Legal Alert On Digital Mining

The Law of the Republic of Kazakhstan "On Amendments to the Code of the Republic of Kazakhstan "On Taxes and Other Obligatory Payments to the Budget" (Tax Code) and the Law of the Republic of Kazakhstan "On Enactment of the Code of the Republic of Kazakhstan "On Taxes and Other Obligatory Payments to the Budget" (Tax Code)" dated 24 June 2021 introduced a tax on digital mining (the "fee") and defined the following: 

• the digital mining fee is charged for the amount of electricity consumed;
• the obligation of authorized governmental department on information security to provide information on fee payers to the authorised governmental department on a quarterly basis by the 15th day of the second month following the reporting quarter.