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Annex 1
CONSULTATION PAPERS
Consultation Paper on Enhancing AIFC Islamic Banking Business Rules
Annex 1 (Comparative table of proposed amendments to the AML Rules) (AIFC Rules No.FR0008 of 2017)
Amendments to the AIFC GEN Rules (Annex 2)
*Amendments to the AIFC Glossary (Annex 3)
*Amendments to the AIFC Conduct of Business Rules (Annex 3)
*Amendments to the AIFC General Rules (Annex 3)
Amendments to the AIFC FSFR (Annex 1)
Amendments to the AIFC GEN (Annex 2)
Amendments to the AIFC AMI (Annex 3)
Amendments to the AIFC COB (Annex 4)
Amendments to the AIFC MAR (Annex 5)
Amendments to the AIFC GLO (Annex 6)
Consultation paper on Enhancing AIFC Market and Recognition Frameworks in the AIFC
Consultation paper on Proposed AIFC Recovery and Resolution Framework
Consultation paper on proposed Guidance on Establishment of Collective Investment Scheme for Fund Managers
Consultation Paper on Proposed Amendments to the AIFC Asset management Framework
Closed 2019-2022
Consultation Paper on Amendments to the AIFC Banking Business Framework
Consultation Paper on AIFC AML/CFT Framework: Consequential amendments to the AIFC Acts
Consultation Paper on Proposed Amendments to the AIFC Banking Business Framework
Consultation paper on Proposed Regulatory Guidance on Fitness and Propriety
Consultation Paper No.1 on proposed amendments to the AIFC FEES Rules
*Consultation Paper No.0003 on proposed AIFC Trust Legislative Framework
Consultation Paper No.14 on proposed additional amendments to the AIFC Legal Entities Framework
*Consultation Paper No.16 on proposed Takaful and Retakaful Legislative Framework in the AIFC
Consultation Paper No.17 on proposed AIFC Preferential Creditor Rules
*Consultation paper No.12. Amendments to the AIFC Companies Regulations
*Consultation paper No. 0002 on proposed amendments to AIFC Rules and Regulations on repealing Commercial Licence
*Consultation Paper No.21 on Implementation of the Common Reporting Standard Framework
*Consultation Paper No.23 on proposed revisions to AIFC investment funds framework
*Consultation paper No. 0012 on proposed Extension of the list of Regulated and Market Activities
*Consultation paper No. 0013 on proposed Guidance on miscellaneous matters relative to the FinTech Lab
*Consultation Paper No.26 on proposed revisions to AIFC investment funds framework
Entire Act

Annex 1

FINANCIAL SERVICES EXEMPT FROM CORPORATE INCOME TAX

In accordance with subparagraph 1-5 of paragraph 3 of article 6 of the Constitutional Statute of the Republic of Kazakhstan On the Astana International Financial Centre and paragraph 9 of article3 of The Structure of the Bodiesof the Astana International Financial Centre, adopted by the Resolution of the Management Council on May 26, 2016 No. 20- 27/1814, as amended by the Resolution of the Management Council, the Amendments and Supplementations to the Structure of the Bodiesof the Astana International Financial Centre, adopted on October 9, 2017 No.17-61-6.2, the Governor of the Astana International Financial Centre (AIFCCentre) ORDERS:

1.In the event aA Centre Participant carries on any service which conducts the relevant core income generating activities for services specified in Schedule 1, hereto in/from the territory of the CentreParticipant in full compliance with the AIFC Regulations and Rules, incurring an adequate amount of operating expenditure with an adequate number of suitably qualified full-time employees, shall not be liable for corporate income tax imposed by the Tax Code of the Republic of Kazakhstan on income or capital resulting from that serviceprovided the serviceis carried on in full compliance with the AIFC Regulations and Rulessuch services1)        The list of financial services that are exempt from corporate income tax is specified in Shedule 1 hereof

A Centre Participant which conducts the relevant core income generating activities for services specified in Schedule 1 hereto by means of outsourcing of the core income generating activities outside of the Kazakhstan shall be liable for corporate income tax imposed by the Tax Code of the Republic of Kazakhstan on income or capital resulting from such services.

2.The detailed procedure of application of corporate income tax exemption for income or capital from the provision of services specified in Schedule 1 hereto is to be regulated by the AIFC Acts, which are to be developed.  

3. This order comes into effect from the date of its signing.