Kazakhstan Leader Signs Code Raising Taxes for Banks

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 ...