Kazakhstan may impose luxury tax

The country is considering an option of imposing a new tax on luxury, the Ministry of Finance’s press service reported.

As the agency reported it is going to think about the possibility of the new tax.

For example, the government is keen to impose an additional tax on owners of luxury vehicles such as Aston Martin, Bentley, Ferrari, Lamborghini and Maserati. Any benefits for such cars must be excluded.

Among other luxury items are fancy jets, sailboats and real estate in big cities and popular resorts. All these things might face increasing taxes.

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