ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of December 31, 2019 No. 1061

About modification and amendments in the orders of the Government of the Republic of Kazakhstan of April 19, 2016 No. 234 "About some measures of the state support of private entrepreneurship" and of December 11, 2018 No. 820 "About some questions of ensuring long-term tengovy liquidity for the solution of task of available crediting"

The government of the Republic of Kazakhstan DECIDES:

1. Bring the following changes and amendment in some decisions of the Government of the Republic of Kazakhstan:

1) in the order of the Government of the Republic of Kazakhstan of April 19, 2016 No. 234 "About some measures of the state support of private entrepreneurship" (SAPP of the Republic of Kazakhstan, 2016, Art. No. 25-26, 139):

in Rules of subsidizing of part of rate of remuneration within the State program of support and business development "The road map of business-2020" approved by the specified resolution:

state Items 72-2 and 72-3 in the following edition:

"72-2. The new and operating credits issued (issued) by banks on investment and replenishment of current assets (including on renewable basis) within the inventory (services) in projects are subject to subsidizing:

on conversion in agro-industrial complex according to appendix 8 to these rules of subsidizing;

on production in agro-industrial complex according to appendix 9 to these rules of subsidizing;

on processing industry and services according to appendix 10 to these rules of subsidizing.

At the same time the operating credits are understood as the credits issued by banks after entry into force of the order of the Government of the Republic of Kazakhstan of December 11, 2018 to No. 820 "About some questions of ensuring long-term tengovy liquidity for the solution of task of available crediting".

At the same time subsidizing of the credit for replenishment of current assets on which the size of current assets shall not exceed 50% of credit amount within one project of the borrower is allowed.

This restriction does not extend to financing of projects on production and conversion in agro-industrial complex which is performed at the expense of own means of banks.

Refinancing from other bank, and also on purchase of shares is not allowed.

state Item 72-10 in the following edition:

"72-10. Subsidizing term on the credits directed to investments constitutes no more than 10 (ten) years without the right of prolongation of term of subsidizing.

The term of subsidizing of the credits allocated for replenishment of current assets constitutes no more than 3 (three) years without the right of prolongation of term of subsidizing. If on one project several agreements of subsidizing are signed, aggregate term of subsidizing is established from the date of signing of the first agreement of subsidizing by the financial agency.

Action of this Item extends to the relations which arose since December 11, 2018.";

add with Item 72-16 of the following content:

"72-16. In case of 100% financing on the purpose of replenishment of current assets on projects of conversion in agro-industrial complex at the expense of own means of banks and production in agro-industrial complex within the mechanism the following selection criteria are established:

lack of overdue tax debt at the time of application;

financing on the purpose of carrying out calculations for tax and other obligatory payments, payment of the current payments on servicing of the credits, loans and agreements of leasing is not allowed.";

2) of Item 75 to state the subitem in the following edition:

"2) the business plan of the project of the entrepreneur containing:

terms of ensuring participation in project implementation of own means (money, personal/real estate) and/or property of the third parties (under credits/agreements of financial leasing over 180 (hundred eighty) million tenges) within the Program (at the same time such participation of property shall be provided at the level of not lower than 10% of total cost of project implementation);

stages on achievement of growth of the income, increase in annual average number of workplaces on the basis of data on compulsory pension contributions and (or) social assignments and growth of amount of payable taxes by 10% after 2 (two) financial years from the date of adoption by the financial agency of the decision on subsidizing (the requirement of this paragraph extends to cases of filing of application on participation within the first direction of the Program / on projects of entrepreneurs - small business entities within the second direction of the Program);

on the mechanism:

preserving/increase in workplaces or growth of the income by 10% after 3 (three) financial years from the date of the decision of working body / the financial agency about subsidizing on the borrowing facilities issued 100% for the investment purposes;

preserving/increase in workplaces and/or tax payments and/or production volume (in terms of money), and/or growth of the income for 10% after 2 (two) financial years from the date of the decision of working body / the financial agency about subsidizing on the borrowing facilities issued on the investment purposes and replenishment of current assets in the amount of no more than 50% within one project of the borrower. The companies, not tax-exempt, provide increase in tax payments according to requirements of the mechanism;

preserving/increase in workplaces and/or tax payments, increase in production volume (in terms of money) and growth of the income for 10% following the results of 1 (one) from the date of the decision of working body / the financial agency about subsidizing on the borrowing facilities issued on the purpose of 100% of replenishment of current assets. The companies, not tax-exempt, provide increase in tax payments according to requirements of the mechanism;";

state Item 79-1 in the following edition:

"79-1. Within the mechanism the project is considered by the financial agency within 5 (five) working days from the date of receipt of documents and necessary information.

The decision of the financial agency with the conclusion of the relevant industry central authorized body is submitted within 15 (fifteen) working days from the date of receipt of document package and necessary information from bank in the financial agency.

At the same time in case of adoption of the positive decision by authorized body of the financial agency, in the decision obligations of the subject of private entrepreneurship are specified on:

to preserving/increase in workplaces or growth of the income by 10% after 3 (three) financial years from the date of the decision of working body / the financial agency about subsidizing on the borrowing facilities issued 100% for the investment purposes;

to preserving/increase in workplaces and/or tax payments and/or production volume (in terms of money), and/or to growth of the income for 10% after 2 (two) financial years from the date of the decision of working body / the financial agency about subsidizing on the borrowing facilities issued on the investment purposes and replenishment of current assets in the amount of no more than 50% within one project of the borrower. The companies, not tax-exempt, provide increase in tax payments according to requirements of the mechanism;

to preserving/increase in workplaces and/or tax payments, increase in production volume (in terms of money) and to growth of the income for 10% following the results of 1 (one) from the date of the decision of working body / the financial agency about subsidizing on the borrowing facilities issued on the purpose of 100% of replenishment of current assets. The companies, not tax-exempt, provide increase in tax payments according to requirements of the mechanism.";

8) of Item 124 to state the subitem in the following edition:

"8) non-executions of obligations by entrepreneurs on reaching growth of the income and increase in annual average number of workplaces on the basis of data on compulsory pension contributions and (or) social assignments for 10% after 2 (two) financial years from the date of the decision of authorized body of the financial agency (on projects of entrepreneurs within the first direction of the Program, and also on projects of entrepreneurs - small business entities within the second direction of the Program), and also within the mechanism on:

to preserving/increase in workplaces or growth of the income by 10% after 3 (three) financial years from the date of the decision of working body / the financial agency about subsidizing on the borrowing facilities issued 100% for the investment purposes;

to preserving/increase in workplaces and/or tax payments and/or production volume (in terms of money), and/or to growth of the income for 10% after 2 (two) financial years from the date of the decision of working body / the financial agency about subsidizing on the borrowing facilities issued on the investment purposes and replenishment of current assets in the amount of no more than 50% within one project of the borrower. The companies, not tax-exempt, provide increase in tax payments according to requirements of the mechanism;

to preserving/increase in workplaces and/or tax payments, increase in production volume (in terms of money) and to growth of the income for 10% following the results of 1 (one) from the date of the decision of working body / the financial agency about subsidizing on the borrowing facilities issued on the purpose of 100% of replenishment of current assets. The companies, not tax-exempt, provide increase in tax payments according to requirements of the mechanism.".

"The road map of business-2020" to be reworded as follows appendix 10 to Rules of subsidizing of part of rate of remuneration within the State program of support and business development according to appendix 1 to this resolution;

in Rules of guaranteeing on the credits of subjects of small and medium entrepreneurship within the State program of support and business development "The road map of business-2020" approved by the specified resolution:

state Item 44-3 in the following edition:

"44-3. Within processing industry guaranteeing the credit directed to replenishment of current assets on which the size of current assets shall not exceed 50% of the project amount is allowed. Guaranteeing the credit which 100% are directed to replenishment of current assets is allowed if the size of this credit does not exceed 50% of the total credited project amount.

Within financing of projects of conversion in agro-industrial complex which is performed at the expense of own means of banks guaranteeing can be performed on the credit directed to replenishment of current assets (except for carrying out calculations for payment of the current payments on servicing of the credits or agreements of leasing) at the rate to 100% inclusive.";

state Item 55-4 in the following edition:

"55-4. In case of adoption by the financial agency of the positive/negative decision on provision (non-presentation) of guarantee, the financial agency within 2 (two) working days sends to bank the letter with the decision of the financial agency on possibility (impossibility) of guaranteeing with reflection of conditions:

preserving/increase in workplaces or growth of the income by 10% after 3 (three) financial years from the date of the decision of working body / the financial agency about guaranteeing on the borrowing facilities issued 100% for the investment purposes;

preserving/increase in workplaces and/or tax payments and/or production volume (in terms of money), and/or growth of the income for 10% after 2 (two) financial years from the date of the decision of working body / the financial agency about guaranteeing on the borrowing facilities issued on the investment purposes and replenishment of current assets in the amount of no more than 50% within one project of the borrower. The companies, not tax-exempt, provide increase in tax payments according to requirements of the mechanism;

preserving/increase in workplaces and/or tax payments, increases in production volume (in terms of money) and growth of the income for 10% following the results of 1 (one) from the date of the decision of working body / the financial agency about guaranteeing on the borrowing facilities issued on the purpose of 100% of replenishment of current assets. The companies, not tax-exempt, provide increase in tax payments according to requirements of the mechanism.";

state Item 62 in the following edition:

"62. The financial agency in case of identification of the facts of inappropriate use of the credit makes the decision on decrease in the amount of guarantee in proportion to credit amount, used for the inappropriate designated purpose.

If entrepreneur:

within the Program indicators of growth of the income and increase in annual average number of workplaces are not reached, on the basis of data on compulsory pension contributions and (or) social assignments for 10% after 2 (two) financial years from the date of the decision of the financial agency the agreement of guarantee is not cancelled;

within the mechanism conditions are not reached on:

to preserving/increase in workplaces or growth of the income by 10% after 3 (three) financial years from the date of the decision of working body / the financial agency about guaranteeing on the borrowing facilities issued 100% for the investment purposes;

to preserving/increase in workplaces and/or tax payments and/or production volume (in terms of money), and/or to growth of the income for 10% after 2 (two) financial years from the date of the decision of working body / the financial agency about guaranteeing on the borrowing facilities issued on the investment purposes and replenishment of current assets in the amount of no more than 50% within one project of the borrower. The companies, not tax-exempt, provide increase in tax payments according to requirements of the mechanism;

to preserving/increase in workplaces and/or tax payments, increase in production volume (in terms of money) and to growth of the income for 10% following the results of 1 (one) from the date of the decision of working body / the financial agency about guaranteeing on the borrowing facilities issued on the purpose of 100% of replenishment of current assets. The companies, not tax-exempt, provide increase in tax payments according to requirements of the mechanism. In case of not achievement of criteria the guarantee is not cancelled.";

on the credits of subjects of small and medium entrepreneurship within the State program of support and business development "The road map of business-2020" to be reworded as follows appendix 9 to Rules of guaranteeing according to appendix 2 to this resolution;

2) in the order of the Government of the Republic of Kazakhstan of December 11, 2018 No. 820 "About some questions of ensuring long-term tengovy liquidity for the solution of task of available crediting":

to be reworded as follows the mechanism of crediting of priority projects approved by the specified resolution according to appendix 3 to this resolution.

2. This resolution becomes effective from the date of its signing.

Appendix 1

to the Order of the Government of the Republic of Kazakhstan of December 31, 2019 No. 1061

Appendix 10

to Rules of subsidizing of part of rate of remuneration within the State program of support and business development "The road map of business-2020"

The inventory for subsidizing on the credits within projects on processing industry and services

№ of payment order	Name of group of goods	Name of the general qualifier of types of economic activity	General qualifier of types of economic activity	The list of products and goods at the exit
1	2	3	4	5
I. FOOD PRODUCTS
1	Products from meat and fowl	Production of products from meat and fowl	1013	Production of the dried, salted or smoked meat, ready rolls Production of meat products: sausages, salami, blood sausage, the matured dry sausage, cervelat, the Bologna smoked sausage, the head, rolls, boiled ham
2	Production of other food	Sugar production	1081	Production of sugar from sugar beet
		Production of cocoa, chocolate and sugary confectionery	1082	Production of chocolate and chocolates Production of sugar candies: caramel, cocoa, nougat, fondant, white chocolate Production of chewing gum Production of the candied fruit Production of nuts in chocolate, candied fruits Production of candies, small pillows, pastils
3	Baby food	Production of baby food and dietary foodstuff	1086	Production of the food used for special diets: baby food; additional milk and other food; food for children of younger age; low-calorie products and products with the lowered caloric content
4	Production of products of the flour-grinding industry, starches and starched products	Production of starch and products from starch	1062	Production of starch from rice, potatoes, corn, wheat Crushing of crude corn Production of glucose and (or) glucosic and fructose syrup, sugar syrup, maltose, inulin Production of gluten Production of corn oil
		Production of products of the flour-grinding and groat industry	1061	Production of dry bean grains, roots or stalks, or edible nuts Production of grain food, such as dry breakfasts Production of flour mixes and ready flour mixes and the test for bread, cakes, cakes, pies and biscuits, cookies or pancakes Production of wheaten flakes, rye, oat, corn or other grain flakes
5	Production of bakery and flour products	Production of crackers and cookies; production of the flour confectionery, cakes, cakes, pies and biscuits intended for long-term storage	1072	Production of crackers, cookies and other dry baking products Production of the flour confectionery and cakes, cakes, pies and biscuits intended for long-term storage Production of such products as cookies, crackers, pretzels, etc., salty and sweet
		Production of pasta	1073	Production of macaroni, noodles and (or) noodles and semifinished products from them (instant) Production of preserved or frozen goods from the test, including pasta
6	Ready foodstuff (commercially)	Production of the made foodstuff	1085	Production of meat dishes Production of fish dishes, including fish forcemeat Production of dishes from vegetables Production of the refrigerated pizza or the pizza prepared for storage by different ways
7	Conversion and conservation of fruit and vegetables	Production of fruit and vegetable juice	1032	Production of juice from fruit and (or) vegetables Production of concentrates from fresh fruit and vegetables

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