Kazakh entrepreneurs to be exempted from paying income taxes and social contributions

Kazakh entrepreneurs to be exempted from paying income taxes and social contributions

Entrepreneurs in Kazakhstan will be exempted from paying income taxes and social contributions during the state of emergency. This was reported by Yerbol Ustemirov, Board Chair for Atameken National Chamber of Entrepreneurs at a briefing in Central Communications Service. He commented that government is preparing a new statement on SME and large business that will come into force in the next few days.

 “Entrepreneurs will be exempted from paying personal income tax, social tax as well as pension and health insurance contributions. The statement has two attachments involving business activities that will be exempted from taxes. There are 29 types of activities in small business and 10 in large business,” said Yerbol Ustemirov.

Earlier, Kazakh entrepreneurs were exempted from paying property and land taxes until the end of 2020 due to the state of emergency. The National Chamber received over 32,000 appeals from businesspeople, including 28 percent of proposals for tax incentives and 59 percent on the rental of premises and offices. 22 percent of entrepreneurs faced difficulties in remunerating their employees, while 5 percent in paying utilities. There are also many appeals for labor support.

 

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