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Kazakh Parliament Approves Tax Incentives for Science Investors

in Economy / Kazakhstan - by


During a plenary session, members of the Mazhilis approved amendments in the first reading to the Tax Code regarding science, which includes tax preferences for private investors in science. The proposed changes aim to stimulate investments in scientific and technical activities, create favorable conditions for scientific development, and engage entrepreneurs in scientific and innovative activities.

The bill suggests reducing the taxable income by 50% for expenditures related to scientific, scientific-technical, and experimental-design work. This initiative was explained by Ashat Aimagambetov.

Previously, members of the Mazhilis approved amendments in the first reading to the law on science and technological policy, which included provisions for expanding social support for scientific workers.