Kazakhstani investors and traders have received a powerful tool to simplify interaction with fiscal authorities. Binance Kazakhstan has introduced a "Tax Report" section on its platform, integrated with the independent analytics service SUMM, formerly known as Crypto Tax Calculator. This solution fundamentally changes the approach to preparing declarations, making the process fully automated.
How the automatic calculation works
Users no longer need to manually export transaction, deposit, and withdrawal history and then consolidate the data into cumbersome spreadsheets. The SUMM tool independently accumulates all necessary information and generates a ready-made calculation for filing the declaration for 2025. It is worth recalling that tax residents of Kazakhstan are required to submit the document by September 15, 2026.
For clients trading exclusively on this platform, the service is completely free. If an investor wants to consolidate data from other exchanges and external wallets, the plugin will provide a 30% discount on SUMM services during the first year of use.
Nurkhat Kushimov, General Manager of Binance Kazakhstan, emphasized that the company had long been working to reduce barriers in tax reporting. The community regularly reached out with questions about how to correctly compile transaction data, not miss anything, and avoid spending hours on manual calculations. Now this problem is solved.
It is important to understand: the generated document is not automatically sent to tax authorities and does not replace the official declaration. The user must independently verify the calculations and submit the final data to the State Revenue Committee.
The tax on digital assets itself arises at the moment of their sale. The taxable income is recognized as the increase in value — the positive difference between the sale price and the documented purchase price. If, based on the declaration, an individual income tax is due, it must be transferred to the budget no later than September 25, 2026.
Regulatory changes on the horizon
While traders prepare for filing, authorities are discussing easing the tax regime. Earlier, the local Ministry of Digital Development reported on the possibility of exempting individuals' income from digital asset transactions on regulated platforms from tax.
Thus, on July 7, the President of Kazakhstan signed a decree "On measures to stimulate and develop the digital assets industry." The document, developed jointly with the Ministry of Artificial Intelligence and Digital Development, the National Bank, and the AIFC, lays the foundation for a regulated market. Among the planned steps is creating conditions for voluntary disclosure of assets held on foreign unregulated platforms, with their subsequent transfer to domestic providers. At the same time, it is proposed to introduce tax incentives: income from operations through regulated Kazakhstani infrastructure is planned to be exempt from individual income tax.
The decree also affects mining — it is proposed to use associated petroleum and natural gas at fields for autonomous electricity generation, as well as to develop tokenized financial instruments, including the launch of tokenized government bonds.
Vice Minister of Artificial Intelligence and Digital Development Gizzat Baitursynov noted that these measures create predictable conditions for all industry participants — from miners to financial organizations. The comprehensive implementation of the decree will expand opportunities for businesses and investors while strictly ensuring the protection of citizens' interests and the security of the financial system.
My view: Automating tax reporting is not just a convenience but an important step toward legalizing the crypto industry in Kazakhstan. Combined with the potential tax exemption on regulated platforms, this creates a strong incentive for users to move into the official sphere, which in the long term will strengthen the country's position as a regional crypto hub.