Notification for non-resident depositors

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Notification for non-resident depositors

Dear customers!

Please be informed that, in accordance with clause 644 of the new Tax Code of the Republic of Kazakhstan, starting from January 1, 2018, income derived from investment deposits placed with the Bank by individuals who are not resident in the Republic of Kazakhstan is subject to withholding for individual income tax purposes. Income derived from investment deposits of individual non-residents will be subject to withholding tax at a 15% rate or, for those who are registered in a tax haven state, at a 20% rate.