Kazakh Prime Minister Olzhas Bektenov met
with international business representatives during a meeting of the Investment
Climate Improvement Council. The discussion focused on enhancing the country’s business
appeal and refining tax policies. A new code, which is currently under
development, aims to introduce a service model administration, cut tax
reporting requirements by one-third, and reduce the number of tax payments by
20%. Additionally, manufacturers will benefit from a lower income tax rate,
while raw material processors will receive a VAT deferment on imported
equipment. According to the Kazakh Ministry of Finance, a record 1.2 trillion
tenge in VAT refunds was issued in 2024. To further enhance efficiency and
transparency in the tax refund process, a new information system will be
launched on January 1, 2026.
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