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IMPACT – LOW
What is the change? Kazakhstan has approved a budget that will keep the minimum wage at 42,500 Kazakhstani tenge (about US$110) per month for 2020.
What does the change mean? Companies should ensure that all work permit applications meet or exceed the threshold salary levels for foreign workers.
Analysis & Comments: Kazakhstan’s minimum monthly salary was raised significantly in 2019 but will remain stable in 2020. Foreign employees in Kazakhstan must meet strict criteria as highly-qualified workers, experts or executives, and their salaries typically already exceed the thresholds.
Source: Deloitte. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities. DTTL (also referred to as “Deloitte Global”) and each of its member firms are legally separate and independent entities. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more. Deloitte Legal means the legal practices of Deloitte Touche Tohmatsu Limited member firms or their affiliates that provide legal services. For legal, regulatory and other reasons, not all member firms provide legal services. This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms or their related entities (collectively, the “Deloitte network”) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser. No entity in the Deloitte network shall be responsible for any loss whatsoever sustained by any person who relies on this communication. © 2019. For information, contact Deloitte Touche Tohmatsu Limited.
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