The New Antitrust Regulation - Taxation Of Subsoil Users

Kazakhstan floats its national currency, tenge, allowing the market to determine the tenge rate. Despite uncertainty in the strength of local currency, Kazakhstan is still pursuing the attraction of new investments in the domestic market, including the coming EXPO-2017. This issue of the Market eyesight will focus on the country's decision to float tenge, as well as new legal conditions for the investors in certain sectors of economy.

Taxation of Subsoil Users

The Government of Kazakhstan will reduce the rate of the oil and gas, mining and chemical industries starting from September, 2015.

Following certain analytical researches of oil and gas companies and reduce the tax rate in order to stimulate the operations. This is the opportunity to reduce the general tax burden on such companies by 80%, around 46 billion tenge.

The Government is also planning to issue a number of

The New Antitrust Regulation

By 2017 Kazakhstan will move to the OECD standards

This will allow investors to plan their costs, and will tighten control over the implementation of investment programs.

EXPO 2017 Participants

India along with China have expressed willingness to participate in the Expo 2017 in Kazakhstan.

The participation might give a new impulse to the strengthening of Kazakh-Indian strategic partnership, along with opening new areas of cooperation, in particular in the field of «green» energy.

R. Zhoshybayev (the First Deputy Minister of Foreign Affairs) met representatives of the Ministries of Foreign Affairs, Trade and Industry, Tourism in India, India Trade Promotion Organization (ITPO), the Association of Tour Operators, as well as high-level representatives of the Confederation of Indian Industry along with leading Indian companies in the field of renewable energy sources in Bangalore.

During the meeting, the Ministry of Commerce and Industry of India discussed issues of bilateral trade and economic relations, prospects of cooperation in...