Introduction of Digital Mining Fees

The Law of the Republic of Kazakhstan "On Amendments and Additions to the Code of the Republic of Kazakhstan "On Taxes and Other Mandatory Payments to the Budget" (Tax Code) and the Law of the Republic of Kazakhstan "On the Introduction of the Code of the Republic of Kazakhstan "On Taxes and Other Mandatory Payments to the Budget" (Tax Code)" dated 06/24/2021 No. 53-VII, Chapter 69 "Fees" of the Tax Code will be supplemented by paragraph 11 "Payment for digital mining".

The payers of the digital mining fee will be legal entities and individuals engaged in digital mining (cryptocurrency mining).

The object of taxation is the amount of electricity consumed during digital mining (cryptocurrency mining).

The amount of the fee is calculated by the payers of the fee based on the actual amount of electric energy consumed during the implementation of digital mining, and the established fee rate.

The payers of the fee pay to the budget the current amounts of the fee quarterly no later than the 20th day of the month following the reporting quarter

In addition, payers need to inform the authorized bodies on mining issues about the results of their activities, which is the Information Security Committee of the Ministry of Digital Development, Innovation and Aerospace Industry of the Republic of Kazakhstan.

Informing the authorized body is carried out:

- on paper to the Ministry of Digital Development, Innovation and Aerospace Industry of the Republic of Kazakhstan, at the address Nur-Sultan, Mangilik El Avenue, 55/14 C2.4.

- or in electronic form through the portals e-Otinish, Egov.

At the same time, if you have any questions, you can contact directly the employee of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan Kuandykov Nurzhan Kadyrovich by phone 8 (7172)70-99-46, cell 8 701 550 13 33, as well as by e-mail: n.kuandykov@kgd.gov.kz .

# mining

#salyk

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