Kazakhstanians will be able to invest in securities under the legalization of property

Astana. July 22. Silkroadnews - Money of Kazakhstanians that will be legalized in the appropriate campaign, may be invested in securities or privatized objects, reports KazTAG.
"Legalized money are not recognized as income, no taxes are imposed on them, but money must come at the expense of the economy and work 5 years. Or they can be directed to legal investment instruments, such as securities or privatized objects. We have purely economic objectives",- said Deputy Prime Minister of Finance of Kazakhstan Bakhyt Sultanov during the live broadcast, dedicated to the legalization of property in the Republic of Kazakhstan.
"Legalization is an advantage for the citizen. It's an opportunity "in light" to bring his property, which he was forced to hide or omit, and the money that he hides. And in the future,already legalized income will allow him officially and legally to show where he receives his income from"- added B. Sultanov.
As recalled by the agency, the legalization of property and capital in Kazakhstan begins on September 1, 2014 and will last till December 31, 2015.