Kazakhstan's State Revenue Committee issued a release on 28 July 2021 providing an overview of changes that have been made to the Tax Code. Some of the main changes include:

• Profits reinvested by small manufacturing businesses in new fixed assets for the development of production are exempted from tax, including reinvestments in the acquisition or construction of buildings and structures for industrial purposes;
• Deductions are specifically allowed for interest expense on intercompany loans received by subsidiaries from their national parent company;
• Registered social entrepreneurship entities are allowed a deduction for expenses incurred on advanced training and retraining of socially vulnerable categories of the population who are in labor relations with (employed by) such an entity, with the extra deduction capped at 120 times the MCI (Monthly Calculation Index) effective as of 1 January of the corresponding financial year per employee;
• An additional VAT offset (70%) is provided for new manufacturing companies engaged in the sale of goods resulting from the implementation of activities for the production of products in the manufacturing industry (excluding the metallurgical industry), which is meant to stimulate the creation of new industries and increase investment in the manufacturing industry (applies from 1 July 2021);
• VAT exemption is extended to imports in the "Qyzyljar" special economic zone of raw materials, parts, and components for vehicles and (or) agricultural machinery within the framework of a special investment contract (applies from 5 July 2021);
• A special retail turnover tax with a tax rate of 6% is provided for legal entities and individual entrepreneurs in the public catering sector for two years, from 2023 to 2025;
• A deduction for corporate income tax purposes is allowed for expenses incurred by employer's expenses in favor of employees for the introduction and implementation of sanitary, anti-epidemic, and preventive measures in connection with the introduction of restrictive measures, including quarantine (applies from 1 July 2021);
• A new fee for digital mining of cryptocurrencies is introduced at a rate of KZT 1 per KWh of electricity use in digital mining activities, which is payable on a quarterly basis by the 20th of the month following the reporting quarter; and
• The deadline for submitting certificates of residence for tax treaty purposes for 2019 and 2020 is extended to 31 December 2021 due to difficulties in obtaining required documents in foreign countries during restrictive measures for COVID-19.

The changes were introduced by Law No. 52-VII of 24 June 2021 and, unless otherwise specified, generally apply from 1 January 2022.