EDB`s FATCA status

The Agreement between the Government of the Republic of Kazakhstan and the Government of the United States of America on the improvement of international tax discipline was signed on September 11, 2017 and entered into force on April 05, 2022. This Agreement determines, in particular, the status of international organizations based in the territory of the Republic of Kazakhstan for the purposes of U.S. Foreign Account Tax Compliance Act (FATCA).  

In accordance with the abovementioned Intergovernmental Agreement international organizations shall be treated as Non-Reporting Financial Institutions of the Republic of Kazakhstan and as exempt beneficial owners for purposes of sections 1471 and 1472 of the U.S. Internal Revenue Code (other than with respect to a payment that is derived from an obligation held in connection with a commercial financial activity of a type engaged in by a Specified Insurance Company, Custodial Institution, or Depository Institution), if such intergovernmental organizations (including supranational organizations):

  • are comprised primarily of non-U.S. governments;

  • have in effect a headquarters agreement with the Republic of Kazakhstan;

  • their income does not inure to the benefit of private persons

The Eurasian Development Bank (EDB, the Bank) – an international financial organization established in 2006 based on an intergovernmental agreemen. The headquarters of the Bank are located at: Republic of Kazakhstan, Almaty city, Dostyk Avenue 220. 

Taking into account the international status of the Bank, the nature and objectives of its activities and in accordance with the official position of the Ministry of Finance of the Republic of Kazakhstan, EDB has certified itself as an International Organization for purposes of FATCA. 

The completed Self-Certification Form W-8BEN-E is available upon reasonable request of the counterparty.