DESTINATION KAZAKHSTAN
So , the import of components ( raw materials and materials ) as well as the turnover of sales of goods produced in SIC will be exempt from VAT .
Also , the transfer of property in financial leasing is exempt from VAT , if the transferred property is acquired without VAT and is included in the list of goods for SIC . The privilege on corporate income tax of the sums of remuneration from operations on leasing is extended . Investment projects .
Now investment preferences are granted only for new projects and new businesses . Operating enterprises in the process of modernization and reconstruction of existing facilities are not provided for .
To stimulate such enterprises , corporate income tax benefits are offered to existing enterprises implementing modernization and reconstruction projects . Benefits will operate for a period not exceeding three years from the completion of modernization and reconstruction and provided that the investment is at least five million MCI .
Taxation of SEZ . In order to strengthen the incentive role of tax incentives , the SEZ participants are offered to expand the conditions for applying the benefits .
Due to the lack of income from priority activities during the construction period , the ‘ 90 / 10 ’ income ratio is not respected and , accordingly , the property tax and land tax benefits are not applied in the initial period of activity .
With a view to the effectiveness of benefits , it is suggested to maintain separate accounting for privileged and other activities and granting tax benefits for land tax and property tax from the moment of registration .
It is proposed to extend the extraterritoriality regime for the SEZ ‘ PIT ’ members for a period up to 2028 .
Also , for participants of the SEZ ‘ PIT ’, the conditions for the social tax benefit will be tied to the ratio of labor costs and total expenses ( current condition : ‘ la- bor costs at least 50 % of the annual income ;’ the proposed condition ‘ the ratio of the Payroll Fund to the total sum of expenses as 70 / 100 .’
SIXTH . Privileges .
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With regard to the modernization of benefits , it is proposed to increase their effectiveness through point changes . In particular , the auction fee and payment for the use of navigable waterways are abolished , since the state does not provide services and permits in these cases .
Also , at this stage it is proposed to abandon a number of benefits . These include the release of turnover on the services of slot machines , the implementation of lottery tickets , state postal payment signs , import of postage stamps .
In the same way , privileges that contradict the WTO requirements are canceled , since according to the requirements of the WTO , equal conditions for taxation should be applied for goods of domestic production and import .
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SEVENTH . Administration .
A proposal has been submitted for a three-vector administration , the preservation of the minimum threshold for VAT registration , the introduction of a VAT control account , and the reduction of the limitation period for small and medium-sized businesses from three to five years as well as other changes .
A new ideology , new incentives and new methods of administration lay the foundation for qualitative improvements . With the adoption of tax innovations , tax disputes will decrease , the number of inspections will be reduced , and administration will be simplified . Processing of raw materials will receive incentives , lending will be supported , and the AIC and the SME will receive convenient regimes . The tax policy as a whole will become clear and predictable .
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