Kazakhstan's New Tax Code: Will it Crush Small Businesses?

Kazakhstan's New Tax Code: A Looming Threat to Small Businesses? Kazakhstan is set to implement a new tax code in 2026, promising stricter regulations and increased scrutiny for businesses. While the government aims to curb tax evasion, many fear the consequences for law-abiding entrepreneurs. The new code introduces more stringent requirements and reporting procedures, potentially overwhelming small businesses already struggling to stay afloat. "The irony is that due to those who hide income, work in cash, don't register employees, and understate turnover, the rules are getting tougher for everyone," explains Gulnaz Teleuova, a business consultant featured in a recent video discussing the issue. The increased tax burden is a significant concern for many. The video highlights the potential for automatic blocks and fines, adding to the anxieties of business owners. The situation underscores the need for clear communication and support for small businesses as they navigate this complex new landscape. A successful transition requires not only stricter enforcement but also proactive measures to assist businesses in complying with the new regulations.