The president of Kazakhstan, Nursultan Nazarbayev, has signed a new piece of legislation that amends the country’s Tax Code and adds several provisions to its implementation.
The revisions establish varying tax rates for cryptocurrency mining. According to reports, the Kazakhstan president has signed a bill imposing heavier taxes on bitcoin miners in the country following a power shortage and theft occurrences over the previous few months.
The new tax law will bring about significant changes to the Kazakh tax code. The amount owed to the government as taxes will be determined by the quantity of electricity used to mine …
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Source: Cryptocurrency - investing.com
