Kazakhstan to prepare new Tax Code in 2023

In 2023, a new Tax Code will be prepared. This was announced by the Head of State Kassym-Jomart Tokayev, El.kz reports.

"Sustainable economic growth directly depends on a clear, predictable tax policy. In order to reboot fiscal regulation, a new Tax Code will be prepared in 2023. Its most problematic block is the tax administration, which should be completely updated. It is also necessary to ensure the full digitalization of tax control, excluding any face-to-face interaction," the President said.

For the development of civilized trade, it is necessary to expand the application of retail tax with adequate rates and simple procedures.

The Head of State also stressed the possibility of introducing a so-called “wealth tax”.

“It will be charged for the purchase of high-value real estate, vehicles and will not affect the middle class," Tokayev noted.