New Tax Code reduces bureaucratic burden for business

The Ministry of Finance of the Republic of Kazakhstan consistently implements the concept of "Hearing State," which is aimed at an open dialogue between representatives of the authorities and the population. As part of this work, the department clarifies the provisions of the new Tax Code. So, in Shymkent, a meeting was held between Vice Minister of Finance Yerzhan Birzhanov and entrepreneurs, representatives of large enterprises and government agencies.

The new Tax Code is designed to ease the burden on the business and create more convenient conditions for its conduct. Yerzhan Birzhanov noted that one of the important changes was a 30% reduction in tax reporting. This will allow entrepreneurs to spend less time preparing documents and focus on the development of their activities.

An important innovation was the transformation of desk control into a notification format. Now the tax authorities will send a notice of identified inconsistencies, and not apply tough measures automatically. This norm is aimed at increasing trust between the state and business, as well as at a more flexible settlement of possible situations.

A significant step forward was the decision to abandon the automatic blocking of taxpayers' accounts. This practice previously created risks for the stable operation of companies, especially small and medium-sized businesses. In addition, the new Tax Code abolishes tax audits for past years. This approach makes the system more predictable and reduces the stress on entrepreneurs.

Tax deferral and installment procedures are also simplified. Now it will be easier for taxpayers to get support for temporary financial difficulties, which is especially important in conditions of economic instability. This will allow the business to maintain liquidity and avoid financial shocks.

The meeting participants were provided with detailed information on other important changes. So, in pursuance of the instructions of the Head of State, as part of operational measures to introduce the new Tax Code, from January 1, 2026, in relation to micro and small businesses, it is planned to conduct tax administration "from scratch."

In addition, desk audits and tax audits will not be conducted until 2026. It also stops filing lawsuits to invalidate transactions or register companies made before that date.

For business entities, a simplified liquidation procedure is introduced, which does not require passing desk control. Entrepreneurs are exempted from administrative responsibility for violation of the VAT registration procedure and failure to submit tax reports.

An important support measure will be the write-off of all accrued penalties and tax fines if the principal debt is repaid by April 1, 2026. These steps are aimed at facilitating the transition of business to new rules and reducing administrative pressure.