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Kazakhstan's automotive manufacturers increase payments to state budget twofold

Transport Materials 28 January 2021 17:06
Kazakhstan's automotive manufacturers increase payments to state budget twofold

BAKU, Azerbaijan, Jan. 28

By Nargiz Sadikhova – Trend:

The overall payments of Kazakhstan’s automotive manufacturers to the state budget increased by 2.4 times, reaching 11.8 billion tenge ($28.02 million) in 2020, compared to 5 billion tenge ($11.8 million) in 2019, Trend reports citing Kazakhstan’s Union of Automobile Manufacturers.

The largest value of payments was made by the AZIA AUTO plant, which allocated 4.3 billion tenge ($10.2 million), which is 36.4 percent of the total payments. The plant increased payments to the budget by 3.5 percent in 2020 as compared to 2019.

Tax payments made by the SaryarkaAutoProm plant amounted to 3.8 billion tenge ($9.02 million), which is 31.8 percent of the overall industry’s payments. The value of payments made by SemAZ plant increased by 2.5 times, having amounted to 1.3 billion tenge ($3.08 million), or 11 percent of industry payments.

KAMAZ-Engineering made payments worth 1.2 billion tenge ($2.8 million; 9.8 percent of total payments), whereas payments of Hyundai Trans Auto equaled 743.3 million tenge ($1.7 million; 6.3 percent), Hyundai Trans Kazakhstan was 337.2 million tenge ($800.950; 2.9 percent), Uralskagroremmash was 139.2 million tenge ($330,640; 1.2 percent) and of Daewoo Bus Kazakhstan were 82 million tenge ($194.7 million; 0.7 percent).

The total volume of tax revenues of enterprises of the automotive industry (including retail sale and maintenance of automotive equipment) reached 68.7 billion tenge ($163.1 million) in 2020, which is 11.5 percent more than in 2019.

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Follow the author on Twitter: @nargiz_sadikh

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