Investors in Kazakhstan to exempt from tax for 10 years

Photo: Investors in Kazakhstan to exempt from tax for 10 years / Economy news

Astana, Kazakhstan, May 4
By Daniyar Mukhtarov - Trend:

Investors will be exempt from corporate income tax for 10 years , Kazakh President Nursultan Nazarbayev said at the opening of the 47th Annual Meeting of the Asian Development Bank.

"We intend to create the most favorable climate for investors. Due to this goal, this year we will aadopt a new law "On improvement of investment laws". We plan to exempt investors from corporate income tax for 10 years, to input investment subsidies to ensure a stable legislation and predictable tariff, to simplify import of foreign labor," Nazarbayev said.

According to him, work with investors will be on a single window system.

"In addition to the institute of investment ombudsman. We will pursue inclusive economic growth, increase investment in human capital development," president of Kazakhstan said.

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