Kazakh Ministry of National Economy proposes differentiated corporate income tax ratesDifferentiated rates of corporate income tax (CIT) will be introduced in Kazakhstan, Deputy Minister of National Economy Azamat Amrin said."The head of state said that we need to introduce differentiated tax rates in the economic sectors. We have conducted some studies and proposed differentiated rates for the corporate income tax, but the base rate of 20% will still remain," Amrin said at a Monday briefing where he talked about the New Tax Code.A higher rate of 25% will be set for the banking sector and the gambling businesses. However, a 20% rate will be applied to the banks whenever they finance the real sector of the economy, according to Amrin."A 10% rate will be set for the high-value manufacturing industry and for financial leasing and social services (education and healthcare)," Amrin said.Today’s 3% rate for agricultural producers will remain unchanged, he added.The New Tax Code will come into force in 2025. (ICE ALMATY)

Fonte notizia: INTERFAX