Guide to Property Taxes in Kazakhstan

Tax residents of Kazakhstan are generally subject to taxation on their worldwide income, while non-resident individuals are taxed on income derived from Kazakhstan sources, including income and taxable gains arising from real estate situated in Kazakhstan.

Kazakhstan introduced a new Tax Code effective from 1 January 2026, which modified several individual income tax rules and introduced progressive rates for certain categories of income.

Rental Income Tax

Rental income derived from property situated in Kazakhstan constitutes Kazakhstan-source income and is taxable when received by a non-resident individual.

The applicable taxation mechanism depends on the nature of the rental income, the status of the person paying the rent and whether the income is subject to withholding at source or must be reported directly by the non-resident.

Under the 2026 rules, certain Kazakhstan-source income of non-resident individuals classified as other income may be subject to 20% tax without deductions. Accordingly, a general 10% rate should not automatically be applied to all rental income received by a non-resident.

Where rental income is subject to self-assessment under the applicable property-income provisions, the taxpayer must report the income through the relevant Kazakhstan tax return.

For comparison purposes, rental income received by a non-resident individual is assumed to fall within Kazakhstan's general 2026 taxation of other Kazakhstan-source income at 20% without deductions. On this basis, annual gross rental income of €18,000, €72,000 and €144,000 results in estimated income tax of approximately €3,600, €14,400 and €28,800, respectively. The effective tax burden is therefore 20% of gross rental income at each income level, before considering any relief that may be available under an applicable double taxation treaty.

Capital Gains

Capital gains arising from Kazakhstan-source assets are taxable in Kazakhstan.

Under the 2026 rules, capital gains of individuals are generally subject to a progressive income tax structure of 10% on annual taxable income up to KZT 36,762,500 and 15% on the amount exceeding that threshold, subject to the specific rules applicable to non-residents and the relevant type of asset.

For real estate, the taxable gain is generally determined by reference to the positive difference between the property's disposal value and its qualifying acquisition or tax basis.

Certain exemptions or special rules may apply depending on the type of property, period of ownership and circumstances of the disposal.

Corporate Taxation

The standard Corporate Income Tax (CIT) rate is 20% in Kazakhstan in 2026.

Kazakhstan-resident companies are generally taxed on their worldwide taxable profits, while non-resident companies operating through a permanent establishment in Kazakhstan are taxed on profits attributable to that permanent establishment.

Taxable corporate income is broadly determined as aggregate annual income less qualifying deductions. Accordingly, qualifying expenses associated with operating and maintaining income-producing real estate may generally be deducted when calculating taxable corporate profits.

Capital gains realized by companies are generally included in taxable corporate income and subject to the applicable 20% corporate income tax rate.

Certain activities are subject to special corporate tax rates. For example, specified banking and gambling activities are subject to a 25% rate, but these special rates do not represent the ordinary corporate tax rate applicable to a standard real estate investment company.

Property Buying Costs and Taxes in Kazakhstan

Property Holding Tax

Individuals owning real estate in Kazakhstan are generally subject to an annual property tax. The tax is calculated separately for each taxable property based on its officially assessed value, rather than simply applying a 1.5% rate to the property's market value.

The assessed value used for individual property taxation is determined by the relevant Kazakhstan authorities. The final tax liability depends on the property's assessed value, applicable tax rate and the period during which the property was owned.

Kazakhstan applies a progressive property tax structure for individuals, meaning that the tax burden increases with the officially assessed value of the property.

The tax authorities generally calculate the property tax payable by individuals, and the liability is attached to the property regardless of whether the owner is resident or non-resident.