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LAW OF THE REPUBLIC OF KAZAKHSTAN

of July 5, 2006 No. 157-III ZRK

About amnesty in connection with legalization of property

(as amended on 28-05-2012)

This Law governs the public relations connected with holding exclusively single action by the state on legalization of property by means of release of the citizens and legal entities who legalized property from the responsibility for making of separate crimes, administrative offenses and minor offenses provided by the laws of the Republic of Kazakhstan.

Article 1. The basic concepts used in this Law

In this Law the following basic concepts are used:

1) legalization of property - the procedure of recognition by the state of the rights to the property removed from legal economic circulation for the purpose of concealment of the income and (or) which is not drawn up according to the legislation of the Republic of Kazakhstan or drawn up on inadequate person;

2) subjects of legalization of property (further - subjects of legalization) - the citizens and legal entities of the Republic of Kazakhstan legalizing property according to the procedure, established by this Law;

3) the commission on carrying out legalization of property (daleekomissiya) - the commission created under local executive bodies and consisting of representatives of state bodies and the organizations, authorized on decision about legalization or about refusal in legalization of the real estate which is in the territory of the Republic of Kazakhstan, the rights to which are not drawn up according to the legislation of the Republic of Kazakhstan;

4) collection for legalization of property - obligatory, irrevocable payment in the budget for carrying out legalization of property established by this Law;

5) inadequate person - person who acted as the owner of the property acquired on the income of the subject of legalization for the purpose of concealment of the gained income.

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