28.05.2024, 15:40 44491

Olzhas Bektenov: Rates in new Tax Code to be linked to complexity of products. Higher redistribution, lower rate

Government has outlined the main directions and tasks for the development of the manufacturing sector. Emphasis will be placed on the production of non-resource goods of high processing, primeminister.kz reports.

Prime Minister Olzhas Bektenov emphasised that in this case most of the profits will remain in the country and the level of diversification of the economy will increase. At the same time, preferences for producers are provided for in the draft of the new Tax Code.

In the draft of the new Tax Code, tax rates will be determined depending on the complexity of production output. If the enterprise will produce products of high conversion, the tax rates are lower, and if they produce raw materials, the tax rate is correspondingly higher. This important measure will contribute to the development of production," Olzhas Bektenov said.

 

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