Kazakh national bank to pay 50 per cent less tax

The profits tax paid to the state budget by the Kazakh National Bank will be 50 per cent down in 2002 on the 2001 figure, it was reported on 25 November, quoting the bank's chairman, Grigoriy Marchenko.

"The National Bank plans to transfer 5,697m tenge [some 37m dollars] to the state budget this year, against 10.5bn tenge [68m dollars] in 2001," Marchenko told the joint sitting of the Kazakh parliament's chambers on 25 November, the Interfax-Kazakhstan news agency reported.

He said that this re

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