The law “On the republican budget for 2023-2025”, which was signed by the President of Kazakhstan on December 1, establishes the minimum wage, MCI and other calculated indicators for the period.

So, from January 1, 2023, the following will enter into force:

the monthly minimum wage is 70,000 tenge, approx. 140 EUR at the current exchange rate;

the minimum pension is 53,076 tenge;

the subsistence minimum for calculating the size of basic social payments is 40,567 tenge.

It was also established that funds allocated for pension payments by age and pension payments for long service are provided for with an increase in their size by 10.5%.

The amount of state contributions for compulsory social health insurance payable to the Social Health Insurance Fund is 1.8% of the object of calculation of state contributions.

The monthly amount of monetary compensation for the maintenance of housing and payment of utility bills to military personnel (except military servicemen) and employees of special state and law enforcement agencies, the state courier service will be 3,739 tenge.

Recent Posts

March 16, 2023

Blanket requirement for virtual warehouse canceled

Since last year, accountants across Kazakhstan have been dreading the planned requirement to issue accompanying electronic invoices for all import and export goods, which would…

Continue reading
March 6, 2023

Accounting using foreign ERP solutions in Kazakhstan

Many international organizations end up implementing an ERP solution to manage their accounting needs across all countries where they operate in after growing past a…

Continue reading
February 28, 2023

Office and bank holidays in Kazakhstan in 2023

Every year offices and employees around Kazakhstan are interested to find out where the office holidays fall in the calendar. Kazakhstan has relatively many public…

Continue reading