Innovative Trends in Taxation of Kazakhstan

The National Center for Innovation and Entrepreneurship presented its opinion on the current topic of upcoming changes to the Tax Code of the Republic of Kazakhstan.
And here's what you need to know:

A transition to differentiated tax rates is proposed as a way to ensure fairness.


Among the proposals are increased rates for the banking sector (25%)
and preferential conditions for agricultural producers and the social sphere (10%).


Fairness or unreasonableness?
This novel raises more questions than it provides any answers.
The Center emphasizes the need for in-depth analysis and transparency in the rationale for such measures, pointing out the potential ineffectiveness and unfairness of such an approach.
Luxury Taxes: There are plans to tighten taxation on luxury goods, including yachts and expensive types of alcohol.


The Center also expresses doubts about the effectiveness of this measure due to the low share of such items in the total volume of taxable property and proposes to carefully weigh all aspects of the introduction of such taxes.


Comprehensive Analysis is the Key to Success in this matter:
NCIP emphasizes the importance of step-by-step implementation of any changes to the tax system, focusing on the need to take into account the opinions of the expert community and business.

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