TAX CODE OF THE REPUBLIC OF KAZAKHSTAN
Unofficial translation
Code of the Republic of Kazakhstan of July 18, 2025 No. 214-VIII ZRK
Unofficial translation
GENERAL PART SECTION 1. GENERAL PROVISIONS Chapter 1. MAIN PROVISIONS
Article 1. Sphere regulated by this Code
This Code establishes the fundamental principles of taxation, regulates the power relations in the establishment, introduction, amendment, cancellation, calculation and payment of taxes and other mandatory payments to the budget, as well as public relations pertaining to the fulfillment of tax obligations.
Paragraph 1. Basic concepts used in this Code
Article 2. General provisions on basic concepts used for taxation purposes
Other special concepts and terms of the tax legislation of the Republic of Kazakhstan are used in the meanings defined in the corresponding articles of this Code.
Article 3. Concepts related to tax relations entities
Concepts related to tax relations entities:
1) organization body of the Astana International Financial Centre – a legal entity registered in accordance with the current law of the Astana International Financial Centre (hereinafter referred to as the AIFC), whose 50 or more percent of the shares (voting shares) are directly or indirectly held by the AIFC body.
Indirect ownership shall mean ownership of the AIFC body through another legal entity that is directly owned by the AIFC body;
2) banking organization – a second-tier bank, the Development Bank of Kazakhstan and an organization performing certain types of banking operations established in the Republic of Kazakhstan;
3) non-resident legal entity – an organization established under the legislation of a foreign state, with the exception of an organization, whose place of effective management (location of the actual management body) is in the Republic of Kazakhstan.
A non-resident legal entity also means a company, partnership, organization or other corporate entity created under the laws of a foreign state, which are considered as independent legal entities regardless of whether they have the status of a legal entity of the foreign state where they are created;
4) an organization vested with functions for the sale of property restricted in disposal (pledged) - a legal entity assigned by the authorized body in the sale of property restricted in disposal and (or) pledged in accordance with this Code of the taxpayer (tax agent) and (or) a third party;
5) a legal entity that was previously a bank - a legal entity that was previously a bank, which was restructured by a court ruling, whose more than 90 percent of the voting shares as of December 31, 2013 belonged to the national management holding;
6) a private practice owner - a private notary, private bailiff, lawyer, professional mediator;
7) an individual - a citizen of the Republic of Kazakhstan, a foreign national, a candidate or a stateless person;
8) an employee:
an individual who is in an employment relationship with an employer and directly performs work under an employment agreement (contract);
civil servant;
member of the board of directors or other management body of the taxpayer that is not the highest management body, with the exception of civil servants;
foreign national or stateless person assigned for work under an out staffing contract by a non-resident whose activity does not constitute a permanent establishment, to a resident or other non-resident operating in the Republic of Kazakhstan through a permanent establishment;
9) legal entity - a resident legal entity, a non-resident legal entity;
10) a structural subdivision of a legal entity - a branch, a representative office;
11) a foreign company operating through an Internet platform in the territory of the Republic of Kazakhstan - a non-resident legal entity selling goods and (or) providing services through an Internet platform in the territory of the Republic of Kazakhstan;
12) a resident legal entity - an organization created under the legislation of:
the Republic of Kazakhstan;
a foreign state, whose place of effective management (location of the actual management body) is in the Republic of Kazakhstan;
13) tax agent - an individual, sole proprietor, private practitioner, legal entity, structural subdivision of a legal entity, an Internet platform operator, which in the cases and manner established by this Code are recognized as a tax agent;
14) taxpayer - an individual, structural subdivision of a legal entity that is a payer of taxes and other mandatory payments to the budget;
15) taxpayer subject to tax monitoring - a participant in horizontal monitoring, a participant in monitoring of large taxpayers;
16) person - an individual, a legal entity;
17) the registering authority — authorized state bodies and the State Corporation Government for Citizens (hereinafter referred to as the State Corporation) that perform state registration (re-registration) of legal entities and record registration (re-registration) of their branches and representative offices and (or) taxable items and taxation-related items, including:
real estate titles;
pledge of movable property and mortgage of a vessel;
radio-electronic means and high-frequency devices;
space objects and rights thereto;
vehicles;
medicines and medical devices;
rights to works and related rights objects, license agreements for the use of works and related rights objects;
also, registration of mass media;
18) authorized state bodies - state bodies of the Republic of Kazakhstan, with the exception of tax authorities and local executive bodies, exercising management in a separate sector or public administration area, including calculation and (or) collection of other mandatory payments to the budget;
19) the authorized body - a state body exercising management in ensuring the receipt of taxes and other mandatory payments to the budget;
20) participant in monitoring of large taxpayers - a taxpayer on the list of participants in monitoring of large taxpayers, approved by the authorized body.
Article 4. Concepts related to taxes and other payments
Concepts related to taxes and other payments:
1) social payments - mandatory pension contributions, mandatory occupational pension contributions, mandatory employer pension contributions, social deductions paid in accordance with the Social Code of the Republic of Kazakhstan, deductions and contributions for mandatory social health insurance paid in accordance with the Law of the Republic of Kazakhstan On Mandatory Social Health Insurance;
2) other mandatory payments to the budget (hereinafter referred to as payments to the budget) - mandatory deductions of money to the budget in the form of fees, charges, duties, with the exception of customs payments, made in the amounts and cases established by this Code;
3) tax - a mandatory monetary payment to the budget legislatively established unilaterally by the state, with the exception of cases provided for by this Code, made in a certain amount, irrevocable and gratuitous in nature.
Article 5: Concepts related to tax arrears
Concepts related to tax arrears:
1) arrears – calculated and charged amounts of taxes and payments to the budget not paid on time, as well as advance and current payments on them, with the exception of amounts reflected in the notification of the tax audit results, during the appeal period in accordance with the procedure established by the legislation of the Republic of Kazakhstan in the contested part;
2) penalties - monetary amounts calculated as a multiple of the base rate of the National Bank of the Republic of Kazakhstan (hereinafter referred to as the National Bank), effective for each day of delay, and charged on:
the amount of tax and payment to the budget not paid by the taxpayer (tax agent) on time, including advance and (or) current payment, starting from the day following the due date of the tax obligation to pay, including the day of payment to the budget;
the amount of paid and (or) overpaid tax, payment to the budget and (or) the amount of excess value added tax on which the tax authority has violated the deadline for the offset and (or) refund under the taxpayer's tax application, starting from the day following the day of the end of the deadline for the offset and (or) refund, including the day of refund.
The multiplicity of the National Bank's base rate under this subparagraph shall be:
0.65 - for a horizontal monitoring participant;
1.25 - for other taxpayers (tax agents).
3) tax debt - the amount of arrears, unpaid amounts of penalties and fines.
The tax debt shall not include the amount of penalties reflected in the notification of the tax audit results, as well as the amount of fines reflected in the decision on imposing an administrative penalty, during the appeal period in the manner determined by the legislation of the Republic of Kazakhstan, in the contested part;
4) maximum amount of tax debt- the amount of tax arrears established by the authorized body, in the excess of which the tax authority applies the method of securing the tax liability and (or) the measure of enforced tax arrears collection provided for in Articles 86 and 87 and Articles 185, 186, 187, 188 and 189 of this Code to a taxpayer - a legal entity, a structural subdivision of a legal entity, a non-resident operating in the Republic of Kazakhstan through a permanent establishment, a sole proprietor, a private practitioner.
The maximum amount of tax debt is determined in the amount of at least 20 times the monthly calculation index effective as of January 1 of the corresponding financial year, separately for each method of securing a tax liability and (or) each measure of compulsory collection of tax debts.
Article 6: Concepts related to the procedure of calculation, payment of taxes and payments to the budget
Concepts related to the procedure of calculation, payment of taxes and payments to the budget:
1) special tax regime - the procedure for calculation, payment of certain taxes and payments to the budget, as well as submission of tax reporting on them for certain categories of taxpayers, different from the generally established taxation procedure, provided that the taxpayer complies with the conditions established by this Code;
2) the generally established taxation procedure - the basic procedure of calculation, payment of taxes and payments to the budget, established by the Special Part of this Code.
Article 7. Royalty
1) the right to use subsoil in the process of extraction of minerals and processing of technogenic formations;
2) the use of or the right to use copyrights, drawings or models;
3) the use of or the right to use patents, trademarks or other similar rights;
4) the use of or the right to use software, including services for updating the version of such software, excluding versions intended to correct errors, defects, and make modifications to such software that are not related to the development of software;
5) use of know-how.
"Know-how" is confidential information of a technical, technological, organizational or other nature that has commercial value and is used in professional or business activities;
6) use of or right to use films, videos, sound recordings or other recording media;
7) use of or right to use commercial, research and (or) industrial equipment, including sea vessels or aircraft (except for vessels leased under demise-charter agreements).
Article 8. Concepts related to certain types of services and transactions
Concepts related to certain types of services and transactions:
1) information processing services - services for collecting and summarizing information, systematizing information arrays (data) and (or) providing the user with the information processing results, including rating services.
In this case, rating services are understood to mean analysis and assessment services that display a numerical or ordinal indicator of the importance or significance of a certain object or phenomenon;
2) design services - services for designing artistic forms, the appearance of products, building facades, interiors; styling design;
3) engineering services - engineering and consulting services, research, design and engineering, calculation and analytical work, preparation of feasibility studies for projects, development of recommendations in the field of organizing production and management, sales of products;
4) online medium - an online store and (or) trading platform intended for the sale of goods, provision of services, offers to provide services through the public telecommunications network and the Internet, including intermediary services to enable the sale and provision of services, order placement and payment to other persons by providing access to the online store and (or) trading platform;
5) consulting services - services on provision of explanations, recommendations, advice and other forms of consultations, including identification and (or) assessment of problems and (or) opportunities of a person in order to address managerial, economic, financial, investment matters, including issues of strategic planning, organization and doing business, personnel management;
6) marketing service - any paid service related to:
research, analysis, planning, forecasting in the sphere of production and (or) circulation of goods, works, services in order to determine measures to create better economic conditions;
a set of measures and solutions aimed at promoting goods, works, services or a brand, attracting a target audience, increasing sales, achieving established indicators and (or) sales goals;
7) sales:
shipment and (or) transfer of goods or other property, performance of works, provision of services for the purpose of sale, exchange, gratuitous transfer;
transfer of property under a leasing agreement;
transfer of pledged goods to the pledgee in the event of default by the debtor of the obligation secured by the pledge;
8) e- trade in commodities –business activity on sale of commodities to individuals, carried out via an Internet platform;
9) import of goods – importation of goods:
to the customs territory of the Eurasian Economic Union (hereinafter referred to as the EAEU), carried out in accordance with the customs legislation of the EAEU and (or) the customs legislation of the Republic of Kazakhstan;
to the territory of the Republic of Kazakhstan from the territory of another state – a member of the EAEU;
10) electronic services– services provided via an Internet platform.
Article 9. Concepts related to gratuitous conveyance of property
Concepts related to gratuitous conveyance of property:
1) a grant - property provided on a gratuitous basis to achieve specific goals (objectives):
by states, governments of states - the Republic of Kazakhstan, the Government of the Republic of Kazakhstan, individuals, and legal entities;
by international and state organizations, foreign and Kazakhstan non-governmental public organizations and foundations whose activities are charitable and (or) international and do not contradict the Constitution of the Republic of Kazakhstan, included in the list established by the Government of the Republic of Kazakhstan based on the conclusions of state bodies - the Republic of Kazakhstan, the Government of the Republic of Kazakhstan, individuals, and legal entities;
by foreigners and stateless persons - the Republic of Kazakhstan and the Government of the Republic of Kazakhstan;
2) humanitarian aid - property provided on a gratuitous basis to the Republic of Kazakhstan in the form of food, consumer goods, machinery, equipment, medical drugs and devices, other property sent from foreign countries and international organizations to improve living conditions and everyday life of the population, as well as prevention and elimination of social, natural and man-made emergencies, distributed by the Government of the Republic of Kazakhstan through authorized organizations;
3) sponsorship - property provided on a gratuitous basis for the purpose of disseminating information about the person providing this assistance:
to individuals in the form of financial (except social) support for participation in competitions, contests, exhibitions, shows and development of creative, scientific, scientific-technological, inventive activity, improvement of education and sportsmanship;
to non-profit organizations for the implementation of their statutory objectives;
4) social support of an individual - gratuitous transfer by a tax agent for a year of property within 647-fold amount of the monthly calculation indicator, effective as of the corresponding fiscal year start, to an individual, referred to a separate category of such individuals, entitled to social protection under the legislation of the Republic of Kazakhstan.
The list of separate categories of individuals, provided for by part one of this subparagraph, shall be approved by the central authorized state planning body in coordination with the authorized body and the central executive body in the population social welfare;
5) charitable assistance - property provided on a gratuitous basis:
in the form of sponsorship;
in the form of social support to an individual;
to an individual affected by an emergency situation;
to a non-profit organization in order to support its statutory activities;
to an organization operating in the social sphere;
to a specialized organization of persons with disabilities in accordance with the Social Code of the Republic of Kazakhstan.
Article 10. Concepts related to subsoil use
Concepts related to subsoil use:
1) a subsoil use contract - an agreement between a competent body or an authorized body for the study of subsoil or a local executive body of an oblast, the city of republican status, the capital within the competence established by the legislation of the Republic of Kazakhstan on subsoil and subsoil use, and an individual and (or) legal entity for the exploration, production, combined exploration and production of minerals or the construction and (or) operation of underground structures unrelated to exploration and (or) production, or for state geological exploration of subsoil.
Subsoil use contract also includes subsoil use licenses and other types of granting of subsoil and (or) water use rights under the legislation of the Republic of Kazakhstan.
The terms “exploration contract”, “production contract”, “combined exploration and production contract” and “exploration or production license” used in this Code are identical to the term “subsoil use contract”, the term “exploration and production contract” is identical to the term “combined exploration and production contract”;
2) subsoil users - individuals or legal entities entitled to conduct subsoil use operations, including oil operations, and (or) water use on the territory of the Republic of Kazakhstan under the laws of the Republic of Kazakhstan.
In this case:
subsoil use operations are recognized as works related to the geological study of the subsoil, exploration and (or) extraction of minerals, including those related to exploration and extraction of groundwater, therapeutic mud, exploration of subsoil for wastewater discharge, as well as construction and (or) operation of underground structures unrelated to exploration and (or) extraction;
oil operations are recognized as works on exploration, production of hydrocarbons, construction and (or) operation of necessary technological and production facilities;
3) non-contractual activities - activities of a subsoil user not expressly provided for by the provisions of a subsoil use contract, any other activities;
4) contractual activities - activities of a subsoil user carried out under a subsoil use contract;
5) hydrocarbon preparation - a set of technological processes for the preparation of hydrocarbons, including collection, delivery for preparation, delivery of well fluid to metering units, degassing, dehydration, desalination, stabilization, demercaptanization;
6) recipient on behalf of the state - a legal entity determined by the Government of the Republic of Kazakhstan, acting on behalf of the state as a recipient of minerals transferred in kind by a subsoil user in fulfillment of a tax obligation under the tax legislation of the Republic of Kazakhstan and (or) production sharing agreements (contracts), a subsoil use contract approved by the President of the Republic of Kazakhstan, provided for in Article 755 of this Code;
7) mineral stock - a part of the subsoil (rock, ore raw materials, etc.) extracted to the surface containing a mineral (minerals), excluding dilution;
8) primary processing (beneficiation) of mineral raw materials - a type of mining activity that:
includes on-site collection, crushing or grinding, classification (sorting), briquetting, agglomeration and enrichment by physical and chemical methods (without qualitatively changing the mineral forms of minerals, their aggregate-phase state, crystal-chemical structure);
may include processing technologies that are special types of work on the extraction of minerals (underground gasification and smelting, chemical and bacterial leaching, dredging and hydraulic development of placer deposits);
9) operator – a legal entity created or determined in accordance with the laws of the Republic of Kazakhstan by subsoil users carrying out subsoil use operations, as part of a simple partnership (consortium) under a production sharing agreement (contract);
10) extraction - the entire complex of works (operations) directly related to the extraction of hydrocarbons, minerals or solid minerals from the subsoil to the surface and (or) separation of minerals from their occurrence, including from technogenic mineral formations, also related to the withdrawal of underground water;
11) minerals – natural mineral formations, hydrocarbons and underground waters contained in the subsoil, also natural mineral formations and organic substances containing useful components, the chemical composition and physical properties of which enable their use in the material production and (or) consumption, and (or) other needs directly or after processing.
Article 11. Concepts related to the taxpayer (tax agent) location
The following places shall be recognized as the taxpayer (tax agent) location, depending on the categories of the entity including the taxpayer (tax agent):
1) place of residence of an individual - place of registration of a citizen in accordance with the legislation of the Republic of Kazakhstan in the field of population migration;
2) place of residence of a citizen of the Republic of Kazakhstan residing outside the Republic of Kazakhstan who does not have a place of registration in the Republic of Kazakhstan - the place of last registration of the citizen in the Republic of Kazakhstan in accordance with the legislation of the Republic of Kazakhstan in the field of population migration;
3) location of a sole proprietor and a private practitioner - the place of predominant realization of their activity declared at tax registration in the Republic of Kazakhstan;
4) location of a resident legal entity, its structural subdivision, structural subdivision of a non-resident legal entity - location of its permanent body entered in the National Register of Business Identification Numbers upon registration in the Republic of Kazakhstan;
5) location of a non-resident legal entity operating through a permanent establishment without opening a structural subdivision - the place of activities in the Republic of Kazakhstan, declared at the tax registration in the Republic of Kazakhstan;
6) location of a legal entity established under the legislation of a foreign state, whose place of effective management is in the Republic of Kazakhstan - the location of the actual management body in the Republic of Kazakhstan, determined by the meeting of the Board of Directors or similar management body, declared at the tax registration in the Republic of Kazakhstan and indicated in the corresponding minutes of the management body;
7) place of stay of a foreigner or stateless person - place of temporary stay of a foreigner or stateless person declared at state registration in the Republic of Kazakhstan;
8) place of residence of a foreigner or stateless person not residing in the Republic of Kazakhstan, who has a tax obligation to pay individual income tax on the income received from sources in the Republic of Kazakhstan from a person who is not a tax agent - the place of residence (location) of the person paying to such foreigner or stateless person the income from sources in the Republic of Kazakhstan.
Article 12. Remuneration
1) fees on loans (credits, micro-loans);
2) fees on a financial leasing agreement;
3) fees on a deposit;
4) fees on an accumulative insurance agreement;
5) fees on a promissory note;
6) fees on repo transactions;
7) fees on debt securities;
8) fees on Islamic lease certificates;
9) fees under a bank account agreement.
1) the lender;
2) a legal entity specified in the Laws of the Republic of Kazakhstan “On Banks and Banking Activity in the Republic of Kazakhstan” and “On Microfinance Activity” to which the right of claim under a credit (loan, microcredit) was assigned;
3) a person who is an interrelated party to the borrower.
The following shall not be remuneration on credits (loans, micro-loans):
1) the amount of credit (loan, microcredit) to be paid (received);
2) adjustment (indexation) of the amount of credit (loan, microcredit) to be paid (received) in tenge, due to changes in the exchange rate;
3) fees on money transfer by second-tier banks.
1) to the lessor;
2) to a person who is an interrelated party for the lessee.
The following shall not be remuneration under a financial leasing agreement:
1) the value at which such assets are received (transferred) into financial leasing;
2) payments in connection with changes in the amount of lease payments when applying a coefficient (index) in accordance with the terms of the financial leasing agreement.
1) to the depositor;
2) a person who is an interrelated party for the person who accepted the deposit.
At the same time, the deposit amount shall not be the deposit remuneration.
1) to the insurer;
2) to a person who is an interrelated party for the policyholder.
The amount of the sum insured shall not constitute remuneration under the endowment insurance contract.
1) to the debt securities holder;
2) a person who is a related party to the person paying remuneration.
1) to the promissory note holder;
2) to a person who is an interrelated party to the promissory note holder.
At the same time, the amount specified in the promissory note shall not be remuneration under the promissory note.
Article 13. Dividends
1) dividends from income distribution;
2) constructive dividends.
1) in the form of net income or a part thereof payable on shares, including shares being the underlying assets of depositary receipts;
2) payable on units of a mutual investment fund, except for income on units when they are redeemed by the fund's management company;
3) in the form of net income or part thereof distributed by a legal entity among its founders, participants;
4) payable on Islamic participation certificates;
5) from the distribution of assets in the event of liquidation of a legal entity or reduction of the authorized capital, as well as repurchase by a legal entity from the founder, participant of an equity interest or part thereof in this legal entity, repurchase by the issuing legal entity from a shareholder of shares issued by this issuer, upon the withdrawal of a lawyer who is a partner of a law firm from such law firm, termination of legal practice through such a law firm or liquidation of a law firm;
6) in the form of an increase in a contribution to the authorized capital of a legal entity by increasing the amount of the authorized capital of the legal entity at the expense of the equity of such legal entity, except:
additionally paid-in capital in the form of an excess of the value of assets received by the issuer from the placement of shares issued by it over the nominal value of such shares;
additional contributions of a participant of a legal entity to the property of such legal entity;
revaluation surplus.
1) received by a shareholder, participant, founder or an interconnected party from a legal entity, arising from the adjustment of taxable items and (or) items related to taxation, made in cases and in accordance with the procedure established by the legislation of the Republic of Kazakhstan on transfer pricing.
When calculating this income, the interrelated parties shall be determined in accordance with the legislation of the Republic of Kazakhstan on transfer pricing;
2) received by a shareholder, participant, founder or their related party from a legal entity in the form of:
value of expenses or liabilities unrelated to business activities of the legal entity arising from its shareholder, participant, founder or their related party to a third party, repaid by the legal entity without its reimbursement by the shareholder, participant, founder or their related party to the legal entity;
any property and material benefit provided by a legal entity to its shareholder, participant, founder or their related party, except for employee income and income from the sale of goods, works, services.
For the purposes of part one of this subparagraph, related parties shall be defined in accordance with Article 14 of this Code.
Income received by a shareholder, participant, founder or their related party from a legal entity in the form of royalties for the use or rights to use patented industrial property objects in commercial activities shall not be recognized as constructive dividend.
I = Vr – Ap,
where: I – is income from the distribution of assets;
Vr – the book value of assets (to be) received by a shareholder, participant, founder, partner of a law firm upon the distribution of assets, including those (to be) received in return for previously contributed ones, at the date of transfer, (to be) stated in the accounting records of the transferring party, without revaluation and depreciation;
Ap: - is the amount of paid-in authorized capital attributable to the number of shares for which the assets are distributed, taking into account additionally paid-in capital in the form of an excess of the value of the assets received by the issuer from the placement of its issued shares over the par value of such shares;
the amount of the paid-in authorized capital attributable to the participation share, to which the assets are distributed, taking into account additional contributions of a participant of a legal entity to the assets of such legal entity and increase in the amount of the authorized capital at the expense of the legal entity’s equity capital, but not exceeding the initial value of such participation share, in the manner determined by this Code, of the participant in whose benefit the assets are distributed;
the value of the assets transferred by a lawyer who is a partner of a law firm into the ownership of such a law firm.
Article 14. Interrelated parties
1) one person is recognized as an affiliate of another person in accordance with the laws of the Republic of Kazakhstan;
2) one person is a major participant in another person;
3) persons are bound by an agreement under which one of them has the right to determine decisions made by the other;
4) the legal entity is controlled by a major shareholder, major participant or official of another legal entity;
5) a major shareholder, major participant or official of one legal entity is a major shareholder, major participant or official of another legal entity;
6) the legal entity together with another legal entity is controlled by a third party;
7) the person jointly with its affiliated persons holds, uses, disposes of ten or more percent of participation interests of the legal entity or legal entities specified in subparagraphs 2) - 6) of part one of this paragraph;
8) an individual is an official of a legal entity specified in subparagraphs 2) - 7) of part one of this paragraph, except for an independent director of a joint stock company;
9) an individual is a spouse, close relative or an in-law (brother, sister, parent, son or daughter of a spouse of a major participant or an officer of a legal entity.
A major participant for the purposes of this paragraph shall mean a participant whose share in the assets of a legal entity, except for joint-stock companies, is ten and more percent.
Control over a legal entity shall mean the ability to determine decisions made by the legal entity.
Article 15. An organization engaged in social sphere
1) medical services, including those provided as a package, in accordance with the legislation of the Republic of Kazakhstan by a healthcare entity licensed for medical activity;
2) services in education:
provided under licenses for educational activities;
preschool education and training;
additional education provided by an educational organization licensed for educational activities;
3) scientific and (or) scientific-technological activity (including scientific research, use, including realization, of intellectual property objects), carried out by scientific and (or) scientific-technological activity entities, accredited by the authorized body in the field of science.
The income specified in part one of this subparagraph shall also include the income of scientific and (or) scientific-technological entities, accredited by the science authority, in the form of funding for the establishment of scientific centers under research universities;
4) sport activities;
5) culture activities carried out by cultural organizations;
6) provision of services on conservation of historical and cultural heritage sites included in the State List of Historical and Cultural Monuments in accordance with the legislation of the Republic of Kazakhstan (except for dissemination of information and propaganda);
7) provision of assistance to persons (families) recognized to be in need of special social services;
8) library services;
9) activity of autonomous educational organizations:
on the following education levels established by the laws of the Republic of Kazakhstan: elementary school (including preschool education and training), basic school, high school, post-secondary education, higher education, postgraduate education;
on additional education;
scientific-technological, innovative, research activity (including fundamental and applied scientific research).
1) income in the form of gratuitously received property (including charitable and sponsorship assistance);
2) admission fees, membership fees and other receipts on a gratuitous and non-refundable basis from a founder, participant, member;
3) remunerations on deposits;
4) excess of the amount of positive exchange rate difference over the amount of negative exchange rate difference.
Article 16. Agricultural cooperative
1) production of agricultural output (except for excisable products) and their sale;
2) procurement, storage and sale of agricultural output produced by members of such a cooperative;
3) processing of agricultural products (except for excisable products) of own production and (or) produced by members of such a cooperative, as well as sale of products obtained through such processing;
4) performance of work and provision of services for members of such a cooperative for the purpose of production and processing of own-produced agricultural products, including auxiliary work and services;
5) sale of products to members of such a cooperative for the purpose of production and processing of own- produced agricultural output.
The list of goods, works, and services provided for in subparagraphs 4) and 5) of part one of this paragraph shall be approved by the authority in agro-industrial complex development in agreement with the central authorized state planning body.
The requirement of the first part of this paragraph shall not apply to agricultural cooperatives producing beekeeping products, as well as the processing and sale of the said products of their own production.
Article 17. Participant in Astana Hub
1) is incorporated in the Astana Hub autonomous cluster fund as a participant in accordance with the legislation of the Republic of Kazakhstan on innovation clusters;
2) at least 90 percent of the total annual income of such a legal entity consists of income from priority activities in the information and communication technologies;
3) in the case of the production and sale of goods, such goods meet the criteria for own production.
When determining the income referred to in subparagraph 2) of the first part of this paragraph, the following income shall also be accounted if it is related to the receipt of income from priority activities in the information and communication technologies:
income in the form of property received free of charge,
interest on deposits,
excess of positive exchange rate differences over negative exchange rate differences,
income from doubtful pledges, including penalties and fines on such pledges.
Article 18. Concepts related to securities
Concepts related to securities:
1) debt securities – securities certifying the issuer's (debtor's) obligation to pay the principal debt amount under the terms of the issue of such securities, including government securities and bonds;
2) discount on debt securities (hereinafter referred to as discount) – the positive difference between the par value and the initial placement price (excluding the coupon) or the acquisition price (excluding the coupon) of debt securities;
3) coupon on debt securities (hereinafter referred to as coupon) – the amount paid (payable) by the issuer in excess of the nominal value of debt securities in accordance with the terms of issue;
4) debt securities premium – the positive difference between the initial placement price (excluding the coupon) or the acquisition price (excluding the coupon) and the nominal value of debt securities, the terms of issue of which provide for the payment of a coupon;
5) Islamic securities – Islamic lease certificates and Islamic participation certificates.