Kazakhstan President Signs Law Ratifying Protocol to DTA with Singapore
July 4 — Kazakhstan’s President Nursultan Nazarbayev signed July 1 a law ratifying the protocol amending the agreement between Kazakhstan and Singapore on the avoidance of double taxation.
The two countries signed a protocol April 9, 2013 to amend Article 25 of the double tax treaty to align provisions with the Organization for Economic Cooperation and Development’s international standard for information exchange and transparency.
According to Article 3 of the protocol, the changes will have effect after both parties have notified each other of the completion of their respective ratification procedures and will apply for taxable periods beginning on or after Jan. 1 in the calendar year following the protocol’s entry into force.
The law ratifying the protocol was approved by the Kazakhstani lower house of parliament, the Majilis, May 14, 2014 and by the Senate June 19, 2014.
