Due to the active economic interaction between the United Arab Emirates (“UAE“) and the CIS countries, as well as the increased popularity of the process of business incorporation in the commonwealth countries and the UAE, it seems appropriate to consider the issue of double taxation between the UAE and one of the most involved in these processes republic – the Republic of Kazakhstan (“RK“). The main source of regulation in this matter is the bilateral Convention between the countries. This material considers the key aspects of this agreement: general principle of taxation in business activities, applicable taxes (corporate income tax, personal income tax, tax on dividends, royalties and interest), tax rates, exemptions for certain sources of income.
Read more in our alert attached