KazakhstanAccounting and Audit
GENERAL
Inwards Investors into Kazakstan may be interested in the recently published draft tax legislation relating to the exploitation of mineral resources.
The draft legislation prepared by the Central Tax Inspectorate of the Ministry of Finance was presented to Investors and their advisors on 21 March 1996 who were invited under the auspices of the International Tax and Investment Centre to comment on the proposed reforms.
This appears to be the first time that the Tax Inspectorate have offered Investors and their advisors the opportunity to discuss proposed changes to the Tax Code. Whilst it is too early to suggest that this heralds a trend in open government in the Republic of Kazakstan the opportunity was extremely welcome.
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