ASTANA, Kazakhstan, April 11. When I tasked the development of a new tax code, I set the goal of moving towards a clearer, more stable, and fair tax policy, said President of Kazakhstan Kassym-Jomart Tokayev during a meeting with the public in the city of Shymkent, where he spoke about tax reforms in Kazakhstan, Trend reports.
"In reality, we are not tightening the tax policy but rather streamlining it. The current code is overloaded with numerous amendments, subordinate acts, and exceptions. The code has turned into a document whose practical usefulness is rightly questioned by both entrepreneurs and public servants due to its complexity and difficulty in reading and understanding. A large number of benefits and tax regimes create advantages for some entrepreneurs and cause justified dissatisfaction among others," Tokayev stated.
As the president noted, tax concessions were initially designed
to support certain sectors of the economy and categories of
businesses.
"But in practice, this led to abuses by dishonest entrepreneurs,
tax evasion, and business fragmentation. We cannot tolerate such a
situation, and Kazakhstan cannot become a massive offshore zone.
All this has complicated tax administration and led to an unfair
distribution of the tax burden. Currently, Parliament is
considering a fundamentally new tax code. The document must ensure
a balance between the interests of business and the state and
encourage entrepreneurs to pay taxes honestly. Additional tax
revenues will help increase the development budget and build new
schools, hospitals, and other social infrastructure," President
Tokayev underscored.
According to Tokayev, a transparent and stable tax system will
strengthen the country's investment potential.
"It will contribute to the improvement of citizens' well-being,
economic growth, and business development. In these challenging
times, it is crucial to maintain unity. Folk wisdom says,
'Well-being must serve the people'. It is important to focus our
efforts on achieving common goals," added Tokayev.
President Kassym-Jomart Tokayev is currently on a working visit to Kazakhstan’s Shymkent. In the course of the trip, the president plans to review the socio-economic development of the city.
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