Article 6. Tax regime in the territory of the Center of the Constitutional Law of the Republic of Kazakhstan On the Astana International Financial Center
1. The tax regime on the territory of the Center is determined by the Tax Code, with the exception of the exceptions established by this Article.
2. The Center's bodies and their organizations are exempt from paying corporate income tax until January 1, 2066, subject to the conditions set by the Center's acts.
3. The participants of the Center, with the exception of the digital asset exchange, are exempt from paying corporate income tax on income received from providing the following financial services on the territory of the Center until January 1, 2066:
1) Islamic bank banking services;
2) Reinsurance and insurance brokerage services;
3) investment management services for the assets of investment funds, their accounting and storage, as well as ensuring the issuance, placement, circulation, redemption and redemption of securities of investment funds;
4) brokerage and (or) dealer, underwriting services;
5) other financial services determined by a joint act of the Center, the central authorized body for state planning and the state body responsible for ensuring tax revenues and other mandatory payments to the budget.
4. The members of the Center, until January 1, 2066, are exempt from paying corporate income tax on income received from legal, auditing, accounting, and consulting services provided to the Center's bodies, as well as to the Center's participants providing the services specified in paragraph 3 of this article.
5. For the purposes of paragraphs 3 and 4 of this Article, the procedure for keeping separate records of income subject to exemption from corporate income tax and subject to taxation, as well as expenses subject to deduction, is determined by a joint act of the Center, the central authorized body for state planning and the state body responsible for ensuring tax revenues and other mandatory payments to the budget.
6. Foreigners who are employees of a participant or body of the Center, until January 1, 2066, are exempt from paying individual income tax on income from activities at the Center under an employment contract concluded with a participant of the Center providing services provided for in paragraphs 3 and 4 of this article, or the body of the Center.
7. Individuals and legal entities are exempt from paying individual and corporate income taxes on income until January 1, 2066.:
1) from the increase in value during the sale of securities that are on the official lists of the stock exchange on the date of sale;
2) from the increase in value resulting from the sale of shares of participants-legal entities registered in accordance with the applicable law of the Center, or shares in the authorized capitals of participants-legal entities registered in accordance with the applicable law of the Center;
3) in the form of dividends and rewards on securities that are on the official lists of the stock exchange on the date of accrual of such dividends or rewards;
4) in the form of dividends on shares of participants-legal entities registered in accordance with the applicable law of the Center, or on shares of participation in the authorized capitals of participants-legal entities registered in accordance with the applicable law of the Center;
5) from sources outside the Republic of Kazakhstan, if individuals are investment residents of the Center and are recognized as residents of the Republic of Kazakhstan for the purposes of the Tax Code.
For the purposes of applying this subparagraph, an investment resident of the Center shall pay a mandatory payment to the budget for the issuance of a document confirming residency of the Republic of Kazakhstan for the purposes of the Tax Code, in accordance with the procedure and amount established by the Tax Code.
For the purposes of applying subitems 1) and 3) of Part one of this paragraph, securities listed on the official stock exchange lists are securities determined in accordance with the applicable law of the Center.
The provisions of subparagraph 3) of part one of this paragraph shall apply to dividends on securities traded on the stock exchange in accordance with the criteria determined by a joint act of the Center, the central authorized body for state planning and the state body responsible for ensuring tax revenues and other mandatory payments to the budget.
8. The bodies of the Center and the participants of the Center who provide the services provided for in paragraphs 3 and 4 of this Article shall be exempt from paying property tax and land tax on facilities located on the territory of the Center.
8-1. It is not a sales turnover subject to value added tax:
1) receipt by the administration of the Center of budgetary funds in the form of a targeted transfer in accordance with the budget legislation of the Republic of Kazakhstan;
2) receipt by the authorities of the Center from the administration of the Center of money received in the form of a targeted transfer from the budget.
8-2. The services of the Center's participants provided for in paragraph 3 of this article are exempt from value-added tax.
8-3. The works performed and services rendered by a non-resident on a reimbursable basis, the place of sale of which is recognized as the Republic of Kazakhstan, are not turnover for the purchase of works and services from a non-resident if the works are performed and services are provided to the Center's bodies and (or) their organizations.
9. Tax administration and interaction of state revenue bodies with the bodies and participants of the Center on taxation of the bodies and participants of the Center are determined by joint acts of the bodies of the Center and the bodies of state revenue.
Constitutional Law of the Republic of Kazakhstan dated December 7, 2015 No. 438-V SAM.
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