Exciting Update: Upcoming Tax Discounts for Older Cars in Kazakhstan! 🚗💰
Tax reduction commencement details and eligible vehicle models
Wanna know more about the new car tax discounts coming to Kazakhstan? Here's a lowdown from our top-ranked news website Kolesa.kz!
They report that the newly approved updated Tax Code project is taking shape, with a proposed 30% tax discount for vehicles aged between 11 to 20 years, and a whopping 50% discount for even older vehicles! However, there's a twist — these discounts aren't set in stone yet. Senators need to approve the discounts, and the President's seal of approval is necessary too.
When Can We Expect the Relaxation? 🎉🕛
If all goes according to plan, the discounts are expected to kick off on January 1, 2026. If you sell an old car in February 2026, you'll pay the current higher tax rate for the year 2025, and the reduced rate for the time spent in 2026.
Who Might Be Eligible for This Discount? 🧔🚗
Stats revealed by the Bureau of National Statistics of the RK as of May 1, 2025, show that there are a whopping 6,175,955 cars in Kazakhstan. Out of these, around 5,340,301 are passenger cars. As of now, 1,270,746 are within the eligible age range of 10 to 20 years, and 2,266,099 are older than 20 years. So, if everything proceeds as anticipated, more than half of Kazakhstan's passenger car fleet might be eligible for the discount!
"And the number of 'old' cars will surely grow by 2026," the authors note.
Now, let's dig into some opinions found on social media!
🤝 roos: "I don't think it's wise to give tax breaks. We should maximally utilize older cars. It's like offering cheap tickets on old planes. The only advantage is high risk, and old tech should go to scrap. Taxing cars through gasoline is a far better idea!"
😉 Vladimir: "You're right, but people don't buy old cars for enjoyment! Often, it's a financial constraint, leaving no room for new cars."
🤔 Not Nur Nuru: "I'm skeptical about any reductions happening here."
🤔 Not Nur Nuru: "Given the budget hole, I highly doubt they're looking at lowering taxes—they'll only find more ways to fine and tax us."
💪 Igor: "No, the budget gap should be tackled through fighting corruption. Otherwise, we'll just keep shelling out for someone's extravagant lifestyle."
⚡ Aydin: "On the contrary, we should be offering discounts on new cars because they emit fewer pollutants. To achieve this, we'd have to get rid of the scrap fee."
🌍 Zatonskiy: "I'd say tax should be based on fuel consumption, then it would be fair. The more you drive, the more you pay."
😕 I think so: "Zatonskiy, have you forgotten how fuel prices affect food costs? If gasoline rises by 5 tenge, food prices go up by 50 in return!"
😜 I think so…!!! "Is this how we're going to replace car junk?"
😎 For Truth: "Please allow some window tint—at least 20-30% darkness!"
🥳 AmanLike: "Yay! We might finally be getting discounts for our old cars! This means we can drive in style!"
🤔 Sarbaz: "If they're planning to increase or decrease anything, they should act now, but it seems like they're still dilly-dallying."
🤔 AliHan: "This implies gasoline prices are going up!"
💸 Talgat: "They're abolishing scrap fees and primary fees."
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In Kazakhstan's scheduled tax reform, the finance industry may witness a significant shift as the proposed Tax Code project includes discounts for older cars, with a potential 50% reduction for vehicles more than 20 years old. This could potentially influence the lifestyle of many Kazakhstan residents, as over half of the country's passenger car fleet may become eligible for the discount, which could lead to changes in car ownership patterns within the industry.
