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

Article 712-3. The procedure for reducing tax liabilities from the number of actual costs of the taxpayer

1. Reducing the tax liabilities of a person who has entered into an investment agreement by the number of actual expenses on an investment project shall be made if such a reduction is provided for in the investment agreement.

Investment agreement may provide for such a reduction in tax liabilities only when making investments within the framework of an investment project in the amount of at least fifteen million times the monthly calculation index established by the law on the republican budget and in force at the beginning of the financial year in which such an agreement was concluded.

The provisions of this paragraph shall not apply to persons who have concluded an investment agreement when they carry out activities in the territory of the special economic zone.

2. When concluding an investment agreement with a taxpayer, the state authorized body shall calculate preferences for taxes, taking into account the fact that the effect of preferences for corporate income tax, land tax and property tax and the reduction of tax liabilities for these taxes will not exceed the number of actual expenses of the taxpayer within investments made.

3. The reduction of the taxpayer's tax liabilities for corporate income tax, land tax and property tax by the number of actual expenses on the investment project is applied after the expiration of ten years of applying preferences for these taxes within the term of the investment agreement, which does not exceed twenty-five years. The reduction of tax liabilities of the taxpayer shall be made in the amount of not more than twenty percent of the actual expenses incurred during the implementation of the investment project.

The term specified in the first part of this paragraph shall be applied subject to the provisions of Article 712-2 of this Code.
Chapter 80-2. Taxation of persons who entered into an agreement on investment obligations

Footnote. Section 21 is supplemented by the Chapter 80-2 in accordance with the Law of the Republic of Kazakhstan dated 20.12.2021 No. 85-VII (shall be enforced from 01.01.2022).