In his state-of-the-nation address, President Kassym-Jomart Tokayev highlighted the need to improve tax legislation. Despite the recent adoption of a new Tax Code, its implementation has revealed issues that need to be addressed. Experts believe it is important to take entrepreneurs’ concerns into account, make tax regulations clearer for citizens and businesses, and establish clear rules governing interaction with the state. At the same time, any changes should not affect the fundamental principles of tax policy. Overall, improvements to the legislation should be responsive to modern economic conditions, protect the interests of citizens and entrepreneurs, support investment and create favourable conditions for the development of Kazakhstan’s economy.
«The implementation of the new Tax Code has shown that certain adjustments are needed. This is not about conceptual changes to tax policy or the Tax Code. However, taking into account the established practice of applying tax provisions and the issues raised by entrepreneurs today, targeted amendments to the tax legislation are necessary. First and foremost, the aim is to make tax legislation easier to understand. As the Head of State also noted yesterday, our laws are very difficult to understand, and we must make them as clear as possible,» noted Zhanara Dzhigitekova, Director, Institute of Legislation and Legal Information, Kazakh Ministry of Justice.
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