Kazakhstan To Exempt EXPO-2017 Facilities From Tax

by Tatiana Smolenska, Tax-News.com, Moscow

11 November 2013

The Kazakh Minister of Economy and Budget Planning, Yerbolat Dosayev, said on November 07, 2013 that facilities for EXPO-2017, which is to be held in the city of Astana, will be exempt from tax.

"The Tax Code is amended regarding the exemption of national companies from corporate income, land and property tax," the minister said. "These changes are necessary to fulfill commitments within the contest among the candidate countries for holding EXPO- 2017. Moreover, a technical dossier envisages that the construction of EXPO-2017 facilities will be exempt from corporate income tax and tax on property and land."

Dosayev also said that organizations involved in the design and construction of the exhibition facilities may be exempted from corporate income tax. A list of qualifying companies will be drawn up by the government.

TAGS: tax | Kazakhstan | construction | Economy | Tax

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