LETTER OF THE TAX COMMITTEE OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF KAZAKHSTAN

of May 27, 2010 No. HK-21-54/6069

The Tax Committee of the Ministry of Finance of the Republic of Kazakhstan reports the following.

According to Items 1 and 3 of article 267 of the Code of the Republic of Kazakhstan of 10.12.2008. "About taxes and other obligatory payments in the budget" (Tax code) of the organization, performing conversion of agricultural raw materials, make the tax discharge on value added (further - the VAT), the Tax code estimated according to Article 266, in the amount of, reduced by 70 percent.

At the same time according to the subitem 1) of Item 2 of article 267 of the Tax Code for the purpose of this Article the organizations which at least 90 percent of gross annual income make the income which is subject to obtaining (received) as a result of implementation of the following types of activity, except for of activities in the field of public catering treat the organizations performing conversion of agricultural raw materials:

production of meat and meat products;

conversion and conservation of fruit and vegetables;

production of vegetable and animal oils and fats;

conversion of milk and production of cheese;

production of products of the flour-grinding and groat industry;

production of ready-made feeds for animals;

production of bread;

production of baby food and dietary foodstuff;

production of products of the krakhmalo-patochny industry

At the same time determination of types of activity for the purpose of application of the subitem 1) of Item 2 of article 267 of the Tax Code is performed according to the General qualifier of types of economic activity approved by the authorized state body performing state regulation in the field of technical regulation.

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