Senate to consider Kazakh-Russian agreement on facilitating the recognition of residence certificates
The enlarged meeting of the Committee on Finance and Budget of the Senate of the Parliament covered the draft law On Ratification of the Agreement by exchange of notes on the procedure for recognition of official documents confirming residency issued by the competent authorities of the Republic of Kazakhstan and the Russian Federation in the framework of the Convention between the Government of the Republic of Kazakhstan and the Government of the Russian Federation on avoidance of double taxation and prevention of tax evasion on income and capital.
The main objective of the Agreement is to facilitate the procedure. To date, the competent authorities of each country provide their taxpayers a certificate confirming their residency. This document needs an apostil, i.e. a stamp that proves the legitimacy of signature on this document. Taxpayers of Kazakhstan and Atameken NCE proposed to eliminate apostil in the relations between Kazakhstan and Russia, Vice Minister of Finance of Kazakhstan Ardak Tengebayev said presenting the draft law.
According to the Vice Minister, for this initiative implementation purposes, the Finance Ministries of both countries have developed and signed an agreement on the facilitating the recognition of residence certificates. As per the agreement, the non-apostilled certificates of Russias resident taxpayers issued after 2011 should be accepted by the tax authorities of Kazakhstan with no restrictions. The Russian tax authorities will apply the same procedure for receiving the documents of Kazakh taxpayers.
The agreement was concluded on February 22, 2016, in Astana and on March 15, 2016, in Moscow.
After discussion, the Committee decided to submit the draft law for Chambers consideration.
Source: Government of the Republic of Kazakhstan