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The tax burden on the economy will not grow – MNE of Kazakhstan

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by February 4, 2017 Health

In general, tax revenues will match the structure of GDP.
“The mining sector will remain a key source of replenishment of the budget. We deliberately made taxation of the mining industry heavier. It stands firmly on its feet, thus carries a full tax burden. We are trying to relieve the manufacturing, small and medium enterprises from the tax,” T. Suleymenov said.

According to the minister, this trend will continue in 2017.

In addition, the Ministry will review incentives under the new Tax Code to eliminate inefficiencies. At the same time, MNE develops new tax incentives for industries of the new economy. The result of this activity is to reduce the tax burden on the economy.

 

 

 

Source: The Prime Minister of Kazakhstan

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