The Ministry of Finance of the Republic of Kazakhstan has developed a draft law amending the Law on Valuation Activities. Its purpose is to create the conditions for the functioning of a unified valuation services market within the Eurasian Economic Union (EAEU).
According to the plans, the unified market should become operational by the end of 2025.
The Ministry notes that the initiative is aimed at increasing the investment attractiveness of assets across EAEU member states, as well as at establishing a more transparent and standardized valuation system.
The draft law was presented at a roundtable in the Senate of Parliament with the participation of deputies, representatives of the relevant ministry, chambers of valuers, the Association of Financiers of Kazakhstan, and the Atameken National Chamber of Entrepreneurs.
During the discussion, the provisions related to the launch of the unified market were reviewed, as well as other amendments aimed at clarifying and optimizing the provisions of the law, taking into account law enforcement practice.
