Kazakhstan frees electronic commerce from income tax
Baku, Azerbaijan, Nov. 7
By Ali Mustafayev – Trend:
Kazakhstan's government decided to exempt the citizens, engaged in electronic commerce (e-commerce) from income tax, in order to encourage this sector of the country.
“More and more individuals do business online. We try to give an impetus to electronic commerce, by eliminating corporate and individual income tax for the persons who deal only with electronic commerce. This amendment will be valid for five years, activating the electronic commerce of the country, by making it legal,” said Ruslan Dalenov the Deputy Minister of Economy of Kazakhstan, during the meeting of the senate, Kazakh media reported.
He added the government will also take measures against the illicit economy, and stimulate the mining sector of the country through its new tax code.
“The country also facilitates conditions for small and medium-sized businesses,” said Dalenov.