Seeks Comments on Draft Tax Code

The Kazakhstan Economy Ministry March 7 opened a consultation on a draft bill to amend the tax code. The draft bill includes measures to: 1) introduce differentiated VAT rates for agricultural products, aquaculture, and agricultural cooperatives; 2) establish corporate income tax rates of 25 percent for the banking sector, 20 percent standard rate, and 10 percent for agricultural producers, financial leasing, and the social sphere; 3) accelerate the introduction of a progressive personal income tax scale; 4) reform special tax regimes by combining similar regimes and eliminating redundancy; 5) reduce tax benefits by at least 20 percent and define clear ...