Topic
Taxation
Taxes will have to rise: the budget deficit is KZT 10 trillion, two thirds of all revenue, and spending cuts alone cannot close it. More important, though, is to remove the exemptions and thresholds that drive business fragmentation: a chain of firms under special tax regimes cuts the effective corporate income tax rate from 20% to 6.3%. Taxes should be simple and the same for everyone.
“On the 2025 tax reform” and “On VAT thresholds”, February–March 2025