Kazakhstan's fuel producers exempt from paying some taxes

Kazakhstan's fuel producers exempt from paying some taxes

BAKU, Azerbaijan, Mar. 30

By Nargiz Sadikhova – Trend:

By a decree of Kazakhstan’s government, country’s fuel manufacturers have been exempt from paying a number of taxes, Trend reports with reference to the decree.

Thus, the value added tax rate will be eight percent for the sale and import of goods included in the list of socially significant food products over the period up to Oct. 1, 2020.

Over the period till Dec. 31, 2020, Kazakhstan’s producers of fuel (except jet fuel) and diesel fuel to be exported will be exempt from paying excise taxes.

A zero coefficient was set on the tax rates on property of legal entities and individual entrepreneurs for taxable items used in entrepreneurial activities in the field of tourism, catering and hotel services for the entirety of 2020.

In turn, for tax payers who classify as micro, small and medium business:

- payment deadline on all taxes and other obligatory payments to the budget, as well as social payments has been delayed until June 1, 2020;

- adoption of the provision for the fulfillment of unfulfilled tax obligations and the enforcement of tax and customs debt, as well as social payments debt, with the exception of taxpayers with a high degree of risk is suspended up till June 1, 2020.

- the audits carried out by the state revenue authorities are suspended for the period of emergency state in the country, and the suspension period is not included in the audit period.

On March 15, 2020, Kazakhstan’s President Kassym Jomart Tokayev signed a decree introducing an emergency state in Kazakhstan due to the coronavirus outbreak, which came in force from 08:00 (GMT +6) on March 16 and will last till 08:00 on April 15, 2020.

First two cases of coronavirus infection were detected in Kazakhstan among those who arrived in Almaty city from Germany on March 13, 2020.

The latest data said that a total of 294 coronavirus cases have officially been confirmed in Kazakhstan.

The outbreak in the Chinese city of Wuhan - which is an international transport hub - began at a fish market in late December 2019. The number of people killed by the disease has surpassed 34,000. Over 732,100 people have been confirmed as infected. Meanwhile, over 154,000 people have reportedly recovered.

Some sources claim the coronavirus outbreak started as early as November 2019.

The World Health Organization (WHO) declared COVID-19 a pandemic on March 11.

---

Follow the author on twitter: @nargiz_sadikh

Review of employment activity in Azerbaijan as of May 1, 2020
Review of employment activity in Azerbaijan as of May 1, 2020
Uzbekistan siginificantly increases gold exports
Uzbekistan siginificantly increases gold exports
Azerbaijan increases import of fruits
Azerbaijan increases import of fruits
Loading Bars
Latest
Afghanistan to free 900 Taliban, urges ceasefire extension
Azerbaijan detects 132 new COVID-19 cases
Putin says Russia to hold postponed Victory Day parade on June 24
Azerbaijan sends letter to UN due to illegal “elections” in occupied Karabakh
Review of employment activity in Azerbaijan as of May 1, 2020
Uzbekistan siginificantly increases gold exports
Azerbaijan increases import of fruits
Nar 4G users up by 66% over the past year
Georgia reveals ongoing infrastructure projects
UNDP, Switzerland, Austria to distribute protective face shields to Georgia
Electricity generation drops in Georgia
Georgia reports one new COVID-19 case
Volume of loans issued by commercial banks down in Georgia
Tourist flow resumes between Georgia and Czech Republic
TBC Research: PPI increases inflationary pressure in Georgia
Central Bank of Iran reveals inflation forecast
Georgian Jimsher whiskey to be sold in US
Export of Turkey's leather goods to Kazakhstan on the rise
TAV Georgia to expand Batumi Airport
EBRD to finance large-scale project in Georgia
Iran reveals volume of wheat purchased from farmers
Azerbaijan sees growth in retail trade per capita
Iran announces number of dams under construction
Uzbekistan expands supply chain of wild cherries
Azerbaijan increases import of cars two-fold
Italy sees marginal decline of cement import from Turkey
Mudflow protection infrastructure to be built in Turkmenistan
Uzbekistan reveals amount of its transport sector losses due to COVID-19
Turkey reveals data on cargo deliveries to Germany
Azerbaijan records big boost in production of cars
Uzbekistan detects 81 new COVID-19 cases
Malaysia reports 187 new coronavirus cases, no new deaths
President Ilham Aliyev: Azerbaijan is ready for new technologies, innovations
Iran discloses volume of cargo transported by land
COVID-19 cases near 140,000 in Iran
Azerbaijan sees growth in manufacturing of dairy products
India coronavirus cases rise as millions return home
Ukraine looking into importing gas via Southern Gas Corridor
Turkmenistan to take part in meeting of Council of CIS Heads of Government
Kazakhstan's electric power distributing company to buy cables via tender
Kazakhstan's ministry forecasts livestock production increase
Iran’s product export increases via Tamarchin customs
Iran's Chabahar-Zahedan railway’s sections to be put into operation
Azerbaijan may supply hydrocarbons to Europe through Ukraine, says economic adviser
Azerbaijani companies could be engaged in Ukraine’s oil and gas fields’ dev’t: economic adviser
Turkmenistan, Turkey discuss cooperation in trade, economic sectors
Azerbaijan's AIA: Local Bonus-malus system needs serious review
Kazakhstan's monetary base down, latest data says
Tea farmers in Iran earn more as sales to state increase
Azerbaijan may change compulsory car liability insurance rates
Volume of non-bank deposits up in Georgia
Solar panel stations commissioned in Iran's Ardabil Province
Singapore cuts 2020 GDP outlook again as virus batters economy
Ukraine's cargo transportation to Turkey increases
Iranian currency rates for May 26
Turkey records decrease in incoming tourists from Kazakhstan
China’s gasoline demand to return to last year’s levels soon
Turkey's export of goods to China cut almost in half
AzerGold opens tender to buy catering services
Turkey records drop of leather products export to Russia
Rouhani: Iran needs to realize all oil, petrochem projects as soon as possible
Masks too dangerous for children under two, Japan medical group says
Armenia violates ceasefire with Azerbaijan 26 times
Iranian president orders to accelerate railway, road projects
Weekly review of Georgian capital market
Revenues of Georgian Oil and Gas Corporation up
Georgian PM extends Ramadan congratulations to Muslims
Expert talks advantages of Iran's housing trade done via Mercantile Exchange
Public transport service may be resumed in Tbilisi in June
Regional Manager: IFC co-ops with Uzbekistan on planning of future projects
French tennis federation to set aside nine million euros to support professional circuit
Aussie police arrest pair over 400kg of meth stashed in hot sauce shipment
Brazil's Bolsonaro says he expects top court to end probe into his conduct over police
Japan gives up approving Fujifilm's Avigan drug for COVID-19 by May-end
5.2-magnitude quake strikes north of Levin, New Zealand
Singapore cuts 2020 GDP outlook for third time as virus batters economy
More African countries should heed UN call for global ceasefire: Guterres
Spain revises coronavirus death toll down by nearly 2,000
Siemens to initially keep 45% in Siemens Energy after spin-off: sources
Small aircraft crashes in Rome, one passenger missing
WHO suspends hydroxychloroquine, chloraquine trials as COVID-19 treatment
Second Iranian oil tanker enters Venezuelan water
Regeneron to buy back $5 billion stake held by Sanofi
Polish health minister denies wrongdoing in procurement spat
President Ilham Aliyev, First Lady Mehriban Aliyeva view restoration and conservation works at Pir Omar Sultan shrine in Shamakhi (PHOTO/VİDEO)
President Ilham Aliyev, First Lady Mehriban Aliyeva attend opening of orphanage-kindergarten No2 constructed on initiative of Heydar Aliyev Foundation in Shamakhi (PHOTO/VİDEO)
President Ilham Aliyev, First Lady Mehriban Aliyeva view conditions created at multi-apartment buildings constructed in Shamakhi (PHOTO/VİDEO)
President Ilham Aliyev, First Lady Mehriban Aliyeva view transport vehicles and special machinery allocated to Shamakhi district (PHOTO/VİDEO)
No alternative to renewable energy
Former UK PM Tony Blair questions Trump's leadership in coronavirus pandemic
Bosnian Premier League among worst in world for coach stability: survey
Philippines posts five new coronavirus deaths, 284 infections
Azerbaijan's E-PUL payment system grows user base, prepares new project
Azerbaijani Compulsory Insurance Bureau talks priorities in insurance market
Azerbaijani president, first lady view renovation work done on Pirsaat Baba shrine in Shamakhi (PHOTO/VIDEO)
Official talks latest status of Iran-India contract on Chabahar port
Iran expects domestic wheat production to reach 14 million tons
Iran to sell debt securities, to make up for budget deficit
Azerbaijan detects 149 new COVID-19 cases
Production of shoes surges in Azerbaijan
All news