Kazakhstan Leader Signs Code Raising Taxes for Banks

July 18, 2025, 11:25 AM UTC

Kazakhstan President Kassym-Jomart Tokayev signed a tax code, which will come into force from Jan. 1, 2026, according to his press office statement on Telegram.

  • Central Asian nation will keep corporate income tax at 20%
  • Tax rate will be at 25% for banks, except for the income received from lending to businesses
  • Tax breaks for “dividends paid on exchange traded securities” will remain
    • Until 2031, no corporate income tax will be necessary to pay on securities issued by state-run development holding Baiterek
  • Value added tax rate will increase to 16% from current 12%
  • NOTE: In January, Kazakhstan Seeks Up to ...





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