A new list of low-tax jurisdiction countries introduced by Government Decision No. 1318 of 31 December 2008 has become available. The new list applies from 1 January 2009.
According to the new Tax Code, which entered into force from 1 January 2009, a country is recognized as a low-tax jurisdiction if the income tax rate in that country is no more than 10% or the country has a law on confidentiality of financial information or laws under which information about factual owners of property or income, or a company's factual owners, founders and shareholders is a secret. A recipient of income from Kazakh sources who is a resident of such countries is subject to withholding tax at the rate of 20% instead of the generally applicable 15% WHT rate.
The list names the following countries and territories:
|-||Antigua and Barbuda;|
|-||China (People's Rep.) (only in respect of Hong Kong and Macao);|
|-||France (only in respect of (i) Archipelago Kerguelen, (ii) French Guiana, and (iii) French Polynesia); Fiji;|
|-||Ireland (only in respect Dublin and Shannon);|
|-||Malaysia (only in respect of Labuan);|
|-||Morocco (only in respect of Tangier);|
|-||Netherlands (only in respect of Aruba and the Netherlands Antilles);|
|-||New Zealand (only in respect of Cook Islands and Niue);|
|-||Portugal (only in respect of Madeira islands);|
|-||St Vincent and the Grenadines;|
|-||St Kits and Nevis;|
|-||Spain (only in respect of Canary Islands);|
|-||Trinidad and Tobacco;|
|-||United Arab Emirates (only in respect of Dubai);|
|-||United Kingdom (only in respect of (i) Anguilla, (ii) Bermuda, (iii) British Virgin Islands, (iv) Cayman Islands, (v) Chagos Islands, (vi) Channel Islands (Guernsey, Jersey, Isle of Man, Sark, Alderney); (vii) Gibraltar, (viii) Montserrat, (ix) Turks and Caicos Islands, and (x) South Georgia and South Sandwich Islands);|
|-||United States (only in respect of (i) Guam, (ii) Puerto Rico, (iii) Wyoming and Delaware states, and (iv) US Virgin Islands); and|
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