Cyprus – Kazakhstan Double Tax Treaty

Cyprus – Kazakhstan Double Tax Treaty

By: P. Constantinou & Co Ltd

At the end of December 2019, the Cyprus – Kazakhstan Double Tax Treaty was signed by the President of Kazakhstan, which was previously ratified by Cyprus in May 2019. The Treaty will have full effect on the 1st of January 2021.

Along with many other aspects that affect trading and business between the two states, a summary of the main provisions and benefits of the Treaty is given below.

  • On Interest, a 10% withholding tax on gross interest will apply.
  • On royalties, a withholding tax of 10% on gross royalties will apply.
  • Regarding dividends, a 5% Withholding tax on gross dividends applies if the beneficial owner is a company (other than a partnership) which holds directly at least 10% of the capital of the company paying the dividends. A 15% Withholding tax on gross dividends will apply in all other cases.
  • On Capital Gains derived by a resident of a State from the disposal of shares or comparable interests in the capital of a company deriving more than 50% of their value directly or indirectly from immovable property situated in the other State, may be taxed in that other State. This does not apply to gains derived from the disposal of shares of companies listed on an approved stock exchange. Any other disposal of shares is taxed in the State of the person disposing of the shares.
  • Gains derived from offshore activities by an enterprise of a State from the disposal of shares or comparable interest deriving their value or the greater part of their value directly or indirectly from exploration or exploitation rights and/or movable property situated in the other State and used in connection with offshore activities carried on in that other State may be taxed in that other State.

Kazakhstan is the biggest landlocked country in the world with a total area of 2.7 million sq. kilometers, a population of 18. 5 million citizens and a nominal GDP of around 164 billion USD. Its booming economy relies mainly on oil, gas and mineral exploration and trading and is considered the dominant economic player in the Central Asia region.

For more information about how you or your business can benefit from the Cyprus – Kazakhstan Double Tax Treaty feel free to contact our expert team of advisers.Location 

Show more
Show less

Tags: Accountant in Cyprus, Accountants in Cyprus, Accountants In Larnaca Cyprus, Accountants In Paphos Cyprus, Accounting And Audit Firms In Cyprus, Accounting association in Cyprus, Accounting Consultation, Accounting firms in Cyprus, Accounting Firms In Limassol Cyprus, Accounting Firms In Nicosia Cyprus, Accounting offices in Cyprus, Accounting services in Cyprus, audit firms in Cyprus, Auditors in Cyprus, Best Accounting Firms In Cyprus, Budgeting and Forecasting in Cyprus, Business advisors in Cyprus, Business in Cyprus, Business Risk Analysis, Certified Accountants In Cyprus, Chartered Accountants In Cyprus, Consultancy in corporate investment, Cyprus Accountant, Cyprus Accountants, Cyprus Accounting firms, Cyprus Accounting offices, Cyprus Assurance & Advisory, Cyprus audit firms, Cyprus Audits, Cyprus banking services, Cyprus Best Accountants, Cyprus Bookkeeping, Cyprus Business Consultancy, Cyprus business consultants, Cyprus chartered accountants, Cyprus Chartered Accountants, Cyprus consultants, Cyprus Corporate Finance, Cyprus corporate services, Cyprus corporate services providers, Cyprus Corporate Tax Services, Cyprus corporation tax, Cyprus Financial Advice, Cyprus Financial Consultancy, Cyprus financial planning, Cyprus financial services, Cyprus Human Capital, Cyprus International Business, Cyprus Investment & Wealth Managing, Cyprus IT Services, Cyprus Management Consultancy, Cyprus tax, Cyprus Tax Consultants, Cyprus tax information, Cyprus Tax Planning, Cyprus Value Added Tax (VAT), Cyprus Value Added Tax Services, Cyprus wealth management, Fund services in Cyprus, International tax planning, Investment in Cyprus, List Of Accounting Firms In Cyprus, List Of Accounting Firms In Cyprus, List Of Auditors In Cyprus, Off Shore Cyprus (Services), Performance and assets monitoring, Registered Auditors In Cyprus, Registration of Cyprus Companies, Registration of Offshore Companies, Special Purpose Audits, Starting a business, Tax Benefits Cyprus, Tax planning in Cyprus, Top Accounting Firms In Cyprus, Trustee and fiduciary services

FIND A LAW FIRM

Popular Practices

© Accountants in Cyprus. All Rights Reserved. Designed by Ideaseven.com
Accountants In Cyprus - LogoAccountants In Cyprus - Logo