Kazakhstan Chamber of Commerce in the USA


Kazakhstan Adopts New FDI Incentives 0

Posted on July 20, 2014 by KazCham


On June 12 , 2014 President Nazarbayev signed into law a new package of investment incentives aimed at boosting economic activities and improving the business climate in the country. In particular, new incentives include:

  • exemption from corporate income tax (20 %) for up to 10 years;
  • exemption from land tax for up to 10 years;
  • exemption from property tax for up to 8 years from the date when fixed assets are commissioned;
  • reimbursement of up to 30 percent of actual expenses on construction works and purchase of equipment (investment subsidy);
  • exemption from the need to obtain work permits for foreign workers;
  • Investment Ombudsman is created. He/she will be appointed by the Government to help protect the rights and interests of the investors.

To use new incentives, a Kazakhstan entity established by the foreign investor should make at least USD 20 million in one of the priority investment projects. For more information please click here.

Kazakhstan creates new tax breaks for foreign investors 0

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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