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Kazakhstan’s 2026 Budget to Gain KZT3.7 Trillion from VAT Rate Increase, Says Deputy Minister

    Kazakhstan’s state budget revenues for 2026 are projected to reach 19.2 trillion tenge, or 10.5% of GDP. The increase of 4.7 trillion tenge from the previous year is mainly due to tax legislation changes, economic growth, and other factors. VAT and corporate income tax are the largest contributors. The new Budget Code includes the transfer of certain taxes to local budgets and introduces ‘special receipts’ from subsoil users. Non-tax revenues are expected to be 330 billion tenge, with special receipts at 20 billion tenge. The share of the republican budget covered by its own revenues is expected to increase from 63.7% in 2025 to 83.5% in 2028.

Source: qazinform.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.



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