Interest on deposits in Kazakhstan banks is exempt from personal income tax from 2026
Article 430, subparagraph 1 of the 2026 Tax Code of Kazakhstan reduces taxable income by interest on deposits in second-tier banks and licensed organizations of Kazakhstan; article 400, paragraph 1, subparagraph 18 carries the same reduction into the tax return. Deposits in foreign banks are taxed at 10% up to 8,500 MCI and 15% above.
What this changes in the calculation
Deposit was 10 to 15%, becomes 0% for deposits in Kazakhstan banks (10 to 15% for foreign ones), from January 1, 2026.
- Source
- pavlodar.com
- Status
- verified
- Published