Article 712-3. The procedure for reducing tax liabilities from the amount of the taxpayer's actual expenses of the Code on Taxes and Other Mandatory Payments to the Budget (Tax Code) of the Republic of Kazakhstan

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Article 712-3. The procedure for reducing tax liabilities from the amount of the taxpayer's actual expenses of the Code on Taxes and Other Mandatory Payments to the Budget (Tax Code) of the Republic of Kazakhstan

From January 1, 2026, to invalidate the Code of the Republic of Kazakhstan dated December 25, 2017 "On Taxes and Other Mandatory payments to the Budget" (Tax Code) in connection with the entry into force of the Tax Code dated July 18, 2025 No. 214-VIII SAM.

1. The reduction of the tax obligations of the person who concluded the investment agreement by the amount of the actual costs of the investment project is carried out if such a reduction is provided for in the investment agreement.

An investment agreement may provide for such a reduction in tax liabilities only when making investments within the framework of an investment project in the amount of at least fifteen million times the monthly calculation index established by the law on the republican budget and effective at the beginning of the fiscal year in which such an agreement was concluded.

The provisions of this paragraph shall not apply to persons who have concluded an investment agreement when carrying out their activities in the territory of the special economic zone.

2. When concluding an investment agreement with a taxpayer, the state authorized body shall calculate tax preferences, taking into account the fact that the effect of preferences for corporate income tax, land tax and property tax and reduction of tax liabilities for these taxes will not exceed the amount of the taxpayer's actual expenses within the limits of the investments made.

3. The reduction of a taxpayer's tax obligations under corporate income tax, land tax and property tax by the amount of actual investment project expenses is applied after the expiration of ten years of application of preferences for these taxes within the term of the investment agreement, which does not exceed twenty-five years. The taxpayer's tax obligations are reduced in the amount of no more than twenty percent of the actual expenses incurred during the implementation of the investment project.

The period specified in the first part of this paragraph shall be applied subject to the provisions of Article 712-2 of this Code.

President

Republic of Kazakhstan

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