Tag Archives: kazakhstan

Kazakhstan has replenished the budget by 1.5 million dollars thanks to miners

Kazakhstan has replenished the budget by 1.5 million dollars thanks to miners

What happened? In the first quarter of 2022, Kazakhstan’s budget increased by 652 million tenge ($1.52 million) thanks to companies Mining Cryptocurrencies in the country. The authorities introduced a fee for mining on January 1, 2022. It is calculated at a rate of 1 tenge ($0.002) per 1 kWh of electricity. The State Revenue Committee of the Ministry of Finance of Kazakhstan said that tax reporting for individuals engaged in Mining is not provided, said RBC.

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Kazakhstan has changed the rules for registration of Mining companies

Kazakhstan has changed the rules for registration of Mining companies

Minister of Digital Development of Kazakhstan Bagdat Musin issued an order expanding the registration and reporting requirements for miners. The document obliges individual entrepreneurs and legal entities planning to start working in this industry to notify the regulatory authorities at least 30 days before starting their activities. The rules also apply to firms and individuals providing services to Mining companies.

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