The innovations in the Tax Code of the Republic of Kazakhstan provide for preventive measures and are designed to facilitate the payment of taxes by both legal entities and individuals.
If an entrepreneur directs income for reinvestment in new fixed assets, this income will not be subject to CPN. This measure is provided for in order to improve the investment climate and the development of the manufacturing industry, so small businesses in the manufacturing industry do not impose CPN on profits that will be reinvested in the development of production (purchase or construction of buildings and structures for industrial purposes).
The deduction of remuneration expenses for intra-group loans is provided for the purpose of granting the right to deduct remuneration expenses for loans received by subsidiaries from the national parent company.
The correspondence of the norms of the Tax Code with the legislation on the cotton industry is provided in connection with the adoption of the Law of the Republic of Kazakhstan "On amendments to certain Legislative Acts of the Republic of Kazakhstan on the cotton industry and the recognition of the Law of the Republic of Kazakhstan "On the Development of the cotton industry"as invalid.