Majilis OKs bill related to legalization of property
11:38, 28 May 2014
ASTANA. KAZINFORM - Today, Majilis, lower chamber of the Kazakh Parliament, has approved in the first reading the bill "On amnesty of citizens of Kazakhstan, oralmans (repatriates) and individuals with residence permit in connection with legalization of property".
"Money, securities, interest in the charter capital, constructions and property outside Kazakhstan can be legalized in the country in the nearest future," Minister of Finance Bakhyt Sultanov said, introducing the bill. The minister stressed, however, that property embezzled as a result of a crime cannot be legalized. The campaign on legalization of property in Kazakhstan is due to run from September 1, 2014 till December 31, 2015. Subjects of legalization will be exempt from income tax.