Kazakhstan to forgive crypto tax debts for taxpayers

A proposal in Kazakhstan would allow digital asset owners to resolve tax liabilities arising from past transactions by disclosing their assets and transferring them in full from foreign or other unregulated platforms to licensed Kazakhstani digital asset service providers. The proposal is included in amendments to the Tax Code.

Tax relief for digital asset owners

Under the proposal, if an individual transfers all of their digital assets from unlicensed platforms to licensed digital asset service providers by Dec. 31, 2028, any outstanding taxes associated with those assets would not be treated as tax debt.

The proposal would also write off accrued interest and penalties related to tax violations involving income from digital asset transactions.

Additionally, income earned by individuals from digital asset transactions conducted through licensed service providers would be eligible for a deduction from taxable income for the period from Jan. 1, 2026, through Dec. 31, 2028.

Disclosure of previously acquired assets

A separate provision would add Article 847-2 to the Tax Code, establishing rules for individuals who wish to disclose previously acquired or received digital assets.

To qualify for the proposed tax benefits, an individual would have to declare the assets for the first time by Sept. 15, 2027, and transfer 100% of their digital assets from foreign or other unregulated platforms to licensed digital asset service providers.