Agreements like the Double Tax Treaties, are designed to regulate taxation issues related to income from immovable property, business profits, income from international traffic and personal services, dividends, interest, royalties and other types of income. Such treaties eliminate double taxation of such income.
The adoption of the resolution draft, successful negotiation to the terms of the agreement, its signing and ratification will expand economic cooperation between the countries and create favorable conditions for investment.
The Ministry of Finance of Kazakhstan has made the first step toward this direction and drafted a resolution on behalf of the Government of the Republic of Kazakhstan titled “On signing an agreement between the Government of the Republic of Kazakhstan and the Government of the Republic of Indonesia on avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.”
As of today, the resolution draft on signing the agreement is under negotiation.