22.06.2009, 13:26 3832

Parliament ratified agreement on construction of Abu-Dhabi Plaza complex in Astana

The deputies of the Senate of Parliament of Kazakhstan at the plenary session today passed the Law on Agreement Ratification between the Government of Kazakhstan and the Government of the United Arab Emirates concerning construction Abu-Dhabi Plaza complex in Astana, the agency reports.

Astana. June 22. Kazakhstan Today - The deputies of the Senate of Parliament of Kazakhstan at the plenary session today passed the Law on Agreement Ratification between the Government of Kazakhstan and the Government of the United Arab Emirates concerning construction Abu-Dhabi Plaza complex in Astana, the agency reports.

According to the conclusion of the Senate Committee for Economic and Regional Policy, the document has been developed to realize the arrangements, reached following the results of the official visit of the President of the Republic Kazakhstan to the United Arab Emirates on March 16-17, 2009. The law regulates application of the system of preferences in the field of taxation, currency regulation, customs registration, issuing of visas and permits for foreign employees directed at realization of construction of Abu-Dhabi Plaza complex.

According to Minister of Industry and Commerce of Kazakhstan, Aset Isekeshev, "the investor-company Aldar is exempt from value added tax, duties, and from corporate tax during the period of construction of the complex."

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