Kazakhstan Consulting on Tax Code Amendments Including Different Corporate Tax Rates for Different Sectors

Kazakhstan's Ministry of the National Economy has launched a public consultation on draft amendments to the Tax Code. Some of the main measures include:

• Different corporate income tax rates for different sectors:
  • 25% for the banking sector;
  • 20% in general; and
  • 10% for agricultural producers, financial leasing, and the "social sphere" (education, medicine, health care).
• Measures to stimulate reinvestment of profits in business development, including a mechanism to reduce or exempt corporat…