Astana, 27 October. Gains made by individuals selling digital assets would be exempt from personal income tax in 2026–2028 if the deals go through providers registered under Kazakh law; the government presented this and other amendments to the Tax Code to the Kurultai's finance and budget committee, the Kurultai's press office said.
The proposals themselves are not new. The government's project office included the digital asset relief and wider deductions for people with disabilities in a package of 45 amendments back in July, and on 4 September the National Economy Ministry put the draft out for public consultation. What is new on 27 October is that the relevant Kurultai committee reviewed the package before the bill is submitted.
The amendments are being drafted by ministries on the instructions of the Head of State. First Vice Minister of National Economy Azamat Amrin presented them. Besides the digital asset relief, the draft exempts holders of the "Altyn Visa", a long-term migration programme launched in spring 2026, from personal income tax, property and land taxes and from declaring income and assets. It proposes wider income tax deductions for people with disabilities, restores social tax exemptions for some types of income and simplifies VAT refunds and offsets in agriculture.
Vice Minister of Finance Yerzhan Birzhanov said a conditional "clean slate" mechanism is planned for micro and small businesses. Its aim, according to the Kurultai, is to reduce the administrative burden on entrepreneurs while tax rules are changing; how it would work was not disclosed. Deputies asked how the changes would affect the prices of food, utilities and air tickets, and raised taxation of banks, medicine and farming.
The exemption covers only deals through Kazakh providers, so the tax break doubles as a pointer to where to buy.
The condition on registered providers reflects the fact that legal trading in digital assets in Kazakhstan runs through platforms licensed by a regulator, above all at the Astana International Financial Centre (AIFC). The draft has not yet been submitted to the Kurultai; once it is, deputies will examine it in a working group and may propose amendments, committee chair Olga Perepechina said.
What it means: The summer package of tax relief for digital asset holders, foreign investors and small business has reached the Kurultai. The final wording will emerge once the bill is submitted and deputies have examined it.
Who benefits: Citizens who sell crypto assets through Kazakh platforms would pay no income tax on gains for three years. Kazakh digital asset providers, to whom the relief steers clients. Foreign investors with an Altyn Visa and people with disabilities. The Kurultai's statement does not say how much revenue the budget would lose.
Background: Kazakhstan's new Tax Code has been in force since 1 January 2026. The September draft also contains a provision that matters to the oil industry: the world oil price for tax purposes would be set by the formula "Brent minus the KEBCO discount", KEBCO being the grade Kazakhstan ships through the Transneft system. In October Kraken, one of the world's largest crypto exchanges, received preliminary approval from the AIFC regulator to operate in the centre.
We have also reported that Kraken received preliminary approval from the AIFC regulator.
