On July 18, 2025, the new Tax Code of the Republic of Kazakhstan was signed, which does not provide for the introduction of a separate "luxury tax." At the same time, the document contains provisions concerning the taxation of certain categories of property of individuals with high value. In particular, the following types of property are subject to taxes and/or excise taxes at special rates.:

• Motorvehiclesworth18,000MCIormorearesubject to an excisetax of 10%of the value of the vehicle.
• Yachtsandairplanesworth24,000MCIormorearealsosubject to a 10%excise tax.
• Alcoholicbeverages, the cost of whichexceeds500,000tenge– the excise tax is10%of the costintengeperliter.
• Tobaccoproducts(cigars)worthmore than 10,000tenge– an excise tax of 10%of the valueintengeperpiece.
• Immovableproperty(residentialbuildings,apartments, etc.), the totalvalue of which,registeredperowner,exceeds450milliontenge, issubject to propertytaxat a rate of 2%.

 Determining the value of real estate The calculation of the value of realestatefor the purposes of taxation of individuals is carried out by the NAO"GovernmentforCitizensStateCorporation".

At the same time, the cost determined by the NAO is usually significantly lower than the market value. In addition, the luxury coefficient of one is used when evaluating residential and suburban properties.

 Localrepresentativebodies(maslikhats) have the right to increasethiscoefficient by nomorethan50%,dependingon the category of housing.

The procedure for taxation of real estate

• If the totalvalue of allobjectsowned by onepersonexceeds450milliontenge, the tax is calculatedat the rate of 2%of the totalamount.At the same time, the minimumtaxamount is 2,946,600 tengeplus2%of the amountexceeding450milliontenge.
• If the totalvalue of the property does notexceed the establishedthreshold,thepropertytax is chargedseparatelyforeachobjectinaccordancewith the establishedrates. The StateRevenueCommitteerecommends that taxpayersfamiliarize themselves with the changesintaxlegislation in advance and, ifnecessary, seekadvice from thestaterevenueauthorities.

Source : https://www.gov.kz/memleket/entities/kgd-akmola/press/news/details/1045508?lang=kk