Issues reviewed by the Tax Code implementation Project Office

In July 2026, the Project Office reviewed, among others, the following issues:

1.      Another package of amendments to the Tax Code^[1]

At the 21st meeting of the Project Office, participants reviewed another package of amendments. In particular, it is proposed to:

• exempt individuals from paying personal income tax on income from transactions with digital assets carried out through Kazakhstani digital asset service providers for the period from 1 January 2026 to 31 December 2028;
• restore the mechanism for concluding investment priority contracts, as well as agreements on investments;
• allow investors to independently provide the necessary infrastructure with subsequent reimbursement of incurred costs through the CIT deduction mechanism.

At the same time, a number of initiatives require further discussion with the business community before the draft law is submitted to Kurultai. The discussion will continue within the Project Office.

2.      Taxation of transactions on the balancing electricity market for subsoil users operating under production sharing agreements^[2]

Since 1 July 2023, Kazakhstan’s balancing electricity market has operated in real time with hourly metering. All settlements for deviations between planned and actual electricity volumes are made through “Kazakhstan Electricity and Power Market Operator” JSC.

However, the current rules provide that market participants operating under production sharing agreements do not receive compensation in certain cases where negative imbalances exceed electricity purchase costs. This issue is expected to be further reviewed and regulated by law.