Tokayev signs decree giving crypto holders a three-year tax break

Kazakhstan President Kassym-Jomart Tokayev has signed a decree exempting individuals from income tax on digital-asset gains for three years.

The decree is expected to move an estimated 1 million crypto wallets off foreign platforms and onto licensed domestic exchanges.

Three-year tax-free period in Kazakhstan

President Kassym-Jomart Tokayev has signed a decree created by three bodies; the Ministry of Artificial Intelligence and Digital Development, the National Bank of Kazakhstan, and the Astana International Financial Centre (AIFC), which states that private investors will owe no personal income tax on gains from digital-asset transactions for three years.

Assets linked to fraud, money laundering, or unlicensed crypto services are exempted from this decree.

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

… Continue reading the full article at the original source below.