14:45, 25 September 2013 | GMT +5
Majilis approves ratification of Convention b'w Kazakhstan & Luxembourg on double taxation avoidance
ASTANA. September 25. KAZINFORM - Majilis at the plenary meeting in Astana has approved a draft law "On the ratification of the Convention between the Government of the Republic of Kazakhstan and the Government of the Grand Duchy of Luxembourg for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income and on capital".

In addition, there was approved the protocol on amendments and additions to the Convention between the Government of the Republic of Kazakhstan and the Government of the Grand Duchy of Luxembourg for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income and on capital, signed in Astana on June 26, 2008.
Trade turnover between Kazakhstan and Luxembourg reaches USD 7.7 million at the expense of imports. Thirty two enterprises and two branch offices-offices of a Luxembourg company involving Luxembourg funds are currently registered in Kazakhstan.