Investment activity - Exemption from customs duties

DUTTY FREE IMPORT

A legal entity of the Republic of Kazakhstan implementing an investment project under an investment contract is exempt from customs duties when importing technological equipment, components and spare parts for it, raw materials and (or) materials in accordance with the  legislation  of the Republic of Kazakhstan.

The leasing company is exempt from customs duties when importing technological equipment supplied as part of the implementation of the investment project on the basis of a financial leasing agreement for a legal entity of the Republic of Kazakhstan implementing the investment project.

Exemption from customs duties on the import of technological equipment and components for it is granted for the duration of the investment contract,  but not more than five years from the date of registration of the investment contract. Notification of this decision is sent by the authorized body for investments within five working days to the customs body.

Goods, components and raw materials

• Technological equipment  refers to goods intended for use in the technological process of an investment project.
• Components are understood as  components that together make up the structural integrity of the process equipment.
• A raw material and (or) material is understood as  any mineral, component, part or other product used to obtain finished products through a technological process.

A legal entity of the Republic of Kazakhstan implementing a special investment project under a special investment contract is exempt from customs duties when importing technological equipment, components and spare parts for it, raw materials and (or) materials, as well as raw materials and (or) materials as part of a finished products manufactured in the territory of a special economic zone or a free warehouse, in accordance with the legislation of the Republic of Kazakhstan.

Release dates

Exemption from customs duties on the import of technological equipment and components for it is granted for the duration of the investment contract, but not more than five years from the date of registration of the investment contract.

Exemption from customs duty on the import of spare parts for technological equipment for a period of up to five years is granted to legal entities of the Republic of Kazakhstan, depending on the volume of investments in fixed assets and if the investment project complies with the list of priority activities approved by the Government of the Republic of Kazakhstan.

Exemption from customs duties on the import of raw materials and (or) materials is granted for a period of five years from the date of commissioning of fixed assets under the work program.

The work program is an annex to the investment contract, which determines the calendar schedule for the implementation of the investment project before putting production into operation.

If the work program provides for the commissioning of two or more fixed assets, the calculation of the period for exemption from customs duty on the import of spare parts for technological equipment, raw materials and (or) materials is carried out from the date when the first fixed asset was put into operation under the work program.