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2009 budget revenues made over KZT 3.5 trln - Ministry of Finances

ASTANA. 04.02.2010. KAZINFORM /Kanat Kulshmanov/ According to preliminary results, budget revenues in 2009 made more than KZT 3.5 trln. Minister of Finances Bulat Zhamishev has made it public at an enlarged sitting of the board in Astana today. "Budget revenues in 2009 without consideration of proceeds of loans made KZT 3 trln 510 bln and were utilized by 100.4%. Budget incomes made KZT 3 trln 505 bln or 100.5% ", the Minister clarified. Tax revenues were utilized by 104.8% and made KZT 2 trln 228 bln, B. Zhamishev said. *** Finance Ministry to prepare conception project on adoption of overall income declaration ASTANA. 04.02.2010. KAZINFORM /Rassul Bakhamov/ Kazakh Ministry of Finance must prepare conception project on adoption of overall income declaration by March 1, 2010; Prime Minister Karim Massimov has given such an instruction to the Ministry today at the meeting of the board. "In developed countries 60% of tax revenues are provided by individuals whereas physical persons in our country provide only about 10% of tax revenues. In regard to this issue we must study foreign experience and the world's best practice", K. Massimov said. He stressed that the individual tax assessment in the country is one of the lowest in the world. Though every citizen must pay taxes the practice shows that the situation is different. One of the problems is the taxation for individual market salesmen. The Premier thinks it is necessary to study two issues as the system of general income declaration and the issue on non-recurrent market coupons. The work on introduction of fiscal measures must be completed by January 1, 2013.


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