Investment subsidies (cashback) is one of the state support instrument for investment activity provided to investors engaged in investment priority projects. As per the point 1 article 291, the Entrepreneurial Code of the Republic of Kazakhstan, the investment subsidies shall mean a non-repayable and non-refundable budget subsidy (cashback) granted as an investment preference to a legal entity of the Republic of Kazakhstan, which signed an investment contract on investments in the amount of at least 5 000 000 (five million) monthly calculation indices, established by the republic budget law and effective on the day of filing an application for investment preferences and implementation of investment project. The investment subsidies are not available under the investment priority projects on expansion and renewal of the existing production plants. In order to facilitate regional development, the investment subsidies are granted by virtue of a decision of the Government of the Republic of Kazakhstan to the investors engaged in investment priority project. The investment subsidies are available for the investment projects carried in the specific priority business activities, established by the Kazakhstani government for the investment subsidies. The investment subsidies payment is made through the reimbursement of up to thirty percent of actual costs of construction and installation works and purchase of equipment, specified in the working programme and exclusive of VAT and excise taxes. The costs of construction and installation works and purchase of equipment are reimbursed in manner, provided by the laws Republic of Kazakhstan against the costs set out in the pre-design documentation, subject to availability of the back-up documents and state expert report. The actual costs of investors are proved with the following documents: 1. primary accounting documents issued as per the laws of the Republic of Kazakhstan on accounting and financial reporting; 2. invoices, issued pursuant to the tax legislation of the Republic of Kazakhstan; 3. customs declarations executed in accordance with the customs laws of the Republic of Kazakhstan. Schedule of investment subsidies payments per annum is established in the investment contract as equal payment within the period of at least three years from the commissioning of production facilities to and not longer than the expiry date of the investment contract. The investment subsidies payment is subject to approval of local executive body of the region or city of a republican status or capital at the place of project implementation, after final and complete commissioning of the production plants and performance of the production targets under the investment contract. The procedures of investment subsidies payment are set out in the Investment Subsidy Rules established by the Government of the Republic of Kazakhstan.