The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan, together with the National Bank of the Republic of Kazakhstan, adopted a joint resolution suspending the provision that would reduce the GST on mortgage housing loans from 25% to 20%. The suspension is set to apply from 1 November 2025 to 1 July 2026. The measure suspends a structural element of the earlier joint resolution adopted by the Agency (16 August 2024 No. 62) and the National Bank (19 August 2024). The stated rationale is to take a more balanced approach to regulating mortgage loan costs in current macroeconomic conditions, maintain a balance between access to borrowing for households and banking-sector stability, and avoid mortgage applicants being refused due to changes in regulatory requirements ahead of the reduction taking effect.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan 2026-01-06
Kazakhstan's Agency for Regulation and Development of the Financial Market and National Bank suspend the planned GST cut on mortgage loans from 25% to 20% until 1 July 2026
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan and the National Bank of the Republic of Kazakhstan have suspended the provision to reduce the GST on mortgage housing loans from 25% to 20%, effective from 1 November 2025 to 1 July 2026, to balance mortgage loan costs and maintain banking-sector stability.