Taxes seem to be inevitable, even in Kazakhstan. The measures are intended to “level the load and de-stimulate the consumption from private sources of energy”.
Kazakhstan, one of the global leaders in crypto mining with a recent history of hostile measures against the industry, is taking a step toward a comprehensive fiscal framework for mining operators.in the first reading the amendments to the national tax code, regulating the fiscal burden on crypto mining. These amendments suggest graded tax rates tied to the electricity prices consumed by mining entities.
For example, the cheapest grade of electricity prices, 5 to 10 tenges for Kwh, would come with an additional burden of 10 tenges . For 10–15 tenges per Kwh, the tax would be 7 tenges and for 20–25 tenges per Kwh — 3 tenges . Proposed amendments overstride the earlier initiative to raise the price for electricity from $0.0023 per Kwh to $0.01 for crypto miners, voiced by Kazakhstan’s First Vice Minister of Finance Marat Sultangaziyev
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