Kazakhstan’s government wants to make investment agreements a more effective tool and cut the timeline for reviewing investors’ applications from 12 to 3 months, according to Primeminister.kz.
Authorities use investment agreements to attract big investors and guarantee that the tax legislation won’t change within the next ten years.
Within the framework of investment agreements, the Ministry of Economy suggested in March that corporate income tax would be lifted for investors whose projects are in the initial stages. The ministry also promised to provide taxpayers with fiscal assistance from their registration until the moment of deregistration.
The government also plans to...