The senators have adopted the law on “Introduction of amendments to certain legislative acts of the RoK on matters concerning taxation”. 

Source:  Novosty-Kazakhstan International Information Agency» 

Deputies of the Senate (upper chamber of the parliament) have adopted the law “On introduction of amendments to certain legislative acts of the Republic of Kazakhstan on matters concerning taxation” in the second reading, the correspondent of Novosty-Kazakhstan IA informs.

The law provides for the norms on implementation of a concept of the new budget policies with respect to improvement of fiscal function of some taxes when imposing tax on luxury items (excises duty on tobacco and alcohol, transport tax and property tax), as well as decisions of the consulting council on taxation matters.   

To discourage people to consume socially harmful goods one has provided for increase in rates of alcohol products.  This rate will be increased for strong alcoholic products. The rates for low alcoholic products are proposed to be considered in 2014. 

One has proposed to increase the excise rates on strong alcoholic products in 2014 from 500 – 1000 tg, in 2015 – up to 1200 tg and in 2016 – up to 1600 tg. 

Ti further increase the excise rates on tobacco, in 2015, the law proposed to increase excise rates for tobacco from 3 000 to 3900 tg, in 2016 – from 3900 to 5000 tg. or increase it annually by 30%. 

Deputies of Majilis proposed to establish a rate up to 130 MCI for automobiles with engine capacity of 4 – 5 th cubic cm., for automobiles with engine capacity of more than 5 th. – 200 MCI. All the new rates will be applied to automobiles bought on or after 1 January 2014. That is the automobiles previously bought should not be subject to the new rates

Source:  Novosty-Kazakhstan International Information Agency»