On January 1, 2026, a new Tax Code came into effect in the Republic of Kazakhstan, introducing significant revisions to personal income tax procedures, particularly concerning property income. The most prominent changes impact transactions involving real estate, such as apartments, residential houses, and land plots.
What is considered property income?
Property income refers specifically to the capital gains realized by an individual from the sale of an asset, if there is increase in value. It is determined by calculating the difference between the sale price and the purchase price. If the property is sold for more than it was bought, the difference is recognized as taxable income and must be included in the declaration.
Length of ownership is extended.
One of the most significant changes in the 2026 Tax Code is the extension of the minimum ownership period required for tax exemption.
If a property was previously held for just 1 year, it was exempt from taxation upon sale, however, after January 1, 2026, this holding period has been extended to 2 years - but only for objects acquired after the entry into force of the new code
Consequently, if you sell a property purchased after January 1, 2026, before the two-year mark, you will be liable for personal income tax (PIT) for properties purchased before 2026, in some cases, the same conditions continue to apply (1 year of ownership)
Progressive tax rate
Since 2026, a progressive scale of individual income tax (IIT) has also been introduced for property income:
10% – if the increase in value does not exceed 8,500 MCI (1 MCI in 2026 - 4,325 tenge, 8,500 MCI-36.7 million tenge);
15% — from the amount exceeding the specified threshold.
At the same time, taxation is carried out differentially: the basic part of income is taxed at a rate of 10%, and the amount exceeding it is taxed at a rate of 15%. In this regard, tax liabilities are determined based on the amount of income received.
What objects are subject to the tax?
The new rules apply to residential real estate (apartments and houses), land plots, commercial real estate, and other assets that increase in value upon sale.
It is important to note that for commercial properties, the ownership duration does not qualify the owner for a tax exemption, regardless of how long the property has been held, tax must be paid on any realized income.
Declaration of income
When receiving property income, an individual must:
submit a declaration in the form 270.00;
the deadline for submitting is September 15 of the year following the year of sale;
the tax is due by September 25th.
Transitional provisions
Transitional rules have been also established. For real estate purchased prior to January 1, 2026, the previous tax conditions remain in effect. It is intended to ensure to ensure a smooth transition to the new system, and reduce tax burden on citizens.