Kazakhstan Tax Agency Clarifies Amendments to Tax Code

The Kazakhstani State Revenue Committee Feb. 8 clarified amendments to the tax code. The clarification includes: 1) introducing a differentiated tax incentive approach in special economic zones (SEZs) and establishing the monthly calculation index (MCI) based on investment volume, with Category A eligible for seven years for investments up to 3,000,000 MCI, Category B for 15 years for investments between 3,000,000 and 14,500,000 MCI, and Category C for 25 years for investments exceeding 14,500,000 MCI; 2) VAT exemption on digital currency sales, a digital mining fee set at 2 Kazakh tenge (US$0.0045) per kilowatt-hour of electricity, and elimination of the ...