Dear Askar Uzakbaevich!
Dear Colleagues!
Pursuant to the instructions of the Head of State regarding business support and ensuring stability in the labor market, a package of urgent measures is being developed, which includes 7 main areas.
This includes affordable financing, guarantees, tax incentives, reduced business audits and employment.
The first one. For entrepreneurs, it will be envisaged to increase access to tenge financing within the framework of synchronizing the DKB-2025 and Economics of Simple Things programs.
First, lending will be expanded by 400 billion tenge to 1 trillion. tenge.
The funds will be primarily provided to domestic producers to reduce import dependence and ensure food security.
According to the state program "DKB - 2025" the upper threshold of the loan will be increased to 7 billion tenge. To cover current expenses, it is proposed to expand financing of working capital of the business.
Secondly, the final rate will be unified and amount to 6%.
Thirdly, industry restrictions in DKB 2025 will be lifted and the list of priority goods in the Economics of Simple Things program expanded.
The second one. To solve the issue of shortage of collateral, it is proposed to increase the loan amount to KZT 1 billion, under which the guarantee will be provided in the amount of 50% within the framework of the “DCB 2025” program for medium-sized businesses.
For micro and small businesses it is proposed to increase the loan amount to 360 million tenge with guarantees up to 85%.
In general, the mechanism for issuing guarantees will be simplified.
The third. In the current period, it is proposed to reduce the number of inspections of medium-sized businesses. It should be noted that a moratorium is already in force on inspections of micro and small businesses.
Fourth. Tax incentives are provided for certain categories of SMEs. These are large objects of trade, cinemas, theaters, exhibitions, sports facilities.
It is proposed to exempt this category from property tax for legal entities and individual entrepreneurs for a period of one year. Suspend penalties for one quarter. To postpone the period of tax reporting for the 3rd quarter.
Fifth. In addition to increasing lending to agribusiness entities, tax incentives are provided.
It is supposed to exempt from VAT on the import of biological assets of the agricultural sector, including cattle and pedigree chickens. Also, almost 7 thousand agricultural producers will be exempt from paying tax on agricultural land.
Sixth. It is proposed to exempt individual entrepreneurs working in a generally established manner from income taxes.
It should be noted that the income of entrepreneurs working under special tax regimes has already been exempted from taxes from the beginning of this year. We consider it possible to support entrepreneurs using the generally established regime.
Seventh. A new Employment Roadmap is being developed to ensure stability in the labor market.
Total financing will amount to 300 billion tenge.
120 thousand jobs will be created through the implementation of new infrastructure projects in the regions, selected on the basis of the results of the screening.
The implementation of such projects will solve the most pressing problems of the population, such as repair of roads, bridges, reconstruction of housing and communal services and social infrastructure.
As the Head of State said in a televised address yesterday, at least 300 billion tenge will be allocated to support entrepreneurs and create new jobs.
The issues of subsidizing loans and providing tax incentives were additionally worked out, and additional tenge liquidity of up to 400 billion tenge will be provided as part of the Simple Things Economy Program.
In addition to maintaining business activity, this will create 200 thousand new jobs.
In general, this package of urgent measures will have a stabilizing effect on the labor market and economy.
Thank you for attention!