CONVENTION BETWEEN THE REPUBLIC OF KAZAKHSTAN AND JAPAN FOR THE AVOIDANCE OF DOUBLE TAXATION WILL APPLY FROM JANUARY 1, 2010

President of the Republic of Kazakhstan Nursultan Nazarbayev on November 30, 2009 signed the Law "On ratification of the Convention between the Republic of Kazakhstan and Japan for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income".

According to the Article 28 of the Convention it will enter into force on December 30, 2009 and will apply from January 1, 2010.

The Convention adjusts the taxation rights between the Republic of Kazakhstan and Japan to avoid international double taxation arising from economic and human exchanges.

Reflecting the strengthened economic relations between the Republic of Kazakhstan and Japan, the Convention clarifies the limit of withholding tax rates imposed on dividends, interest and royalties (copyrights, patents and others), to promote mutual investments.  

It is expected that the Convention will further strengthen the economic relations between the two countries.