New approaches to tax policy discussed in Turkestan

New approaches to tax policy discussed in Turkestan

26.08.2025 18:09:48 126

The Ministry of Finance of the Republic of Kazakhstan is systematically working to clarify the provisions of the new Tax Code, providing entrepreneurs and the public with a full understanding of the upcoming changes. Through meetings with the business community, the agency consistently provides information on innovations, focusing on the practical application of standards and the benefits of reform. As part of this work, a field seminar on the provisions of the new Tax Code of the Republic of Kazakhstan, which will enter into force in 2026, was held today in the Turkestan region together with the Atameken National Chamber of Entrepreneurs.

The event was attended by Deputy Chairman of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan Zhanybek Nurzhanov, as well as employees of the SRC.

According to statistics, the Turkestan region demonstrates stable dynamics of socio-economic development. Thus, the volume of industrial production in January–July 2025 amounted to 852,050.6 million tenge at current prices, which is 12.3% more than in the same period last year. The volume of the gross regional product in January–March 2025 reached 1,053,912.6 million tenge, while the real growth was 9.1%. The share of goods production in the GRP structure was 37.1%, and services – 57.7%.

Of particular importance to entrepreneurs are changes related to the improvement of VAT administration and the transition to differentiated corporate income tax and VAT rates. The improvement of VAT administration is aimed at simplifying procedures, reducing the administrative burden and minimizing disputes between business and the state. This will allow companies to save time and resources by focusing on developing their own businesses.

"The introduction of differentiated corporate income tax and VAT rates implies a more flexible approach that takes into account the specifics of industries and the level of profitability of enterprises. Such a mechanism will make it possible to establish fair tax conditions, support small and medium—sized businesses, and stimulate the development of priority sectors of the economy," said Zhanybek Nurzhanov, Deputy Chairman of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan.

The seminar brought together about 400 entrepreneurs of the region and representatives of the media.
The next seminar will be held on August 27 in Shymkent.

Source : https://www.gov.kz/memleket/entities/minfin/press/news/details/1057142?lang=kk