Kazakh Senate OKs agreement with Macedonia for avoidance of double taxation

ASTANA. KAZINFORM - The draft law "On ratification of the Agreement between the Government of the Republic of Kazakhstan and the Government of the Republic of Macedonia for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income" has been endorsed by Senate, the upper chamber of the Kazakh Parliament, at a plenary session today.

"The agreement is called to strengthen and expand economic cooperation between Kazakhstan and Macedonia by creating favorable conditions for investments," said Minister of Finance Bakhyt Sultanov, introducing the bill.

In his words, it envisages the avoidance of double taxation for businesses and individuals of both Kazakhstan and Macedonia. The agreement also stipulates exchange of information between tax agencies of Kazakhstan and Macedonia.

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