Before 1 June 1, the parliament of Kazakhstan will be presented a bill to improve the investment climate

Posted: Samat Posted: 15 April 2014 11:50 Category: News of the Legislation of Kazakhstan Views: 411

Before 1 June 2014, the Parliament of Kazakhstan will be presented a bill to improve the investment climate  Kazakhstan Today.

"Before 1 June 1 2014, the Parliament of Kazakhstan will be introduced a bill to improve the investment climate", Yerbolat Dossaev, the Minister of Economy and Budget Planning, said at the briefing in Astana.

According to the information presented by the minister, the bill provides for, firstly, a new format of investment contracts with investors with the following measures of state support: payment up to 30 % of investment cost to the state after commissioning; exemption from CIT; a long-term order for goods and services investors by national holdings, national companies and government agencies.

Secondly, the bill provides for the principle of "stability "of the legislation for 10 years in tax and environmental sectors, as well as the projected long-term rates , he said.

"Thirdly, the implementation of the "one-stop shop" principle for investors on the basis of the Investment Committee MINT, introduction of investment ombudsman institute", Ye. Dossaev said.

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