Kazakhstan to exempt individuals from tax on digital asset income
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Kazakhstan plans to exempt individuals from personal income tax on gains from digital asset transactions, according to a draft law published by the Majilis. The measure aims to stimulate the legal crypto market and bring transactions out of the shadows.
The Draft Law
The Majilis published a draft law proposing to exempt individuals from personal income tax on income from digital asset transactions. The exemption would apply to income from mining, trading, and other operations with digital assets. The draft is open for public discussion until August 1, 2026.
Market Impact
Industry experts estimate that the exemption could increase the volume of declared crypto transactions by 40-60% within the first year. Currently, most digital asset trades in Kazakhstan occur outside the legal framework, with an estimated 80% of transactions unreported. The measure is expected to boost tax revenues in the medium term by expanding the tax base.
What's Next
The draft law will be reviewed by the Majilis Committee on Finance and Budget in September 2026. It remains unclear whether the exemption will be extended to legal entities or remain limited to individuals.
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Kazakhstan to exempt individuals from tax on digital asset income
