Investment activity - Agreement on investment

Agreement on investment

Investment Commitment Agreement - an agreement concluded between the Government of the Republic of Kazakhstan and a legal entity, providing for the obligations of the legal entity to finance capitalized subsequent expenses and (or) expenses for the acquisition, production, construction of new fixed assets, as well as to finance other expenses that increase the value of fixed assets in accordance with international financial reporting standards and (or) the requirements of the legislation of the Republic of Kazakhstan on accounting and financial reporting, for eight years, including the year of filing an application for concluding such an agreement, in a total amount of no less than seventy-five million times the monthly calculation indicator established by the law on the republican budget and effective as of January 1 of the year in which the application for its conclusion is filed

In the event of concluding an agreement on investment obligations with a legal entity operating in the field of extraction and (or) processing of solid minerals, such agreement shall be concluded exclusively for activities in the field of extraction and (or) processing of solid minerals.

Preferences:

TAX STABILITY for 10 years

A taxpayer (tax agent) who has entered into an agreement on investment obligations shall calculate the tax obligation in accordance with the tax regime in effect at the time of entering into the said agreement, for ten years starting from January 1 of the year in which such an agreement is entered into (guarantee of stability of the tax legislation of the Republic of Kazakhstan) for the following taxes:

1) VAT and excise tax;

2) payment for emissions into the environment;

3) IPC;

4) CIT withheld at the source of payment.

To conclude an agreement, the applicant applies to the authorized investment body with the following documents in the state and Russian languages ​​on paper:

1) an application for the conclusion of an agreement in the form in accordance with Appendix 1 to these Rules;

2) a copy of the applicant’s charter;

3) a certificate of state registration (re-registration) of the applicant;

4) copies of documents confirming the financial solvency of the applicant;

5) a business plan developed in accordance with the requirements for drawing up a business plan for an investment project, in accordance with Appendix 2 to these Rules;

6) the conclusion of a comprehensive non-departmental examination of construction projects, certified by the signature of the manager, in the manner determined by the legislation of the Republic of Kazakhstan.

The documents provided for in subparagraphs 5) and 6) of this paragraph of the Rules shall be attached when implementing investment projects.