Kazakhstan Enacts Investor Tax Breaks

Kazakhstan Enacts Investor Tax Breaks

Kazakhtan's President, Nursultan Nazarbayev, has signed into law tax concessions to promote foreign investment.

 

Approved measures include a 10-year exemption from corporation tax, an 8-year exemption from property tax, and a 10-year freeze on most other taxes.

 

VAT and excise tax rates will continue to be subject to change, although tariff ceilings will be set for a period of five years, or more for certain industries.

 

Other measures include a refund on capital investments of up to 30 percent once a production facility is in operation.

 

Also, an investment ombudsman will established to safeguard the rights and interests of investors.

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