New Kazakhstan Tax Holiday for Fixed Asset Investment

On 12 June 2014, a new Kazakhstani tax holiday for qualifying investment projects was signed into law. The holiday applies to fixed asset investment projects contracted with the Kazakhstani government.

The benefits of the holiday include:

• A 10-year corporate income tax and land tax exemption
• An 8-year property tax exemption for fixed assets built in connection with the * investment project
• A rate freeze for levies and other mandatory charges in effect when the investment contract is concl…