Reducing VAT rates for some companies and a number of other anti-crisis measures announced in the Republic of Kazakhstan

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Reducing VAT rates for some companies and a number of other anti-crisis measures announced in the Republic of Kazakhstan

Reducing VAT rates for some companies and a number of other anti-crisis measures announced in the Republic of Kazakhstan

Astana. 25 February. KazTag - Reducing value added tax rates (VAT) for some companies and a number of other anti-crisis measures announced in Kazakhstan, the agency correspondent reports.

"Currently, the government has prepared urgent measures to ensure high-quality and sustainable growth of the economy approved at the Supreme Council on reforms on January 29, 2021," said Prime Minister Askar Mamin, responding to the request of the group of deputies of the Mazhilis.

Among these measures, according to him, it is envisaged:

- Reduction of VAT for two years for new manufacturing companies;

- exemption from corporate income tax (CPN) Parts of income aimed at reinvestment;

- expansion of the list of priority activities for the conclusion of investment agreements with the government;

- regulation with "pure sheet", reducing business requirements;

- retail tax mode at a rate of 6% for public catering;

"These support measures will apply to the subjects of medium-sized businesses. The amendments aimed at the implementation of these measures will be submitted to Parliament for legislative consolidation until the end of the current session as part of the commission of the head of the state given on the Supreme Council on the reforms on January 29, 2021, "Mine assured.

Recall, on February 22, Mazhilis deputies from the Ak Zhol faction announced that the state found the opportunity to provide tax support to small and micro-business, "however, the middle business was outside the framework of this support." Deputies asked: to extend the exemption from taxes to the medium enterprises affected by quarantine before the restoration of their revolutions and free-prociability at the level of the pre-crisis period; directly prohibit tax authorities and banks to bring the current average business before the bankruptcy "inadequate claims"; extend the suspension of bankruptcy cases of private enterprises at least until April 1; To carry out for those affected by the coronacrisis of medium enterprises, tax amnesty to write off amounts of tax debt, fines and penalties.

However, according to February 25 KazTag, the government of Kazakhstan did not support the liberation of the average businesses from paying taxes.

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