A commission on recovery of the capital from abroad was established in Kazakhstan. Five working groups will analyze the outflow of the capital from the country. This was reported during a meeting chaired by Kazakh Prime Minister Alikhan Smailov. The measures include a proposal to empower the State Revenue Committee of the Kazakh Finance Ministry with the functions of exchange control. It was also offered to reimburse VAT charged to recovery in a simplified manner, subject to the conversion of foreign exchange earnings by 80 percent. Another measure could be the abolition of tax benefits when paying dividends to non-residents.
Translation by Saniya Sakenova
Editing by Galiya Khassenkhanova
Web-editor: Admin
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