On taxes and other obligatory payments to the budget (Tax Code)

Article 49-1.Ivestment tax credit

1. An investment tax credit is a change in the deadline for paying taxes for the upcoming periods, in which taxpayers are given the opportunity to reduce their tax payments by 100 percent within a certain period, followed by a phased payment of the loan amount.

An investment tax credit may be granted on corporate income tax and/or property tax for up to three years.

2. The procedure for reducing tax payments shall be determined by the concluded agreement on an investment tax credit.

3. If the taxpayer has a loss, the transfer of the loss is carried out in the manner prescribed by Article 300 of this Code. Furthermore, the term of the investment tax credit shall not be extended.

Footnote. Chapter 6 is supplemented by Article 49-1 in accordance with the Law of the Republic of Kazakhstan dated 10.12.2020 No. 382-VI (effective from 01.01.2021).



Article 50. The body authorized to make a decision on changing the deadline for the fulfillment of a tax obligation to pay taxes and (or) fees or to grant an investment tax credit

Footnote. The heading of Article 50 as amended by the Law of the Republic of Kazakhstan dated 10.12.2020 No. 382-VI (effective from 01.01.2021).

1. A decision on changing a deadline for the fulfillment of a tax obligation to pay taxes and (or) fees received by the state budget, and also those distributed between the state and local budgets, shall be made by a tax authority at the location of a taxpayer.

2. A decision on changing a deadline for the fulfillment of a tax obligation to pay taxes and (or) fees received in full by local budgets shall be made by a tax authority at the place of their payment, specified by the Special Part of this Code.

3. The decision to grant an investment tax credit shall be made on the basis of a taxpayer's application and formalized by an agreement in the established form between the applicant and the authorized investment body.

An investment tax credit agreement must contain the following provisions:

procedure for reducing tax payments;

duration of the agreement;

a ban on the sale or transfer into possession, use or disposal of equipment or other property to other persons, the acquisition of which by the taxpayer was a condition for granting an investment tax credit;

responsibilities of the parties.

The taxpayer shall send a copy of the agreement to the tax authority at the taxpayer’s registration place no later than five calendar days from the date of its submission to the authorized body for investments.

The procedure for concluding an agreement on an investment tax credit for obtaining an investment tax credit shall be determined by the authorized body for investments in agreement with the authorized body and the central authorized body for state planning.

Footnote. Article 50 as amended by the Law of the Republic of Kazakhstan dated 10.12.2020 No. 382-VI (effective from 01.01.2021).