On the amendments have been made to changing the deadlines for fulfilling a tax obligation to pay taxes and (or) fees. Investment tax credit.

On the amendments have been made to changing the deadlines for fulfilling a tax obligation to pay taxes and (or) fees. Investment tax credit. An investment tax credit is a change in the term of payment of taxes for upcoming periods, in which taxpayers are given the opportunity to reduce their tax payments up to 100 percent over a certain period of time, followed by a stage-by-stage payment of the loan amount. An investment tax credit can be provided for corporate income tax and (or) property tax for up to three years. The procedure for reduction of tax payments is stipulated by a concluded agreement on an investment tax credit. If a taxpayer has a loss, the transfer of a loss is carried out in accordance with the procedure defined by the article on the transfer of losses of the Tax Code. At the same time, the term of the investment tax credit is not extended. Decision on provision of an investment tax credit is made based on a taxpayer`s application and is executed through an agreement in an established format between an applicant and an authorized agency in the field of investments. An investment tax credit is provided to the taxpayers based on an agreement concluded on an investment tax credit. The investment tax credit is terminated upon the expiration of the relevant decision or agreement. The investment tax credit is terminated, including before the appointed time, in the following cases: 1) payment by the taxpayer of the entire amount of taxes and (or) fees before the the deadline; 2) violations by the taxpayer of the conditions attached to granting an investment tax credit for the payment of taxes and (or) fees; 3) by court order. The decision to change the deadline for fulfilling the tax obligation to pay taxes and (or) fees is terminated by the tax authority that made this decision with a notice to the taxpayer of the rescission of the decision to change the deadline for the fulfilling the tax obligation to pay taxes and (or) fees within five working days from the date of the decision. If, within the term of the investment tax credit agreement, the taxpayer violates the conditions established by the agreement for the sale or transfer to possession, use or disposal to other persons of equipment or other property, the purchase of which was the basis for granting an investment tax credit, the taxpayer is obliged to pay all previously unpaid amounts of tax in accordance with the agreement, as well as the corresponding penalties accrued for each calendar day of the agreement on the investment tax credit in the amount of 1.25 times the base rate of the National Bank of the Republic of Kazakhstan on the payment date for the period from the conclusion to the termination of the agreement during the tax period following the reporting period from the date of termination of the investment tax credit agreement.

An investment tax credit is a change in the term of payment of taxes for upcoming periods, in which taxpayers are given the opportunity to reduce their tax payments up to 100 percent over a certain period of time, followed by a stage-by-stage payment of the loan amount.

An investment tax credit can be provided for corporate income tax and (or) property tax for up to three years.

The procedure for reduction of tax payments is stipulated by a concluded agreement on an investment tax credit.

If a taxpayer has a loss, the transfer of a loss is carried out in accordance with the procedure defined by the article on the transfer of losses of the Tax Code. At the same time, the term of the investment tax credit is not extended.

Decision on provision of an investment tax credit is made based on a taxpayer`s application and is executed through an agreement in an established format between an applicant and an authorized agency in the field of investments.

An investment tax credit is provided to the taxpayers based on an agreement concluded on an investment tax credit.

The investment tax credit is terminated upon the expiration of the relevant decision or agreement.

The investment tax credit is terminated, including before the appointed time, in the following cases:

1) payment by the taxpayer of the entire amount of taxes and (or) fees before the the deadline;

2) violations by the taxpayer of the conditions attached to granting an investment tax credit for the payment of taxes and (or) fees;

3) by court order.

The decision to change the deadline for fulfilling the tax obligation to pay taxes and (or) fees is terminated by the tax authority that made this decision with a notice to the taxpayer of the rescission of the decision to change the deadline for the fulfilling the tax obligation to pay taxes and (or) fees within five working days from the date of the decision.

If, within the term of the investment tax credit agreement, the taxpayer violates the conditions established by the agreement for the sale or transfer to possession, use or disposal to other persons of equipment or other property, the purchase of which was the basis for granting an investment tax credit, the taxpayer is obliged to pay all previously unpaid amounts of tax in accordance with the agreement, as well as the corresponding penalties accrued for each calendar day of the agreement on the investment tax credit in the amount of 1.25 times the base rate of the National Bank of the Republic of Kazakhstan on the payment date for the period from the conclusion to the termination of the agreement during the tax period following the reporting period from the date of termination of the investment tax credit agreement.

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Tax administration