Senate ratifies Convention between Kazakhstan and Japan on double taxation avoidance

sp;ASTANA. November 12. KAZINFORM /Muratbek Makulbekov/ The Kazakh Senate has adopted the Law "On ratification of the Convention between Kazakhstan and Japan on avoidance of double taxation and prevention of tax avoidance in regard to revenue-based levy and Protocol to the Convention" at the plenary session.

As Minister of Finance Bolat Zhamishev noted, the Convention and Protocol to it were signed in Tokyo on December 19, 2009.

"I want to note the important role of this tax convention as the legislative basis in the taxation issues between the two states. The convention existence will guarantee stability of the tax relations, prevent double taxation of incomes and assist to develop and strengthen economic, scientific-technical and cultural cooperation between Kazakhstan and Japan", the Minister said.