Payroll & HR Administration Services in Astana International Financial Center (AIFC)
Full range of payroll and HR administration outsourcing services for companies in Astana International Financial Center:
- Calculation of wages and payroll tax
- Payroll reporting
- HR record-keeping
- Handling vacations, timesheets, hiring, dismissal and other HR procedures
HR administration services in AIFC
We provide full range of HR administration per AIFC employment regulations: vacations, business trips, compensations and benefits:
- HR documentation preparation and support;
- Handling formalities for recruitment, employee transfer and dismissal;
- Preparing employment contracts, additional agreements;
- Keeping HR documentation, coordinating personal data storage;
- Handling vacation and business trip paperwork;
- Handling promotion/incentive paperwork;
- Handling formalities to hire individuals under civil law contracts;
- Handling formalities for work on weekends and public holidays;
- Preparing certificates for employees;
- Administering employment record books;
- Preparing timesheets;
- Preparing necessary reports for client and state authorities.
Payroll outsourcing services in AIFC
We provide payroll calculation as per IFRS depending on the accounting policies and AIFC rules and regulations:
- All tax return forms provided by the Tax Code and AIFC Tax Rules and Regulations;
- Calculation of salaries for worked hours;
- Calculation of vacation pay;
- Calculation of compensation for unused vacation days upon termination;
- Calculation of payments for sick leave;
- Calculation of bonus payments;
- Calculation of business trip expenses based on the average salary amount;
- Calculation of other compensation payments;
- Calculation and deduction of personal income tax (PIT) from salaries;
- Calculation of contributions to the social security fund;
- Transmission of payroll and tax data for money transfers;
- Monthly submission of payroll statement to the director or other authorized representative of the client;
- Monthly automatic submission of payslips to employees or authorized representatives of the client (in electronic form);
- Importing payroll data into accounting software: filling out reports on payroll expenses for verification and registration;
- Preparation of reports for regulatory authorities.
Shadow payroll services in AIFC
- Correct calculation and payment of taxes and social security for an extrapolated employee who works in another country but retains tax and social obligations in his country;
- Identification and reporting local tax and social obligations in a country where an employee does not receive a salary.
About AIFC
AIFC is a territory within Astana city with precisely defined boundaries determined by the President of the Republic of Kazakhstan in which a special legal regime in the financial sector operates. AIFC is widely recognized as the financial institution and a hub for finance in the region encompassing Central Asia and Eastern Europe.
One of the main advantages of AIFC center is that legal framework is based on the principles, norms and precedents of the law of England and Wales and (or) standards of the world’s leading financial centers but in relation to issues not regulated by the Constitutional Law and acts of the Center, the current law of the Republic of Kazakhstan applies. AIFC has become a popular jurisdiction hosting various types of companies from financial services companies to holding companies, IT, oil & gas, crypto, and many others.
Additionally, in order to support companies and investors, the AIFC provides tax incentives, for example, exemption from corporate income tax (depending on the type of activity), from individual income tax (certain categories of persons), property tax and land tax, value added tax (according to the Centre conditions).
Learn more about the benefits of AIFC
Leading positions
Konsu is one of the leading consulting companies in Russia. We have been included in the following ratings of the rating agency Expert RA:
- Top-10 in accounting outsourcing
- Top-10 in payroll outsourcing
- Top-15 in financial consulting
- Top-15 in legal consulting
Send message
Please describe your situation and we will find an optimal solution for your business.
info@konsugroup.com