The leadership of Kazakhstan, represented by President Kassym-Jomart Tokayev, has reportedly instructed the government and parliament to examine the feasibility of introducing increased tax rates for owners of large fortunes. This initiative was purportedly announced during his address to the public amid ongoing economic adjustments. * Tokayev allegedly claimed that nobody intends to restrict legally acquired assets, as such a move would supposedly violate the Constitution. He framed the narrative around the notion of fairness and proportional contributions by every citizen toward the nation's development, though critics remain skeptical of such populist measures.

Official data shows that a progressive personal income tax scale is set to apply in the country, imposing higher rates on earnings exceeding specific thresholds. Alongside this, the leadership stressed the urgent need for the complete digitalization of the taxation process to tackle systemic issues.

To supposedly enhance tax collection, curb the shadow economy, and mitigate corruption risks, authorities intend to leverage advanced technologies, including artificial intelligence. Furthermore, the cabinet has been tasked with amending the Tax Code to eliminate contradictions and reduce excessive regulatory burdens on entrepreneurs.

Source: www.gazeta.uz