As part of information and explanatory work among the population, on September 24, 2025, UAPF JSC will hold an Open Day on the topic: "Changes in the Tax Code of the Republic of Kazakhstan on the taxation of lump-sum pension benefit payments. Digital UAPF, everything for the convenience of contributors."
As is known, on July 18, 2025, the Head of State signed a new Tax Code of the Republic of Kazakhstan, which provides for the exemption from January 1, 2026 of income in the form of pension benefits, lump-sum pension benefit payments for housing / medical treatment (LSPBP) from the UAPF from individual income tax (IIT), with the exception of pension payments from the UAPF made to non-residents of the Republic of Kazakhstan. The changes also include the abolition from January 1, 2026 of tax deductions for voluntary pension contributions made in one's own favor, applied in the amounts established by the Tax Code to income subject to taxation at the source of payment. At the same time, the rule will be retained that voluntary pension contributions transferred by a tax agent to the UAPF in favor of an employee are not the income of an individual (accordingly, are not subject to IIT), and for the employer, such expenses are deductible when calculating corporate income tax. That is, in this case, both the employee and the employer receive tax benefits.
During the Open Day, UAPF contributors will have the opportunity to receive more detailed information about the main provisions of the new Tax Code of the Republic of Kazakhstan, which comes into force on January 1, 2026, in terms of pension benefits, as well as get acquainted with UAPF services provided in digital format.
In addition, participants will be able to receive qualified advice on all issues related to the funded pension system of Kazakhstan.
The meeting will be held online, which will allow everyone to take part in it. We hope that it will be useful for both depositors and journalists involved in covering topics related to the funded pension system of Kazakhstan.
Registration is required to participate in the event.