Kazakhstan, Armenia to avoid double taxation

AKIPRESS.COM - Kazakhstan's Mazhilis approved the draft law on avoiding the double taxation between Kazakhstan and Armenia, local media reported.
The bill was presented by the First Vice Prime Minister and Minister of Finance Alikhan Smailov at the plenary session of the Parliament.
The draft bill aims to develop and strengthen bilateral economic, trade and investment cooperation, the draft law on ratification of the agreement on the procedure of recognizing official residence proof documents issues by relevant bodies of Kazakhstan and Armenia as part of the Convention between the government of Kazakhstan and Armenia on double tax avoidance and prevention of tax evasion towards taxes for income and property and the Protocol dated November 6, 2006, Smailov noted.
The agreement is a bilateral international agreement and is concluded to ease the procedure of recognizing official documents confirming the residence issued by the bodies of the two countries.
This will allow the tax payers of the countries to avoid the risk of double taxation.
The agreement is one of the measures of the EAEU aimed at further development of relations of the countries, Smailov added.