From January 1st 2020 it is expected to take into force the new DTT singed between Cyprus and Kazakhstan. The agreement was signed and ratified on the 15th of May 2019 and is expected to provide new investment opportunities and better protection to tax residents of the two countries.
Below we summarize the benefits of the treaty for your information:
Dividend Income
Interest
Royalties
Capital gains
Gains derived by a resident of a Contracting State from the alienation of shares or similar interests in the capital of a company deriving more than 50 per cent (50%) of their value directly or indirectly from immovable property situated in the other Contracting State may be taxed in that other Contracting State.
The above does not apply to gains derived from alienation of shares listed on an approved stock exchange.
You can contact Globalserve Consultants Ltd for further information This email address is being protected from spambots. You need JavaScript enabled to view it.
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