|Kazakhstan ratified the Convention with Spain about avoidance of the double taxation|
|Astana. January, 14. Kazakhstan Today informs - the Head of the state has signed law РК " About ratification of the Convention between the government of Republic of Kazakhstans and the government of Kingdom of Spain about avoidance of the double taxation and prevention of evasion from the taxation concerning taxes to the income and to the capital and the Report to it(her) ", transfers agency referring to the press-service of president РК.|
As it was informed earlier, the convention is the bilateral international contract and consists with the purpose of elimination of the double taxation. Each of the agreeing states provides to the tax bearer an opportunity to pay the tax only once - in one of the agreeing states. Other state gives it(him) offset for the paid sum of the tax or excludes that part on which the taxation in the other state is already made from the taxed cumulative income, it is marked in the conclusion of committee of the senate under the finance and the budget.
The convention is applied to taxes to the income and to the capital, raised on behalf of the agreeing state or his(its) central bodies, political divisions, local authorities, irrespective of a method of their collection.
The convention between the governments of Kazakhstan and Spain about avoidance of the double taxation and prevention of evasion from the taxation concerning taxes to the income and to the capital and the Report to it(her) were signed in Astana July, 2, 2009.
Source: http: // kt.kz/? lang=rus*uin=1133168007*chapter=1153530 893