ASTANA, Kazakhstan, April 22. Kazakhstan and
Oman are strengthening economic cooperation following the
ratification of a bilateral tax agreement by the Mazhilis (lower
house of parliament), Trend reports via the Mazhilis.
The agreement, signed between the governments of Kazakhstan and
Oman in May 2025, aims to eliminate double taxation and prevent tax
evasion with respect to taxes on income and capital, along with a
related protocol.
The document is expected to create more favorable conditions for
investment and boost bilateral trade by providing greater clarity
and predictability in tax matters.
Under the agreement, key provisions cover the determination of
tax residency, the establishment of permanent establishments, and
the allocation of taxable income, including dividends, interest,
royalties, and business profits. It also ensures non-discrimination
in taxation and introduces a mutual agreement procedure between the
competent authorities of both countries.
In addition, the agreement предусматривает mechanisms for the
exchange of tax information, which is expected to enhance
transparency and help combat tax evasion. It also includes
provisions aimed at protecting investors’ rights and improving the
efficiency of tax administration.
