The new Tax Code simplifies tax regimes and supports businesses

The Ministry of Finance of the Republic of Kazakhstan is working to inform the public and the business community about the provisions of the new Tax Code. Events are being held in various regions of the country jointly with representatives of the National Chamber of Entrepreneurs "Atameken". So, today in Shymkent, a field seminar was held on the clarification of the new provisions of the Tax Code of Kazakhstan, which will enter into force in 2026. The event was hosted by Deputy Chairman of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan Zhanybek Nurzhanov and Committee experts in charge of tax administration.

There are about 26,000 small and medium-sized businesses in Shymkent. The city is an important industrial center of the republic, with the manufacturing sector accounting for almost a quarter of regional GDP, while the service sector accounts for about 70%. In addition, the largest enterprises of the chemical industry, non-ferrous metallurgy, petrochemical processing and mechanical engineering are located here.

At the seminar, entrepreneurs were interested in reducing the number of special tax regimes to three categories. The innovation will simplify tax accounting and facilitate tax administration for businesses. Self-employed citizens are given the opportunity to legally receive incomes of up to 4080 MCI per year without having to pay individual income tax, limited by social contributions in the amount of 4% of income. A special tax regime has been established for small businesses with a maximum rate of 4%, which is reduced to 2% if certain conditions are met. These measures are aimed at reducing the burden on entrepreneurs and increasing the transparency of the tax system.

"The new Tax Code significantly simplifies the activities of entrepreneurs, reduces the amount of reporting by about a third, and the declaration is submitted once a year. Control over compliance with the rules is carried out through an automated risk assessment system, and the accounts of enterprises with minor debts are no longer automatically blocked. All these measures make doing business more comfortable and stimulate economic development," said Zhanybek Nurzhanov, Deputy Chairman of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan.

Thus, the new tax rules contribute to creating favorable conditions for the development of the private sector, minimizing administrative obstacles and increasing confidence in the tax system of Kazakhstan.