EXPLANATORY NOTE

1

Name of the state body developing the draft:

State Institution “Department of Entrepreneurship of Uygur District”

2

Grounds for adopting the draft regulatory legal act with reference to the relevant legal acts:

Article 726 of the Tax Code of the Republic of Kazakhstan.

3

The need for financial expenditures under the draft regulatory legal act and its financial support, including sources of funding:

No financial expenditures are required.

4

Expected socio-economic, legal and/or other consequences in case of adoption of the draft regulatory legal act, as well as the impact of the draft provisions on ensuring national security:

Improved transparency of business entities’ activities.

5

Specific objectives and timeframes for the expected results:

To enhance entrepreneurial activity.

6

The need to bring legislation into conformity with the proposed draft regulatory legal act in case of its adoption, or the absence of such a need:

Not required.

7

Compliance of the draft regulatory legal act with international treaties ratified by the Republic of Kazakhstan and with decisions of international organizations of which the Republic of Kazakhstan is a member:

Not applicable.

8

Calculation results confirming the reduction and/or increase of costs for private business entities due to the implementation of the draft regulatory legal act:

Not applicable.