Astana International Exchange (AIX) informs that on January 25, 2019 United Kingdom’s HM Revenue & Customs (HMRC) granted AIX with ‘recognised stock exchange’ status under section 1005 Income Tax Act 2007. This status enables holders of securities listed on AIX to take advantage of certain favourable treatment under the UK tax laws subject to their individual circumstances and conditions applicable under such laws.
AIX’s CEO Tim Bennett commented:
«Obtaining the status of a recognised stock exchange from the UK HM Revenue & Customs is another argument for foreign, in this case British investors, why they should choose AIX as a centre of investment in the Central Asian region. At the same time, we are working to attract the interest of Kazakhstani investors in the projects of domestic business, so that entrepreneurs could raise capital for development in stock market which is more favourable than bank loans».