It is impossible to turn the Tax Code into a holy book - Tokayev

It is impossible to turn the entire Tax Code with a volume of 1000,<> pages into a kind of holy book that cannot be approached, Kazakh President Kassym-Jomart Tokayev said during the first meeting of the National Council for Science and Technology, the press service of Akorda informs. According to the head of state, in order to stimulate business investments in science, it is necessary to introduce tax benefits and investment preferences in the form of so-called super-deductions. Alikhan Askhanovich, look at how we can stimulate by reducing the tax burden and attracting more investment in science. It seems to me that we need a very flexible approach to tax policy. Where it is possible to reduce, there is no need to be afraid. After all, the Tax Code should be a simple normative act that allows appropriate decisions to be made within its framework. It is impossible to turn the entire Tax Code of 1000,<> pages into a kind of holy book that cannot be approached. Let's agree on that. They should be provided to entrepreneurs who finance R&D and the development of research centers," Kassym-Jomart Tokayev said. According to the President, such experience has shown itself well in Singapore, China, and South Korea. Specific norms should be provided for in the Tax, Entrepreneurial and Budget Codes this year," he added. The early President of Kazakhstan stressed that the development of science is one of the most important directions of state policy.