Naukenova Botagoz Economic evaluation of influence of tax mechanisms on enterprise’s investment activity

The relevance of the research is defined by the need in exploring economic evaluation of tax mechanisms’ influence on enterprises’ investment activity in industrial sector of economy. The Republic of Kazakhstan has an opportunity to become the largest producer of industrial goods and services considering its natural resources reserves and high skilled labour resources.

The principal task before us is to ensure balanced economy, advanced development of processing industrial sector, high-technology and science intensive production infrastructure and agricultural sector.

Research goals and objectives. Based on the evaluation of current tax mechanism directed to attract and encourage investments in country as a whole as well as in any one of it’s region the research goals are following:

• to study what is the economic evaluation of tax mechanism impacts on enterprises’ investment activity in industrial sector

• to develop specific recommendation to increase effectiveness of tax mechanisms’ impact on investment activity

The following objectives are defined to achieve the objectives:

• to substantiate theoretically the evaluation of tax implications mechanisms on investment activity of enterprise in industrial sector of economy;

• to study the influence of current investment taxation procedure on investment in industrial sector of the RK;

• to define the content and structure of tax incentives mechanism for investment inflow;

• to develop recommendations on current tax investment to influence on integral and external sources of investments directed to industrial economy sector;

• to substantiate economically the experience of developed countries and individual regions of the RK in terms of investments’ tax incentives and practical use in Pavlodar oblast.

Subject of dissertation research is economic evaluation of the process of tax influence on an enterprise’s investment activity in the industrial sector of economy.

Research object is current tax system in the RK and its traits.

Theoretical and methodological research base were researches in economic evaluation of the influence on investment policy and environment and environment, as well as analysis of forms and methods of tax implication on investing processes. The following materials were used in the course of research. The Constitution of the Republic of Kazakhstan, Codes, Laws, decrees of the President of the Republic of Kazakhstan, Government regulation of the RK, legislative of and normative acts of the RK.

The scientific novelty of the research is in the definition of the ways of improvement in economic evaluation of tax implications on investment policy and environment in industrial sector of economy.

The following novel results were achieved by the candidate for a degree:

• the basics for sustainable development of the industrial sector of the economy in terms of market economy were studied and generalized;

• the contemporary trends and conditions in development of the industrial sector were analyzed;

• the expediency of tax exemption directed to increase investment resources in industrial sector of economy was explored;

• the most promising ways of government regulation on attraction of investments by reduction of tax burden for the period of infrastructure projects were justified;

• the problems bounding sustainable development of industrial sector were studied;

• the solutions encouraging increase of production of competitive goods on the world market by improvement of tax mechanisms, attraction of investments in industrial sector of economy were justified;

• the analysis of tax burden that negatively impacts the investing activity of an enterprise in industrial sector was accomplished.

The practical value of the work is that the proposed recommendations can be widely used and some statements in particular could be used by the Tax Committee of the Ministry of Finance of RK to improve current legislative acts regulating taxation as well as on revision and additions to the Tax Cole.

Approbation of research results. The research results were used by the Tax Committee of the Ministry of Finance of RK in the course of preparation of changes to the Tax Cole “About taxes and other obligatory payment to the state budget”.

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