The Minister of National Economy of Kazakhstan, Alibek Kuantirov, told the CCS about the measures taken by the authorities to return the funds withdrawn from the country, Kazpravda.kz correspondent reports.
“If we take, for example, attracting foreign direct investment, we have a large volume: over 30 years, this is more than 400 billion dollars. More than a dozen billion were withdrawn, but it is difficult to say the exact amount here. But this is probably about 100 or more than billions of dollars,” Kuantirov said.
Meanwhile, according to him, there are different mechanisms for the return of these funds.
“There are tax and non-tax incentive measures. We are now actively working on tax issues. On the one hand, this is to prevent further outflow, and, for example, one of the tax measures is to remove the dividend benefit that investors did not pay and, accordingly, could withdraw the parent company or purchase some services. There are also measures to encourage returns. Here we will also provide them with certain preferences. We are all working on these measures, and, moreover, we have them in the draft urgent law on amendments to the Tax Code,” the speaker summed up.
