Israel, Kazakhstan sign agreement to prevent double taxation following lengthy negotiations
The agreement marks another step toward strengthening economic relations between Israel and Kazakhstan, Central Asia's largest economy, as both countries seek to expand cooperation.
Israel and Kazakhstan have signed an agreement to prevent double taxation after more than a decade of negotiations, aimed at facilitating bilateral investment and expanding economic cooperation. The agreement was signed during the tenth meeting of the Israel-Kazakhstan Joint Economic Commission in Jerusalem, with representatives from 12 government ministries attending.
The agreement is expected to make cross-border business activity easier by establishing a framework for determining taxation rights and reducing the risk of the same income being taxed in both countries. Additionally, the two countries signed memoranda of understanding on artificial intelligence, labor, and cybersecurity, as well as a joint declaration on space cooperation.
Brief written by urgent.news from Jerusalem Post's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
