If your company is not a resident of the Republic of Kazakhstan and it generates revenue from activities in the territory of the Republic of Kazakhstan, you can place the amount of the withholding tax, which is charged for income generation from activities in Kazakhstan, at QAZKOM and thus avoid double taxation.
This deposit is held in the bank until you are granted the permission to receive the amount of the deposit and the interest from the tax authorities.
Currency: KZT, USD, EUR and RUB
Terms (months): no reference to the term
Interest rates*: in tenge - 0.0% per annum, in foreign currency - 0.0% per annum
*interest rates on the “Non-resident tax contribution” deposit, in % per annum, in tenge and in Russian roubles, came into force as of 01.07.2008, on the basis of the Decision of the KUAP remote meeting as of 16.06.2008. Interest rates in Euro and US dollars, in % per annum, are approved by the Decision of KUAPG of 04.05.2014. Came into force on 06.2014. Interest rate in euro, in % per annum, is approved by the Decision №467 of KUAP of 23.08.2017. Came into force on 25.08.2017.
Interest rates on the Conditional deposits in % per annum, in tenge and foreign currency are approved by the Decision of KUAP №484 as of 14.12.2017. Came into force on 25.12.2017.
Documentation requirements for opening
Application for opening of temporary savings account