Kazakhstan Notes Tax Benefits for Manufacturing Industry and Exporters

Kazakhstan's State Revenue Committee recently issued a release on income tax and VAT benefits for the manufacturing industry. As previously reported, the benefits were introduced by changes in the Tax Code via Law No. 52-VII of 24 June 2021 and include:

• A corporate income tax exemption on profits reinvested by small manufacturing businesses in new fixed assets for the development of production, including reinvestments in the acquisition or construction of qualifying industrial buildings and…