Updated on October 31, 2014 7:57PM (AST)
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Karaganda Region Governor Nurmukhambet ABDIBEKOV: STARTING NEXT YEAR OUR REGION WILL SEE A SERIES OF MINERAL PROCESSING PROJECTS USING STATE-OF-THE-ART TECHNOLOGY

Deputy Chairperson of the Committee for Protection of Children’s Rights of Kazakhstan’s Ministry of Education and Science Manshuk ABDYKARIM:
ALTERNATIVE FAMILY-BASED CARE FOR ORPHANED CHILDREN IS ACTIVELY IMPLEMENTED IN KAZAKHSTAN, NUMBER OF ORPHANAGES ARE DECREASING

Ambassador Extraordinary and Plenipotentiary of Japan to Kazakhstan Masayoshi KAMOHARA: EXPO-2017 WILL CONTRIBUTE TO FURTHER DEVELOPMENT OF KAZAKHSTAN

Director of Kazakhstan’s Institute for Strategic Studies Bulat SULTANOV: CREATION OF THE EURASIAN ECONOMIC UNION IS NOT DOGMA BUT GUIDANCE FOR ACTION


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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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