The Ministry of Finance explains the provisions of the new tax code to businesses.

The Ministry of Finance explains the provisions of the new tax code to businesses.

The new Tax Code, which comes into force in January 2026, is of strategic importance for increasing the transparency of the tax system in Kazakhstan. It is aimed at simplifying tax administration procedures, strengthening tax fairness and creating favorable conditions for doing business. In this regard, the Ministry of Finance of the Republic of Kazakhstan initiated an information campaign, the purpose of which is an accessible and understandable explanation of the main provisions of the new code in all regions of the country.

The information campaign is supported by akimats and the Atameken National Chamber of Entrepreneurs. The first region where explanatory meetings started was the Abai region. The region demonstrates positive dynamics of development: the plan for tax revenues to the state budget was executed by 106% (with a plan of 244.8 billion tenge, 259.7 billion tenge was received). The economy of the Abai region is based on agriculture, mining and energy.

In Semey, Vice Minister of Finance Yerzhan Birzhanov met with representatives of the business community. Senator Eugene Bolgert also took part in the event. The participants were presented in detail the main provisions of the new Tax Code. During the meeting, practical explanations were given on the application of the updated tax rules in everyday activities. Particular attention was paid to changes related to the calculation and payment of value added tax (VAT), corporate and individual income tax.

In addition, the participants received comprehensive information about the most significant innovations, including the specifics of taxation for small and medium-sized businesses, measures to simplify tax administration procedures and reduce bureaucratic barriers.

"Tax reform will reduce the administrative burden on business. Thus, the number of tax forms decreased from 36 to 25 (-30%), taxes - from 45 to 36 (-20%). Reporting time will decrease from 280 to 200 hours per year (-30%). We are committed to making tax administration more transparent, understandable and less burdensome. This will create more comfortable conditions for doing business and will contribute to bringing business out of the shadows, "said Vice Minister of Finance of the Republic of Kazakhstan Yerzhan Birzhanov.

At the end of the meeting, detailed answers to topical issues were given, which contributed to a constructive dialogue and productive exchange of views.