30.06.2010, 18:23 7245

Nazarbayev signed Customs Code in Kazakhstan

The head of state, Nursultan Nazarbayev, signed the Customs Code in the Republic of Kazakhstan directed at defining the legal bases of customs regulation in Kazakhstan, the agency reports citing the president's press service.

Astana. June 30. Kazakhstan Today - The head of state, Nursultan Nazarbayev, signed the Customs Code in the Republic of Kazakhstan directed at defining the legal bases of customs regulation in Kazakhstan, the agency reports citing the president's press service.

As informed earlier, "the Customs Code project has been developed to bring the national customs legislation in conformity with the Customs Union legislation. The project of the code establishes positions of the customs legislation based on the customs legislation of the Customs Union in the conditions of the uniform customs territory," the Minister of Finance of Kazakhstan, Bolat Zhamishev, explained.

"The project creates favorable conditions for business by decreasing quantity of customs declaration documents. The norms regulating interaction of customs bodies with the participants of foreign trade activities have been added and compulsory licence tax has been lifted.

According to the document, collection of indirect taxes, VAT, and excises will be carried out by tax departments since July 1, 2010 in the Customs Union mutual trade.

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