Increase of maximal taxable base on medical insurance contributions

On 18 December 2024 a draft of the Law ‘On amendments to several legislative acts of the Republic of Kazakhstan on issues of obligatory social medical insurance’ (the ‘Draft’) was published on the web-site of the drafts of the legislative acts[1].

One of the main changes offered by the Draft is the increase of the maximal taxable base on obligatory social medical insurance (‘OSMI’) contributions of employer and employee from 10 minimal wages (‘MW’) to 50 MW.

For comparison, in 2025 one MW will be KZT 85 000. Hence, if the above changes were to take effect in 2025, the maximal taxable base on OSMI contributions of employer and employee would increase from KZT 850 000 to KZT 4 250 000.

If the Draft is adopted, the above changes will take effect on 1 January 2026.

The full alert in pdf is available by this link.

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[1] https://legalacts.egov.kz/npa/view?id=15359080