Updated on April 24, 2014 12:40PM (AST)
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Smooth devaluation unnerves the population, National Bank

Independent financial expert Damir SEISEBAYEV:
“KAZAKHSTAN HAS ALL CHANCES TO FLOAT SOVEREIGN BONDS IN INTERNATIONAL MARKETS AT A GOOD PRICE”

Lawyer Arkady BUKH:
IMMIGRATION CASE AGAINST ONE OF KAZAKHSTAN STUDENTS ON HOLD

Alliance Bank CEO Maksat KABASHEV:
THE RETAIL BANK THAT MAY BE CREATED THROUGH MERGER OF ALLIANCE BANK AND TEMIRBANK WILL COST UP TO $1 BILLION IN THE FUTURE


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CORPORATE INCOME TAX IN KAZAKHSTAN TO BE CUT BY 15% BY 2014

Almaty. October 15. Interfax-Kazakhstan - Kazakhstan's corporate income tax will be lowered to 15% in 2014, said the Minister for Economic Integration Zhanar Aitzhanova on Monday.

"Within the Customs Union the Government of Kazakhstan apart from expanding the market is working on improving the investment climate. First, among the three

Customs Union countries, Kazakhstan has the most favorable tax rates for businesses, in particular, VAT. We have a VAT rate of 12%, Russia has an 18% VAT and Belarus 20%. Kazakhstan's corporate income tax is set at 20%, but we plan to reduce it to 15% by 2014. Russia has a 20% CIT and Belarus levies 18%," she said at the forum

"The Customs Union and WTO: Regional and Global Aspirations - Russia and Kazakhstan," on Monday in Almaty.

Aytzhanova noted that the social security tax in Kazakhstan, compared to

CU countries is much lower, 11%, while our partners Russian and Belarus have 34% and 28% respectively, " she said.

"(...) We provide for CIT exemption for the propjets that are part of the free economic zones, as well as grant property and land tax exemption," said Aytzhanova.



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