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Kazakhstan Updates New Draft Tax Code Including New Corporate Income Tax Rates for Certain Sectors and Revised Withholding Tax Rates

|Proposed Changes|Kazakhstan
Kazakhstan

Kazakhstan's Ministry of National Economy has published an updated draft of the country's new Tax Code. Some of the main changes in the latest draft include:

  • The introduction of the following sector-specific corporate tax rates, with the 20% rate maintained for other taxpayers:
    • 25% for banks and gambling entities;
    • 10% for companies performing manufacturing activities; and
    • 3% to 6% for agricult…

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