Government • 05 March, 2018

Kazakh President proposes to reduce taxes 10 times for low-paid workers

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"In order to support working people of Kazakhstan with a relatively low wage, I propose to reduce their tax burden 10 times, that is, to leave only 1% from January 1, 2019. Reducing the tax burden through individual income tax should be made for those who earn not more than 25% size of the minimum calculation factor per month," the President proposed.

"The released funds from such a reduction should be directed to increase the payment for their labour. In this way, wages of at least one-third of the country's wage earners, which is more than two million people, will grow without increasing the burden on employers", he suggested.

Recall, a monthly calculated index in Kazakhstan in 2018 shows 2405 tenge.

 

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