Kazakhstan has published Law No. 135-VII of 11 July 2022, which contains various tax measures that generally apply from 1 January 2023. The main measures include:
In addition to the above, Law No. 135-VII also establishes a new progressive schedule of rates for the fee for digital mining of cryptocurrencies. The progressive schedule is more specific than the schedule previously reported based on the average electricity price per KWh (price per KWh - fee per KWh):
It is also provided that when using own electricity, the fee rate is equal to KZT 10 per KWh. However, when using own electricity from renewable energy sources, a rate of KZT 1 per KWh applies regardless of the electricity price. Lastly, it is provided that in the absence of control devices for metering the volume of electricity consumption for the purpose of digital mining, the fee is calculated at a rate of KST 25 per KWh.