Kazakhstan to increase excise taxes
Azerbaijan, Baku, Oct. 23 / Trend E. Kosolapova/
Kazakh Majilis (Parliament's lower chamber) approved the bill amending taxation issues on the second reading on Wednesday, Majilis press-service reported.
The amendments envisage increase in excise taxes on alcohol and tobacco.
Moreover, the taxes on luxury goods including transport vehicles and property will be increased.
The bill also raises tax rates on lands that have not been developed for a certain period after they were granted.
While delivering speech at the XV Congress of the Nur Otan Party, on Oct. 18 Kazakh President Nursultan Nazarbayev ordered that taxes be levied on luxury goods.
"As I ordered, it is necessary to impose indirect taxes on luxury goods, expensive cars and all sorts of evil passions such as alcohol and cigarettes and so on," the president said.