On 16 November 2009, the President signed the Law No. 200-IV 3PK which postpones until 2013 the following: Corporate tax and withholding tax It was announced in 2008 corporate income tax rate, as well as the withholding tax rate on other income received by non-resident companies and individuals which are not connected to a permanent establishment in Kazakhstan, would be reduced from 20% to 17.5% in 2010 and to 15% in 1 January 2011. The reductions are now postponed to 2013 and 2014 respectively.