Kazakhstan Gives Crypto Investors Three-Year Tax Break

Kazakhstan's President Kassym-Jomart Tokayev has signed a decree that gives private investors a three-year tax break on digital-asset gains. This move is expected to shift an estimated 1 million crypto wallets from foreign platforms onto licensed domestic exchanges.

The decree, created by the Ministry of Artificial Intelligence and Digital Development, the National Bank of Kazakhstan, and the Astana International Financial Centre (AIFC), exempts individuals from personal income tax on digital-asset gains for three years. However, assets linked to fraud, money laundering, or unlicensed crypto services are exempted from this decree.

Gizzat Baitursynov, Vice Minister of AI and Digital Development, said his department is drafting a simplified tax regime that will be implemented after the three-year window. They are also working to cancel tax audits covering investors' previous three years.