Cyprus Signs Double Tax Treaty with Kazakhstan

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This week, Cyprus and Kazakhstan have officially signed and concluded the terms of their double taxation agreement. The DTT provides a standard tax rate for cross-border interest, including defining the treatment of capital gains tax (CGT); and the following other types of income:

Dividend income.
Royalty income.
Withholding tax.
The treaty will also better regulate the exchange of bank account information between the two countries that is specified as per the OECD Model Tax Convention on Income & Capital.