ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of June 23, 2014 No. 693

About determination of the legal entity to which the concession the bank which is national institute of development which controlling stock the national managing holding owns of rights to claim on the credit (loan) is not recognized the income from decrease in the sizes of provisions (reserves) and which income from concession the rights to claim acquired in connection with the redemption from the bank which is national institute of development which controlling stock the national managing holding owns of the rights of requirements for the credits (loans) are subject to exception of gross annual income

According to subitem 4-2) of Item 2 of Article 90 and subitem 14-3) of Item 1 of article 99 of the Code of the Republic of Kazakhstan of December 10, 2008 "About taxes and other obligatory payments in the budget" the Government of the Republic of Kazakhstan DECIDES: (Tax code)

1. Determine Investment Fund of Kazakhstan joint-stock company the legal entity:

1) to which the concession the bank which is national institute of development which controlling stock the national managing holding owns of rights to claim on the credit (loan) is not recognized the income from decrease in the sizes of provisions (reserves);

2) the income of which from concession the rights to claim acquired in connection with the redemption from the bank which is national institute of development which controlling stock the national managing holding owns of the rights of requirements for the credits (loans) are subject to exception of gross annual income.

2. Declare invalid the order of the Government of the Republic of Kazakhstan of July 22, 2013 No. 733 "About determination of the legal entity to which the bank which is national institute of development which controlling stock the national managing holding owns yields rights to claim on the credit (loan) and which income from concession the rights to claim acquired in connection with the redemption from the bank which is national institute of development which controlling stock the national managing holding owns of the rights of requirements for the credits (loans) are subject to exception of gross annual income".

3. This resolution becomes effective from the date of its signing, is subject to official publication and is effective till January 1, 2016.

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