February 1, 2022

Digital mining: the procedure for calculating the fee

From January 1, 2022, in accordance with the amendments to the Tax Code of the Republic of Kazakhstan, a fee for digital mining has been introduced.

Fee payers (miners) are persons who carry out digital mining.

The fee rate is determined in the following amount:

 1 tenge per 1 kilowatt-hour electrical energy consumed during digital mining.

There is no tax reporting for digital mining fees.

However, payers are required to pay the fee at the place of digital mining activity (at the location of digital mining equipment) and no later than the 20th day of the month following the reporting quarter.

Therefore, the payment for the first quarter of 2022 must be paid no later than April 20, 2022.