ASTANA, Kazakhstan, November 30. Kazakhstan is simplifying the taxpayer registration process, reducing tax reporting, and digitalizing its control, Trend reports.
In Kazakhstan’s Almaty, during an off-site meeting of the Public Chamber under the Majilis of the Parliament of the Republic of Kazakhstan, Deputy Minister of National Economy Azamat Amrin presented innovations from the draft of the new Tax Code. In his speech, Azamat Amrin highlighted that a service-based model of administration would be introduced in the new tax code. The taxpayer registration process will be simplified.
During his address, the deputy minister noted the proposal to introduce a differentiated corporate income tax rate. The basic rate of 20 percent will remain in place, while a rate of 25 percent is proposed for the banking sector and gambling industry. The rate will be reduced to 10 percent for manufacturing industries, financial leasing, and the social sphere, and the rate will remain at 3 percent for agricultural producers.
The plan also includes exempting pension payments from individual income tax for citizens from the Unified Accumulative Pension Fund (ENPF).
"For all individuals, it is proposed to reduce transport tax rates: if a car is more than 10 years old, the rate will be reduced by 30 percent, and if the car is more than 20 years old, the rate will be reduced by 50 percent," emphasized the Deputy Minister.
To note, earlier, on September 2, the President of Kazakhstan delivered his annual address to the people of Kazakhstan, emphasizing the need for stable tax policies aimed at stimulating quality development and responsible business behavior.