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Tax guidelines for crypto mining pass the first reading in Kazakhstan -Breaking


Kazakhstan passes the first reading of tax guidelines on crypto mining

Kazakhstan, a world leader in crypto-mining, has taken a major step towards establishing a fiscal structure for its mining operations.

On Thursday May 25, Mejlis (the lower chamber) of Kazakh parliament will be held. PastThe amendments to national tax code that regulate crypto mining’s fiscal burden were read in their first reading. These amendments provide for graded tax rates linked to the electricity costs of mining entities.