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Issues of taxation and other obligatory payments were discussed in the Senate

29.11.2023 263

Deputies of the Senate Committee on Finance and Budget at an extended meeting discussed the Law «On Amendments and Additions to the Code of the Republic of Kazakhstan «On Taxes and Other Mandatory Payments to the Budget» (Tax Code) and the Law of the Republic of Kazakhstan «On the Entry into Force of the Code of the Republic of Kazakhstan «On taxes and other obligatory payments to the budget» (Tax Code)».

The document was developed in order to implement the instructions of the Head of State, as well as to resolve current taxation issues. The law is aimed at stimulating investment attraction, development of the business environment, and simplification of tax administration.

The senators also reviewed the Law «On Amendments and Additions to Certain Legislative Acts of the Republic of Kazakhstan on Taxation Issues», aimed at bringing it into compliance with the Tax Code in terms of introducing the institution of deferment of state duties when going to court.

According to the senators, the adoption of the Laws will help improve tax policy, create a favorable business environment, implement strategic goals and create conditions for further stable socio-economic development of the country.

Based on the results of the discussion, the Committee members decided to send the Law for consideration at a meeting of the Chamber.

(Press service of the Senate, 74-72-27. Photo - A. Baizhumanov)

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