Additional measures to support SMEs in response to Covid-19

On March 31, 2020, the President of the Republic of Kazakhstan announced a wide range of additional measures to support people and businesses during the COVID-19 crisis.

One of the notable measures includes an exemption from payroll taxes for a period of 6 months starting from April 1 for small and medium-size businesses operating in the following sectors of the economy:

➢ Public [food] catering/restaurant business;

➢ Selected trade sectors;

➢ Transportation services;

➢ Consulting services;

➢ IT sector;

➢ Hotel business;

➢ Tourism, etc.

The State of Emergency Committee will approve a detailed list of these sectors and will update if/when necessary.
The President also noted that depending on the state of the economy, additional measures could be considered in the future.