Luxury Tax: Clarification
The new Tax Code of the Republic of Kazakhstan does not provide for a separate "luxury tax".
At the same time, taxation standards have been established for certain categories of property of individuals.:
cars with a purchase price of 18,000 MCI and above – an excise tax of 10% of the cost;
yachts and airplanes with a purchase price of 24,000 MCI and above – 10% excise tax on the cost;
alcoholic beverages worth over 500,000 tenge – excise tax of 10% of the cost per liter;
tobacco products (cigars) the cost of over 10,000 tenge is an excise tax of 10% of the cost per unit.;
immovable property with a total value exceeding 450 million tenge is subject to property tax of 2% of the total value.
If the total value of one owner's property exceeds 450 million tenge, the tax is calculated at the rate of 2% of the total value (the tax amount is 2,946,600 tenge + 2% of the excess value).
Property with an aggregate value below the specified threshold is taxed separately for each object.
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Source : https://www.gov.kz/memleket/entities/kgd-kostanay/press/news/details/1065956?lang=kk