The new Tax Code lacks an article similar to Article 239 of the current Tax Code regarding income from the operation of social infrastructure facilities. How will such income be taxed starting from 2026?Answer:The new Tax Code does not contain separate provisions and does not provide for separate tax accounting for income from the operation of social infrastructure facilities; accordingly, the general taxation procedure applies.That is, if there is income from the operation of social infrastructure facilities (even minor), the entire amount of expenses aimed at obtaining such income will be deductible.Is the taxation procedure for non-profit organizations preserved? Can such organizations exempt their income from taxation?Answer:For non-profit organizations (NPOs), two taxation options are provided, which allow for tax exemption.The first option – if an NPO meets two conditions established by the law on NPOs (does not distribute net income and does not have the goal of generating income), then such an NPO, for Corporate Income Tax (CIT) purposes, excludes specific types of income from Total Annual Income, meaning they are not taxed (contributions, donations, income from state social orders, deposit interest, foreign exchange gains, property received free of charge, contributions from Homeowners' Associations and Condominium Associations).The second option – if an NPO meets the definition of an organization operating in the social sphere, then such an NPO reduces the calculated CIT by 100%. Source : https://www.gov.kz/memleket/entities/kgd-zko/press/news/details/1153842?lang=kk

Active work is underway in the Kostanay region in the field of digital development and the implementation of artificial intelligence. At a meeting with the participation of the head of the region, Kumar Aksakalov, key priorities for further steps were outlined, aimed at transitioning from individual digital solutions to comprehensive digital transformation focused on the regional economy, the efficiency of public administration, and the needs of residents.The year 2026, declared by the Head of State as the Year of Digitalization and Artificial Intelligence, is seen as an important stage in the transition to data-driven management and the practical application of AI. The main emphasis is on the digitalization of the real sector of the economy – industry, agriculture, housing and communal services, energy, transport and logistics, as well as the social sphere – healthcare and education. The main goal is to ensure economic growth through the introduction of digital technologies and the transition to a unified regional digital ecosystem.«In 2025, 101 industrial robots were installed at automobile plants, mining and engineering enterprises in the region, and 145 robots are now in operation. Antenna-mast structures have been installed in 44 settlements. About 14 thousand rural residents have gained access to 4G mobile internet. Over the past 3 years, we have managed to provide all 440 schools with high-speed internet. According to the results of the 2025 public monitoring, the Kostanay region took third place, and in the provision of services in electronic form – second place», – noted the akim of the Kostanay region, Kumar Aksakalov.Today, a sustainable IT ecosystem is being formed in the region. About 340 IT companies are already operating in the region. According to the results of 2025, tax revenues from their activities amounted to about 650 million tenge, which is 30% more than the previous year. At the same time, the export of IT services is growing – regional companies are entering foreign markets with their own digital products and solutions.Systematic work on the development of digital infrastructure continues. The provision of rural settlements with quality 4G internet shows a steady positive trend: if in 2022 this figure was 60%, then in 2025 it reached 76%.The digital divide in education has been significantly reduced: if in 2022 only 88 schools (19.4%) had internet with a speed of over 20 Mbps, then in 2025 high-speed internet has been provided to all 440 schools.In collaboration with the A. Baitursynuly Regional University, work on opening the Tomorrow School International School of Artificial Intelligence (France) will be completed within a month.Special attention is paid to the integration of information systems. In 2026, their consolidation and transfer to a single platform with integration into the national big data system is planned. This will create conditions for the broader application of analytics and artificial intelligence in management.In the field of public services, the Kostanay region holds leading positions: first place in online monitoring, second place in the country in the quality of electronic services, and third place in the overall rating based on the results of two studies. The level of public satisfaction remains high. In the future, it is planned to transfer at least 80% of in-demand services to a proactive and mobile format using AI.Digitalization is becoming an important tool for increasing management efficiency, developing the economy, and improving the quality of life of the region's population.Source : https://www.gov.kz/memleket/entities/kostanay/press/news/details/1153871?lang=kk

Kanonerka Secondary School demonstrated excellent results in the game of Togyzkumalak at the regional stage of the National School League.🏆 Among students of grades 9–11 — 1st place🥈 Among students of grades 7–8 — 2nd placeCoach: Daulet Kenesovich Karipov.  Source : https://www.gov.kz/memleket/entities/beskaragay-roo/press/news/details/1153779?lang=kk

On January 30, 2026, a large-scale event was organized in the Beskaragay District as part of the practice-oriented mobile team-building project “The Path to the Heart of the Next Generation.”🔹 The main goal of the project is to create a trust-based, conscious, and safe environment among parents, students, teachers, and community representatives, as well as to strengthen cooperation between family, school, and society.🔹 During the event, team-building activities, trainings, round tables, talk shows, and TEDx-format meetings were held on the following topics:– “Conscious Family,” “The Path to Love,” “Law and Order,”– “Healthy Lifestyle,” “National Values,” “An Honest Citizen,”– “Prevention of Bullying and Cyberbullying,”– mental and reproductive health of adolescents,– the roles of parents, fathers, mothers, grandparents.👥 Participants included parents, students, school psychologists, social educators, healthcare professionals, veterans, representatives of youth organizations, and law enforcement agencies.✨ The mobile team-building initiative is an important step toward building a society that truly cares about the upbringing of future generations.Source : https://www.gov.kz/memleket/entities/beskaragay-roo/press/news/details/1153785?lang=kk

Tax Registration Tax registration is the foundation of legal activity and control by tax authorities.🔹 What is tax registration?It is the formation of the taxpayer database:✔️ individuals✔️ individual entrepreneurs and private practitioners✔️ legal entities (including non-residents)✔️ VAT payers✔️ persons engaged in certain types of activities🔹 How does registration occur?-  based on applications and notifications— according to data from government agencies and banks— with registration and deregistration🔹 Individual Entrepreneurs and Private Practice📌 registration — upon notification of commencement of activity📌 changes — within 10 working days📌 deregistration — in the absence of tax debt🔹 VAT Registration✔️ voluntary✔️ mandatory (upon exceeding the turnover threshold)✔️ conditional — for foreign internet companies🔹 Certain Types of Activities(alcohol, tobacco, fuel, gambling, e-commerce, etc.)— are subject to mandatory tax registration— for each object separately🔍 Monitoring of Tax RegistrationTax authorities monitor compliance with requirements.In case of violations — notification, and in case of non-compliance:⚠️ suspension of accounts⚠️ tax audit⚠️ restriction of access to the internet platform (for non-residents)💡 Timely tax registration — is the key to peaceful work without fines and blocks.#TaxCodeRK #taxregistration #taxesKazakhstan #IE #VAT #businessKZ #accountingSource : https://www.gov.kz/memleket/entities/kgd-zko/press/news/details/1153787?lang=kk

Vice Minister of Finance of the Republic of Kazakhstan Erzhan Birzhanov addressed the opening session of the OECD Eurasia Week.In his remarks, Erzhan Birzhanov emphasized the strategic importance of Kazakhstan’s cooperation with the OECD, highlighting the key role of the Eurasia Competitiveness Programme in promoting economic and institutional reforms in the region.It was noted that the OECD Country Programme for Kazakhstan facilitates the implementation of international standards and best practices in national reforms, ensuring their practical focus and long-term sustainability.The Vice Minister also underlined Kazakhstan’s active and consistent engagement with the OECD. Currently, the country has acceded to 46 OECD legal instruments and participates in the work of 39 OECD committees and bodies.Special attention was given to tax policy matters, including the entry into force of the new Tax Code of the Republic of Kazakhstan as of 1 January 2026 and the country’s participation in the OECD/G20 BEPS initiative.Source : https://www.gov.kz/memleket/entities/minfin/press/news/details/1153788?lang=kk

On January 29, 2026, the district stage of the “Bastau” Mathematics Olympiad for primary school students of grades 2, 3, and 4 was held at the Kairat Ryskulbekov Secondary School.The main purpose of the Olympiad is to increase students’ interest in mathematics, identify and support gifted children, and deepen and expand their knowledge.🔹 A total of 54 students took part in the district stage, demonstrating their knowledge and logical thinking skills.🏆 Based on the results of the competition, the following winners were determined.Kazakh-language classes:🥇 1st place — “Secondary School No. 1”🥈 2nd place — “Ondiris Secondary School”🥉 3rd place — “Koyanbai Secondary School”Russian-language classes:🥇 1st place — “Glukhovka Secondary School”🥈 2nd place — “Kairat Ryskulbekov Secondary School”, “Kanonerka Secondary School”🥉 3rd place — “N. Baimuratov Secondary School”, “Kara-Myrza Basic School”Source : https://www.gov.kz/memleket/entities/beskaragay-roo/press/news/details/1153792?lang=kk

A working meeting dedicated to summarizing the results of the 2025 autumn conscription campaign was held at the Main Command of the National Guard under the chairmanship of Deputy Minister of Internal Affairs of the Republic of Kazakhstan — Commander-in-Chief of the National Guard, Major General Ansagan Baltabekov.The meeting was attended by Deputy Commanders-in-Chief of the National Guard, officers of the Main Command, as well as representatives of the Ministry of Defense of the Republic of Kazakhstan, the Military Investigation Department, and the Committee of Administrative Police of the Ministry of Internal Affairs.During the meeting, reports were heard on key aspects of conscription organization, including issues related to medical support for citizens of conscription age, which directly affect conscription outcomes.In their remarks, representatives of government agencies presented specific recommendations aimed at improving the quality and effectiveness of the 2026 conscription campaign.As a result of the meeting, practical proposals were developed and priority measures were identified to further enhance conscription activities. The implementation of the outlined tasks will continue on a systematic basis, ensuring interagency cooperation and subsequent oversight. Press Service of the National GuardMinistry of Internal Affairs of the Republic of KazakhstanSource : https://www.gov.kz/memleket/entities/kvv/press/news/details/1153799?lang=kk

According to the results of 2025, residents of Kazakhstan are increasingly using the opportunity to obtain public services independently in digital format, the State Corporation “Government for Citizens” reported. The analysis showed that the number of requests processed through self-service zones increased by more than 6.6 million over the year, reaching approximately 14.8 million, compared to about 8.2 million in 2024.In terms of the number of requests via self-service zones, the city of Almaty leads the way, with more than 2.3 million services provided during the year. It is followed by Almaty Region with over 1 million services, and Turkistan Region with around 1 million.The five most in-demand services in the self-service sector were: obtaining an electronic digital signature (EDS), issuance of archival certificates, registration at the place of residence, certificates of criminal record (or absence thereof), as well as certificates on the presence or absence of real estate.“Everything we do is aimed at citizens’ convenience: everyone should have equal access and the freedom to choose the most comfortable way to receive services. For some, these are mobile applications, the e-government portal, or online platforms; others prefer banking applications, while some choose to receive services at Public Service Centers (PSCs). Our priority is the convenience and comfort of service recipients,” said Arman Kenzhegaliev, Chairman of the Board of the State Corporation.It should be noted that in 2025, more than 13 million services were provided through PSC operators, while in 2024 this figure exceeded 15 million. The leaders in terms of the volume of public services delivered through front offices remain the cities of Almaty, Astana, and Shymkent. According to survey results, the level of satisfaction with the quality of public service delivery nationwide exceeds 95 percent.Source : https://www.gov.kz/memleket/entities/akimat-beyneu/press/news/details/1154074?lang=kk

Source : https://www.gov.kz/memleket/entities/maslihat-mendikara/press/news/details/1153710?lang=kk

As of January 1, 2026, Kazakhstani pension savings exceeded KZT25.97 trillion, representing a 12-month increase of KZT3.18 trillion, or 13.9%.Pension savings from compulsory pension contributions (CPC) as of January 1, 2026, totaled KZT24.48 trillion, an increase of 11.9% over the 12 months.Pension savings from compulsory occupational pension contributions (COPC) totaled KZT726.58 billion, an increase of 11.1% over the 12 months.Voluntary pension contributions (VPC) demonstrated the highest annual increase, up 22.6%, reaching KZT9.73 billion as of January 1, 2026.As of January 1, 2026, the amount of pension savings from employer’s compulsory pension contributions (ECPC), received from January 1, 2024, into the pension accounts of contributors (beneficiaries), amounted to KZT760.15 billion.IncomingThe increase in savings is driven by pension contributions and investment income. Over the year, KZT3,251.67 billion in contributions were received into individual and conditional pension savings accounts, representing a 16.6% (or KZT462.28 billion) increase compared to the same period last year.Individual pension savings  accounts (IPSAs) for the CPC have received KZT2,659.56 billion since the beginning of  2025 as of January 1, 2026 (an 8.9% increase compared to the same period last year), KZT133.37 billion for the COPC (an increase of 17.4%), and KZT2.32 billion for the VPC. Contributions from the ECPC for the year totaled KZT456.42 billion.Pension benefits and transfersPension benefits for all types of contributions and transfers to insurance organizations from the UAPF for 2025 totaled KZT2,051.05 billion, exceeding the previous year's benefit payment volume by 54.9%, or KZT727.20 billion.Old-age benefits as of January 1, 2026, increased by 24.4% year-on-year to KZT254.13 billion. The average monthly scheduled payment from the UAPF upon reaching retirement age was 35,970 tenge.Lump-sum pension benefit payments (LSPBPs) for housing improvements and medical treatment for 2025 amounted to KZT1,254.57 billion, inheritance payments – KZT58.15 billion, payments related to leaving Kazakhstan for permanent residence – KZT43.75 billion, payments to persons with disabilities – KZT3.10 billion, and funeral payments – KZT10.46 billion. A total of KZT426.89 billion was transferred to insurance companies. Number of IPSAThe total number of pension accounts in the UAPF as of January 1, 2026, was 18.24 million (an increase of 1.06 million or 6.2% over the 12 months). The number of individual pension savings accounts of contributors (beneficiaries) in the UAPF as of January 1, 2026, was 12.72 million, of which 11.30 million were for CPC, 764.1 thousand were for COPC, and 466.3 thousand were forVPC. It should be noted that the total number of accounts for recording the compulsory pension contributions (11.30 million units) includes accounts of beneficiaries who have permanently resided outside the country but have not applied for their savings, deceased contributors whose heirs have not formalized the inheritance of their pension savings, military personnel who transferred to full state pension provision in 2017, and other categories of contributors (beneficiaries) whose accounts, in accordance with Kazakhstani law, should not receive contributions.We also clarify that, in accordance with international practice, an individual pension savings account is considered active if at least one contribution is received during the calendar year. At the end of the reporting period, the actual share of active individual pension accounts for the compulsory pension contribution (IPSA) was 71.29% (7.21 million accounts) of the total 10.11 million IPSA accounts to which contributions could be made, including accounts opened before January 1, 2025, and new accounts opened in 2025. The number of notional pension accounts in the UAPF, which record information on received ECPC, totaled 5.51 million. All up-to-date information on pension asset statistics is available on the enpf.kz website in the "Statistics and Analytics" section.    UAPF was founded on August 22, 2013 on the basis of GNPF APF JSC. The founder and shareholder of the UAPF is the Government of the Republic of Kazakhstan represented by the State Institution Committee of State Property and Privatization of the Ministry of Finance of the Republic of Kazakhstan. Trust management of UAPF pension assets is carried out by the National Bank of the Republic of Kazakhstan. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, employer’s compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, as well as carries out enrollment and accounting of voluntary pension contributions formed at the expense of the unclaimed amount of guaranteed compensation for the guaranteed deposit, transferred by the organization carrying out mandatory guarantee of deposits, in accordance with the Law of the Republic of Kazakhstan "On mandatory guarantee of deposits placed in second-tier banks of the Republic of Kazakhstan", ensures the implementation of pension benefits. The Fund also carries out accounting of target assets and target requirements, accounting and crediting of target savings (TS) to target savings accounts, payments of TS to their recipients in bank accounts, accounting for returns of TS in the manner determined by the Government of the Republic of Kazakhstan within the framework of the National Fund for Children program (More details at www.enpf.kz)Source : https://www.gov.kz/memleket/entities/abay-kokpekti/press/news/details/1153884?lang=kk

2026 - Конституциялық реформаSource : https://www.gov.kz/memleket/entities/zhetysu-digital/press/news/details/1153719?lang=kk

The website enpf.kz presents a report on the trust management of pension assets by the National Bank of the Republic of Kazakhstan and Investment Portfolio Managers (IPMs) as of January 1, 2026. UAPF JSC (hereinafter referred to as UAPF) presents a report on pension asset management by the National Bank of the Republic of Kazakhstan (hereinafter referred to as NBRK) and investment portfolio managers (hereinafter referred to as IPMs) on the enpf.kz website in the "Statistics and Analytics - Pension Asset Investment Management" section. The total volume of pension assets managed by the NBRK and IPMs as of January 1, 2026, amounted to KZT25,948.09 billion. As of this date, UAPF's pension assets held under trust management by the NBRK, formed through compulsory pension contributions (CPCs), compulsory occupational pension contributions (COPCs), and voluntary pension contributions (VPCs), amounted to approximately KZT25,103.96 billion[1]. The volume of pension assets formed through employer’s compulsory pension contributions (ECPCs) held in trust by the National Bank of the Republic of Kazakhstan is 755.58 billion tenge.Pension assets under IPM management amounted to over KZT88.55 billion.  Investment portfolio of pension assets managed by the National Bank of the Republic of Kazakhstan The National Bank, as the trustee of the UAPF pension assets, pursues a balanced investment policy: investing in various types of financial instruments by currency, country, sector, and issuer.The main areas of investment of pension assets formed through CPC, COPC, and VPC, as of January 1, 2026, are as follows: government securities of the Ministry of Finance of the Republic of Kazakhstan - 43.51%, bonds of quasi-public companies - 9.45%, deposits of the National Bank of the Republic of Kazakhstan - 4.45%, bonds of second-tier banks of the Republic of Kazakhstan - 2.48%, government securities of foreign countries - 2.12%, shares and depositary receipts of issuers of the Republic of Kazakhstan - 1.93%, microfinance organizations - 1.24%.The investment portfolio, broken down by currencies in which financial instruments acquired through CPC, COPC, and VPC are denominated, as of January 1, 2026, is as follows: investments in national currency account for 59.04%, while investments in US dollars account for 40.96% of the pension asset portfolio.An analysis of the income structure shows that interest income on securities, including deposits and reverse repo transactions, amounted to KZT1,981.23 billion, income from assets under external management, including those adjusted for exchange rate revaluation, amounted to KZT451.35 billion, and other income amounted to KZT6.14 billion. The market revaluation of securities and foreign currency, excluding assets under external management, was negative.As a result of investment activities, as well as due to the volatility of foreign exchange rates and changes in the market value of financial instruments, the amount of accrued investment income for 2025 amounted to KZT1.77 trillion, the return on UAPF pension assets distributed to the accounts of contributors (beneficiaries) for 2025 amounted to 7.43%.. The ECPC's investment portfolio as of January 1, 2026, is as follows: government securities of the Ministry of Finance of the Republic of Kazakhstan – 89.96%, deposits of the National Bank of the Republic of Kazakhstan – 7.26%, repo transactions – 2.77%, and cash in investment accounts – 0.01%.The ECPC's investment portfolio includes only financial instruments denominated in the national currency. Interest income on securities, including deposits and reverse repo transactions, amounted to KZT67.47 billion. The market revaluation of securities was negative.The accrued investment income for the ECPC for 2025 amounted to KZT45.35 billion, with a return of 5.11% for the period.As a reminder, pension savings are long-term investments. Therefore, it is advisable to analyze investment income over a period of at least one year. In certain periods, a decrease in returns may be observed due to foreign exchange rate volatility, changes in the market value of financial instruments, and the impact of inflation. Diversifying an investment portfolio, whereby income from some instruments offsets temporary losses from others, ensures the safety and sustainable return of pension savings over the long term. For example, investment income has shown stable growth over the past three years, and the return on pension assets exceeds the inflation rate.A detailed breakdown of the investment portfolio of financial instruments managed by the National Bank of the Republic of Kazakhstan, including issuers, and an overview of investment activities are available on the official UAPF website. Information on the portfolio structure of pension assets formed through the ECPC is also available on the enpf.kz website. Investment portfolio managers The total volume of pension assets under IPM management exceeds KZT88.55 billion.As of January 1, 2026, pension assets under the trust management of Alatau City Invest JSC amounted to KZT14.93 billion.The company's main investments: Exchange Traded Funds (ETF) units – 26.23%, government securities of the Ministry of Finance of the Republic of Kazakhstan – 15.62%, bonds of second-tier banks of the Republic of Kazakhstan – 13.89%, corporate bonds of issuers of the Republic of Kazakhstan – 10.56%, bonds of quasi-public companies of the Republic of Kazakhstan – 10.39%, repo – 6.75%, corporate bonds of foreign issuers – 5.55%, microfinance organizations – 4.89%, government securities of foreign governments – 2.25%. It should be noted that 67.08% of the portfolio is held in tenge, 31.74% in US dollars, and 1.17% in other currencies.The return on UAPF pension assets for 2025, distributed to contributors (beneficiaries), was 11.22%.A detailed breakdown of the investment portfolio of financial instruments managed by Alatau City Invest JSC, including issuers, is available on the UAPF website. As of January 1, 2026, pension assets under trust management by Halyk Global Markets JSC amounted to KZT8.14 billion.The main investments in the portfolio structure are as follows: bonds of international financial institutions – 20.71%, reverse repos (up to 90 calendar days) – 18.02%, bonds of second-tier banks of the Republic of Kazakhstan – 14.58%, government securities of the Ministry of Finance of the Republic of Kazakhstan – 14.56%, bonds of quasi-public companies of the Republic of Kazakhstan – 10.17%, equity instruments of foreign issuers (ETF units) – 7.92%, shares and depositary receipts issued by organizations of the Republic of Kazakhstan – 4.93%, corporate bonds of organizations of the Republic of Kazakhstan – 4.12%.Investments in national currency accounted for 62.66% of the portfolio, in US dollars – 37.34%.The return on UAPF pension assets for 2025, distributed among contributors (beneficiaries) accounts, amounted to 9.45%.A detailed structure of the investment portfolio of financial instruments managed by JSC Halyk Global Markets, including issuers, is available on the UAPF website. As of January 1, 2026, UAPF pension assets held in trust by BCC Invest JSC amounted to KZT10.65 billion.Main investment areas: bonds of Kazakhstan's second-tier banks – 25.31%, government securities of the Ministry of Finance of the Republic of Kazakhstan – 19.41%, bonds of quasi-public companies of Kazakhstan – 16.55%, corporate bonds of Kazakhstan resident issuers – 12.03%, government securities of foreign governments – 9.36%, corporate bonds of foreign issuers – 8.24%, and repo – 5.94%.Investments in national currency accounted for 65.43% of the portfolio, while those in US dollars accounted for 34.57%.The return on UAPF pension assets for 2025, distributed to contributor (beneficiary) accounts, was 9.93%.A detailed breakdown of the investment portfolio of financial instruments managed by BCC Invest JSC, including issuers, is available on the UAPF website. As of January 1, 2026, UAPF pension assets held in trust by Centras Securities JSC amounted to KZT4.44 billion.25.59% are invested in bonds of quasi-public companies of Kazakhstan, 20.97% in repos, 13.85% in bonds of second-tier banks of Kazakhstan, 12.78% in corporate bonds of issuers of Kazakhstan, 11.64% in government securities of the Ministry of Finance of Kazakhstan, 5.78% in US government bonds, 3.23% in shares and depositary receipts of issuers resident in Kazakhstan, and 2.56% in shares and depositary receipts of foreign issuers.Investments in national currency accounted for 71.64% of the portfolio, while those in US dollars accounted for 28.36%.The return on UAPF pension assets for 2025, distributed among contributors (beneficiaries), was 14.66%.A detailed breakdown of the investment portfolio of financial instruments managed by Centras Securities JSC, including issuers, is available on the UAPF website. As of January 1, 2026, pension assets under trust management by Halyk Finance, a subsidiary of Halyk Bank of Kazakhstan, amounted to KZT50.39 billion.The main investments in the portfolio structure are as follows: government securities of the Ministry of Finance of the Republic of Kazakhstan – 18.89%, reverse repo (up to 90 calendar days) – 15.03%, bonds of second-tier banks of the Republic of Kazakhstan – 14.75%, microfinance organizations – 13.15%, corporate bonds of foreign issuers – 6.98%, corporate bonds of issuers of the Republic of Kazakhstan – 5.90%, bonds of quasi-public companies of the Republic of Kazakhstan – 5.44%, units of Exchange Traded Funds (ETF) – 4.90%, shares and depositary receipts of foreign issuers – 8.21%, shares and depositary receipts of issuers of the Republic of Kazakhstan – 2.37%.60.40% of the portfolio is invested in instruments in national currency, 39.60% in US dollars. The return on UAPF pension assets distributed to contributor (beneficiary) accounts for 2025 was 8.32%.A detailed breakdown of the investment portfolio of financial instruments managed by Halyk Finance Subsidiary of Halyk Bank of Kazakhstan JSC, including issuers, is available on the UAPF website. As a reminder, starting July 1, 2023, contributors may transfer up to 50% of their pension savings through compulsory pension contributions (CPCs) and compulsory occupational pension contributions (COPCs), regardless of the minimum adequacy threshold, to an investment portfolio manager (IPM), choosing such a company independently. Contributors with voluntary pension savings may transfer 100% of them to an IPM.     UAPF was founded on August 22, 2013 on the basis of GNPF APF JSC. The founder and shareholder of the UAPF is the Government of the Republic of Kazakhstan represented by the State Institution Committee of State Property and Privatization of the Ministry of Finance of the Republic of Kazakhstan. Trust management of UAPF pension assets is carried out by the National Bank of the Republic of Kazakhstan. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, employer’s compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, as well as carries out enrollment and accounting of voluntary pension contributions formed at the expense of the unclaimed amount of guaranteed compensation for the guaranteed deposit, transferred by the organization carrying out mandatory guarantee of deposits, in accordance with the Law of the Republic of Kazakhstan "On mandatory guarantee of deposits placed in second-tier banks of the Republic of Kazakhstan", ensures the implementation of pension benefits. The Fund also carries out accounting of target assets and target requirements, accounting and crediting of target savings (TS) to target savings accounts, payments of TS to their recipients in bank accounts, accounting for returns of TS in the manner determined by the Government of the Republic of Kazakhstan within the framework of the National Fund for Children program (More details at www.enpf.kz) [1] Less money in pension contribution and pension benefits payment accountsSource : https://www.gov.kz/memleket/entities/abay-kokpekti/press/news/details/1153895?lang=kk

Stockholm, 2 February 2026. A meeting was held between the Ambassador of the Republic of Kazakhstan to the Kingdom of Sweden, Olzhas Suleimenov, and the Director of the Department for Eastern Europe and Central Asia of the Swedish Ministry for Foreign Affairs, Tobias Thyberg.During the meeting, the sides held a comprehensive exchange of views on bilateral cooperation and current issues in Kazakh-Swedish relations, and confirmed their mutual interest in further strengthening broad-based cooperation.Source : https://www.gov.kz/memleket/entities/mfa-stockholm/press/news/details/1153739?lang=kk

Ulaanbaatar, February 2, 2026 – Ambassador of Kazakhstan to Mongolia Almas Seitakynov held talks with Deputy Minister of Foreign Affairs of Mongolia Gombosuren Amartuvshin.During the meeting, the two sides discussed a broad range of issues in bilateral co-operation, including the further development of trade and economic ties and investment, as well as the strengthening of cultural and humanitarian links. They also reviewed opportunities to expand tourism exchanges, deepen co-operation in education, and advance other promising areas of partnership.In the context of further deepening the strategic partnership between Kazakhstan and Mongolia, the interlocutors exchanged views on the timetable for upcoming reciprocal visits and events planned for implementation this year.Both parties reaffirmed their mutual interest in stepping up the implementation of agreements reached at the highest and high levels, further expanding mutually beneficial economic co-operation, and maintaining close working contacts.Source : https://www.gov.kz/memleket/entities/mfa-ulaanbaatar/press/news/details/1153748?lang=kk

Representation in Tax Relations (Tax Code of the RK)A taxpayer has the right to interact with tax authorities personally or through a representative 🤝👤 Types of representatives:🔹 Legal representative — acts on the basis of the law (parents, guardians, etc.)🔹 Authorized representative — acts by power of attorney (accountant, lawyer, other person)📄 Important to know:✔️ personal participation does not cancel the right to have a representative✔️ a representative can also be appointed in electronic format through the tax authorities' systems✔️ all actions of the representative = actions of the taxpayer themselves⛏ Special caseIn subsoil use within a consortium, interests can be represented by an operator, who acts on behalf of the participants and bears tax obligations.💡 Representation is a legal tool for convenient and effective tax administration.Source : https://www.gov.kz/memleket/entities/kgd-zko/press/news/details/1153753?lang=kk

Today, by order of the Minister of Education Zh. Suleimenova, the Y. Altynsarin National Academy of Education is launching the Sirius Talents Summit for Future Schools, which will be held in Almaty from January 17 to 19, 2026.The summit is aimed at developing students’ research and project-based competencies in areas such as artificial intelligence and data processing systems, intelligent transport and logistics systems, including space, maritime and unmanned technologies, personalized medicine and biotechnology, medical robotics, agro-industrial and biotechnologies, intelligent manufacturing technologies, automated systems, and security.Winners of the regional scientific project competition among students of grades 8–11 from the KSU “Secondary School No. 1” are taking part in the event. They are a 10th-grade student, Meirkhanov Amir, and his supervisor, computer science teacher Erkinbayeva Nurzhanat Amangeldievna.We are confident that the Sirius Talents Summit for Future Schools will provide a strong impetus for fostering and enhancing the interest of our teachers and students in research activities.Source : https://www.gov.kz/memleket/entities/beskaragay-roo/press/news/details/1153767?lang=kk

At the regional stage of the expressive reading contest among students of grades 7–8, titled “Abai and Pushkin on Love and Life: Poetry that Unites Peoples,” Sofia Posypaiko, a student of the Dolon Basic School, won second place.We sincerely congratulate our young talents on their achievement!May their success on the path of art continue!Source : https://www.gov.kz/memleket/entities/beskaragay-roo/press/news/details/1153772?lang=kk

Based on the National Bank of the Republic of Kazakhstan's (NBRK) pension asset management investment performance, accrued investment income for 2025 amounted to KZT1.77 trillion. Given exchange rate volatility and fluctuations in the market value of financial instruments, the return on pension assets distributed to contributors' (beneficiaries') accounts at the end of 2025 was 7.43%.It is important to note that the return on pension assets for individual short-term periods is not an indicator of the effectiveness of their long-term management (for example, in 2024, the investment return on pension assets was 17.96%), due to the volatility of the market value of financial instruments, exchange rates, and other indicators from period to period. Therefore, an objective analysis of investment income is advisable over a longer period.                                  One of the key factors influencing the 2025 return level was the negative exchange rate revaluation caused by the strengthening of the tenge against the US dollar. The share of investments in financial instruments denominated in foreign currencies in the pension asset structure amounted to 41%.The 2025 return rate in Kazakhstan is comparable to global returns. According to the international analytical agency Willis Towers Watson[1], the nominal returns of the largest pension markets for the 12 months ending October 1, 2025, were as follows: Eurozone – 4.7%, UK – (-4.1%), Switzerland – 3.4%, Canada – 9.2%, US – 10.9%, Japan – 3.3%. In the medium and long term, a positive real return (exceeding cumulative inflation) on pension savings is ensured. Thus, the accumulated investment return since the inception of the funded pension system in 1998 as of January 1, 2026, cumulatively, was 1,060.17%, with inflation for the entire period at 941.90%.As of January 1, 2026, net investment income accumulated since 2014 (following the consolidation of pension assets into the UAPF) amounted to KZT10.43 trillion. Taking into account payments made, its share of the total pension savings of contributors (beneficiaries) is 41.4%, demonstrating the significant role of investment activity in the structure of citizens' savings. It should also be noted that contributors have the right to transfer a portion of their pension assets (up to 50% of pension savings through compulsory pension contributions and up to 100% of pension savings through voluntary pension contributions) to a private investment portfolio manager (IPM) that meets the regulator's requirements. Compared to the more conservative management of the National Bank of the Republic of Kazakhstan, which is aimed at preserving pension assets and ensuring their positive long-term returns, the IPM's investment declarations and regulatory requirements provide for broader investment opportunities for IPMs to increase the return on pension assets (although the risks associated with IPMs are also higher). As a reminder, Kazakhstan has a unique guarantee for the safety of compulsory pension contributions and compulsory occupational pension contributions managed by the National Bank of the Republic of Kazakhstan, taking into account the inflation rate. In the event of a decrease in returns in a particular period, affecting the contributor's accumulated returns upon the entitlement to payments, compensation for the difference is guaranteed by the state.The entire investment management and pension asset accounting system is transparent: each investor can view their investment income in their personal account on the enpf.kz website or in the mobile app.Information on the investment management of UAPF pension assets and the financial instruments in which UAPF pension assets are invested is published on the official UAPF website (www.enpf.kz) in the "Statistics and Analytics/Investment Management of Pension Assets" section.    UAPF was founded on August 22, 2013 on the basis of GNPF APF JSC. The founder and shareholder of the UAPF is the Government of the Republic of Kazakhstan represented by the State Institution Committee of State Property and Privatization of the Ministry of Finance of the Republic of Kazakhstan. Trust management of UAPF pension assets is carried out by the National Bank of the Republic of Kazakhstan. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, employer’s compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, as well as carries out enrollment and accounting of voluntary pension contributions formed at the expense of the unclaimed amount of guaranteed compensation for the guaranteed deposit, transferred by the organization carrying out mandatory guarantee of deposits, in accordance with the Law of the Republic of Kazakhstan "On mandatory guarantee of deposits placed in second-tier banks of the Republic of Kazakhstan", ensures the implementation of pension benefits. The Fund also carries out accounting of target assets and target requirements, accounting and crediting of target savings (TS) to target savings accounts, payments of TS to their recipients in bank accounts, accounting for returns of TS in the manner determined by the Government of the Republic of Kazakhstan within the framework of the National Fund for Children program (More details at www.enpf.kz)   [1] Global Pension Finance Watch – 3rd quarter 2025, WTWSource : https://www.gov.kz/memleket/entities/kostanai-mendykarin-audany-akimat/press/news/details/1153680?lang=kk

The website enpf.kz presents a report on the trust management of pension assets by the National Bank of the Republic of Kazakhstan and Investment Portfolio Managers (IPMs) as of January 1, 2026. UAPF JSC (hereinafter referred to as UAPF) presents a report on pension asset management by the National Bank of the Republic of Kazakhstan (hereinafter referred to as NBRK) and investment portfolio managers (hereinafter referred to as IPMs) on the enpf.kz website in the "Statistics and Analytics - Pension Asset Investment Management" section. The total volume of pension assets managed by the NBRK and IPMs as of January 1, 2026, amounted to KZT25,948.09 billion. As of this date, UAPF's pension assets held under trust management by the NBRK, formed through compulsory pension contributions (CPCs), compulsory occupational pension contributions (COPCs), and voluntary pension contributions (VPCs), amounted to approximately KZT25,103.96 billion[1]. The volume of pension assets formed through employer’s compulsory pension contributions (ECPCs) held in trust by the National Bank of the Republic of Kazakhstan is 755.58 billion tenge.Pension assets under IPM management amounted to over KZT88.55 billion.  Investment portfolio of pension assets managed by the National Bank of the Republic of Kazakhstan The National Bank, as the trustee of the UAPF pension assets, pursues a balanced investment policy: investing in various types of financial instruments by currency, country, sector, and issuer.The main areas of investment of pension assets formed through CPC, COPC, and VPC, as of January 1, 2026, are as follows: government securities of the Ministry of Finance of the Republic of Kazakhstan - 43.51%, bonds of quasi-public companies - 9.45%, deposits of the National Bank of the Republic of Kazakhstan - 4.45%, bonds of second-tier banks of the Republic of Kazakhstan - 2.48%, government securities of foreign countries - 2.12%, shares and depositary receipts of issuers of the Republic of Kazakhstan - 1.93%, microfinance organizations - 1.24%.The investment portfolio, broken down by currencies in which financial instruments acquired through CPC, COPC, and VPC are denominated, as of January 1, 2026, is as follows: investments in national currency account for 59.04%, while investments in US dollars account for 40.96% of the pension asset portfolio.An analysis of the income structure shows that interest income on securities, including deposits and reverse repo transactions, amounted to KZT1,981.23 billion, income from assets under external management, including those adjusted for exchange rate revaluation, amounted to KZT451.35 billion, and other income amounted to KZT6.14 billion. The market revaluation of securities and foreign currency, excluding assets under external management, was negative.As a result of investment activities, as well as due to the volatility of foreign exchange rates and changes in the market value of financial instruments, the amount of accrued investment income for 2025 amounted to KZT1.77 trillion, the return on UAPF pension assets distributed to the accounts of contributors (beneficiaries) for 2025 amounted to 7.43%.. The ECPC's investment portfolio as of January 1, 2026, is as follows: government securities of the Ministry of Finance of the Republic of Kazakhstan – 89.96%, deposits of the National Bank of the Republic of Kazakhstan – 7.26%, repo transactions – 2.77%, and cash in investment accounts – 0.01%.The ECPC's investment portfolio includes only financial instruments denominated in the national currency. Interest income on securities, including deposits and reverse repo transactions, amounted to KZT67.47 billion. The market revaluation of securities was negative.The accrued investment income for the ECPC for 2025 amounted to KZT45.35 billion, with a return of 5.11% for the period.As a reminder, pension savings are long-term investments. Therefore, it is advisable to analyze investment income over a period of at least one year. In certain periods, a decrease in returns may be observed due to foreign exchange rate volatility, changes in the market value of financial instruments, and the impact of inflation. Diversifying an investment portfolio, whereby income from some instruments offsets temporary losses from others, ensures the safety and sustainable return of pension savings over the long term. For example, investment income has shown stable growth over the past three years, and the return on pension assets exceeds the inflation rate.A detailed breakdown of the investment portfolio of financial instruments managed by the National Bank of the Republic of Kazakhstan, including issuers, and an overview of investment activities are available on the official UAPF website. Information on the portfolio structure of pension assets formed through the ECPC is also available on the enpf.kz website. Investment portfolio managers The total volume of pension assets under IPM management exceeds KZT88.55 billion.As of January 1, 2026, pension assets under the trust management of Alatau City Invest JSC amounted to KZT14.93 billion.The company's main investments: Exchange Traded Funds (ETF) units – 26.23%, government securities of the Ministry of Finance of the Republic of Kazakhstan – 15.62%, bonds of second-tier banks of the Republic of Kazakhstan – 13.89%, corporate bonds of issuers of the Republic of Kazakhstan – 10.56%, bonds of quasi-public companies of the Republic of Kazakhstan – 10.39%, repo – 6.75%, corporate bonds of foreign issuers – 5.55%, microfinance organizations – 4.89%, government securities of foreign governments – 2.25%. It should be noted that 67.08% of the portfolio is held in tenge, 31.74% in US dollars, and 1.17% in other currencies.The return on UAPF pension assets for 2025, distributed to contributors (beneficiaries), was 11.22%.A detailed breakdown of the investment portfolio of financial instruments managed by Alatau City Invest JSC, including issuers, is available on the UAPF website. As of January 1, 2026, pension assets under trust management by Halyk Global Markets JSC amounted to KZT8.14 billion.The main investments in the portfolio structure are as follows: bonds of international financial institutions – 20.71%, reverse repos (up to 90 calendar days) – 18.02%, bonds of second-tier banks of the Republic of Kazakhstan – 14.58%, government securities of the Ministry of Finance of the Republic of Kazakhstan – 14.56%, bonds of quasi-public companies of the Republic of Kazakhstan – 10.17%, equity instruments of foreign issuers (ETF units) – 7.92%, shares and depositary receipts issued by organizations of the Republic of Kazakhstan – 4.93%, corporate bonds of organizations of the Republic of Kazakhstan – 4.12%.Investments in national currency accounted for 62.66% of the portfolio, in US dollars – 37.34%.The return on UAPF pension assets for 2025, distributed among contributors (beneficiaries) accounts, amounted to 9.45%.A detailed structure of the investment portfolio of financial instruments managed by JSC Halyk Global Markets, including issuers, is available on the UAPF website. As of January 1, 2026, UAPF pension assets held in trust by BCC Invest JSC amounted to KZT10.65 billion.Main investment areas: bonds of Kazakhstan's second-tier banks – 25.31%, government securities of the Ministry of Finance of the Republic of Kazakhstan – 19.41%, bonds of quasi-public companies of Kazakhstan – 16.55%, corporate bonds of Kazakhstan resident issuers – 12.03%, government securities of foreign governments – 9.36%, corporate bonds of foreign issuers – 8.24%, and repo – 5.94%.Investments in national currency accounted for 65.43% of the portfolio, while those in US dollars accounted for 34.57%.The return on UAPF pension assets for 2025, distributed to contributor (beneficiary) accounts, was 9.93%.A detailed breakdown of the investment portfolio of financial instruments managed by BCC Invest JSC, including issuers, is available on the UAPF website. As of January 1, 2026, UAPF pension assets held in trust by Centras Securities JSC amounted to KZT4.44 billion.25.59% are invested in bonds of quasi-public companies of Kazakhstan, 20.97% in repos, 13.85% in bonds of second-tier banks of Kazakhstan, 12.78% in corporate bonds of issuers of Kazakhstan, 11.64% in government securities of the Ministry of Finance of Kazakhstan, 5.78% in US government bonds, 3.23% in shares and depositary receipts of issuers resident in Kazakhstan, and 2.56% in shares and depositary receipts of foreign issuers.Investments in national currency accounted for 71.64% of the portfolio, while those in US dollars accounted for 28.36%.The return on UAPF pension assets for 2025, distributed among contributors (beneficiaries), was 14.66%.A detailed breakdown of the investment portfolio of financial instruments managed by Centras Securities JSC, including issuers, is available on the UAPF website.As of January 1, 2026, pension assets under trust management by Halyk Finance, a subsidiary of Halyk Bank of Kazakhstan, amounted to KZT50.39 billion.The main investments in the portfolio structure are as follows: government securities of the Ministry of Finance of the Republic of Kazakhstan – 18.89%, reverse repo (up to 90 calendar days) – 15.03%, bonds of second-tier banks of the Republic of Kazakhstan – 14.75%, microfinance organizations – 13.15%, corporate bonds of foreign issuers – 6.98%, corporate bonds of issuers of the Republic of Kazakhstan – 5.90%, bonds of quasi-public companies of the Republic of Kazakhstan – 5.44%, units of Exchange Traded Funds (ETF) – 4.90%, shares and depositary receipts of foreign issuers – 8.21%, shares and depositary receipts of issuers of the Republic of Kazakhstan – 2.37%.60.40% of the portfolio is invested in instruments in national currency, 39.60% in US dollars. The return on UAPF pension assets distributed to contributor (beneficiary) accounts for 2025 was 8.32%.A detailed breakdown of the investment portfolio of financial instruments managed by Halyk Finance Subsidiary of Halyk Bank of Kazakhstan JSC, including issuers, is available on the UAPF website. As a reminder, starting July 1, 2023, contributors may transfer up to 50% of their pension savings through compulsory pension contributions (CPCs) and compulsory occupational pension contributions (COPCs), regardless of the minimum adequacy threshold, to an investment portfolio manager (IPM), choosing such a company independently. Contributors with voluntary pension savings may transfer 100% of them to an IPM.     UAPF was founded on August 22, 2013 on the basis of GNPF APF JSC. The founder and shareholder of the UAPF is the Government of the Republic of Kazakhstan represented by the State Institution Committee of State Property and Privatization of the Ministry of Finance of the Republic of Kazakhstan. Trust management of UAPF pension assets is carried out by the National Bank of the Republic of Kazakhstan. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, employer’s compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, as well as carries out enrollment and accounting of voluntary pension contributions formed at the expense of the unclaimed amount of guaranteed compensation for the guaranteed deposit, transferred by the organization carrying out mandatory guarantee of deposits, in accordance with the Law of the Republic of Kazakhstan "On mandatory guarantee of deposits placed in second-tier banks of the Republic of Kazakhstan", ensures the implementation of pension benefits. The Fund also carries out accounting of target assets and target requirements, accounting and crediting of target savings (TS) to target savings accounts, payments of TS to their recipients in bank accounts, accounting for returns of TS in the manner determined by the Government of the Republic of Kazakhstan within the framework of the National Fund for Children program (More details at www.enpf.kz)   [1] Less money in pension contribution and pension benefits payment accountsSource : https://www.gov.kz/memleket/entities/kostanai-mendykarin-audany-akimat/press/news/details/1153693?lang=kk