Kazakhstan Chamber of Commerce in the USA


Kazakhstan creates new tax breaks for foreign investors

Posted on June 28, 2014 by KazCham

Tax News

President Nursultan Nazarbayev has signed new tax laws to boost foreign investment.  The new laws will exempt foreign investment projects worth over $20 million in certain industries from corporate tax for 10 years and from property tax for 8 years. They will also put a 10-year freeze on many other taxes.

Foreigners will get a refund on capital investments for up to 30 percent after a production facility starts running, and be allowed to bring in foreign workers, in excess of the previously set quotas, during the implementation plus one more year period. VAT and excise tax rates might also be subject to tariff ceilings for the next five years or so.

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