Economy Ministry: With corporate income tax at 20% budget income will grow by KZT 83 bln in 2010
ASTANA. September 22. KAZINFORM /Muratbek Makulbekov/ The 'National Budget 2012' and 'Guaranteed Transfer from the National Fund of Kazakhstan for 2010-2012' bills have been discussed at the session of the Majilis Committee for International Affairs, Defense and Security today. Presenting the draft documents Lena Karmazina, Vice Minister of Economy and Budget Planning, said that the prognosis of budget and National Fund revenues is based on the scenario of fluctuation of Brent oil prices in 2010 within USD 50 and USD 60 - in 2011 and 2012. According to the Vice-Minister, the draft law implies cancellation of targeted transfers in order to accrue money in the National Fund. The corporate income tax rate is forecast to remain at 20% in 2010-2012, though earlier it was expected to reduce by 15% in the next three years. However, according to the Vice Minister, keeping the tax rate at 20% will increase budget income by KZT 83 bln in 2010 and by KZT 220 bln in 2011 and 2012.