Kazakhstan may introduce a new three-year moratorium on inspections of micro and small businesses starting next year. In his state-of-the-nation address, President Kassym-Jomart Tokayev called on members of the Kurultai and the government to review the results of the previous moratorium and develop proposals. The President also emphasized the need to improve tax policy, simplify tax administration and ease the burden on small and medium-sized enterprises (SMEs). The proposed support measures are already being discussed by business representatives and lawmakers, who say the initiatives are timely and could provide effective support for SMEs.
«I would like to highlight several positive developments: first and foremost, support for small and medium-sized businesses through the introduction of a moratorium. However, the timeframe has yet to be determined. The Head of State called for a review of the previous moratorium and the development of well-considered proposals. There will be relief measures, and the details will be discussed as work progresses,» said Olzhas Nuraldinov, a member of the Kurultai of the Republic of Kazakhstan.
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