Rules on CIT exemption in Astana Hub
Currently under consideration is the draft of the Rules on confirmation of compliance of Astana Hub participants with the conditions of application of 100 percent reduction of corporate income tax on income from informatisation services (the “Rules on CIT exemption in Astana Hub”).
According to the current Order of the Deputy Prime Minister - Minister of Finance of the Republic of Kazakhstan dated 15 December 2022 No. 1287 “On approval of the rules on determining income from intellectual property objects and rendering of services in the field of informatisation subject to 100 percent reduction of corporate income tax”, Astana Hub participants shall obtain confirmation from Astana Hub that such participants have sufficient employees and resources to apply CIT exemption on informatisation services (a deviation of actual indicators from declared ones of no more than 20% is allowed).
The Rules on CIT exemption in Astana Hub expand and clarify this requirement.
Now, Astana Hub participants will be required to annually obtain the confirmation that they meet the requirements for applying CIT exemption in Astana Hub.