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Update - Kazakhstan Lower House Approves Differentiated Individual Income Tax Rates as Part of New Tax Code

|Proposed Changes|Kazakhstan
Kazakhstan

Kazakhstan's lower house of parliament (the Mazhilis) approved measures for the new draft Tax Code on 30 April 2025, including new differentiated individual income tax rates based on income type. As previously reported, this includes the introduction of an increased individual income tax rate of 15% on income exceeding 8,500 MCI (monthly calculation index) per year, which would apply for employment income. Employment income below 8,500 MCI would be subject to the current 10% rate. For dividen…

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