Entrepreneurs investing in
science in Kazakhstan will receive a comprehensive package of support and
incentives beyond tax benefits. The Mazhilis, the lower house of the Kazakh Parliament,
has passed a law and accompanying regulations on the development of domestic
research. These legislative measures aim to enhance the legal framework of
state scientific and technological policy. The law also defines the relevant
norms related to determining the status of the National Academy of Sciences and
improving the structure of the science management system. Mazhilis members took
into account mechanisms for financing the industry.
“During the legislative process,
Mazhilis members made relevant amendments. Firstly, the procedure for granting
the status of a research university has been regulated. Additionally, tax incentives
will be provided to support the establishment of scientific centers within
research universities. It is proposed to reduce taxes for entrepreneurs who
implement Kazakhstan’s scientific achievements into industrial operation,
including through reduction of taxable income related to research and
development expenses. A 50 percent reduction of taxable income is envisaged for
private companies,” said Mazhilis member Tansaule Serikov.
