OREANDA-NEWS. January 20, 2015. At the plenary session Senate of the Kazakh Parliament has adopted the Law "On Ratification of the Agreement between the Government of the Republic of Kazakhstan and the Government of the State of Qatar for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income and the Protocol to the Agreement between the Government of the Republic of Kazakhstan and the Government of the State of Qatar for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income."

"The purpose of the Agreement is to strengthen and expand economic cooperation between Kazakhstan and Qatar by creating cleared conditions for investment. The Agreement is concluded to avoid double taxation. The taxpayer is given the opportunity to pay the tax only once in one of the contracting states," Minister of Finance Bakhyt Sultanov said presenting the bill.

According to him, the trade turnover between the two countries was amounted to 884,5 thousand US dollars in 2013. The main articles of Kazakhstan's export are machinery and equipment, including electrical equipment. Such products as boilers and equipment, ferrous metals are dominated in the structure of imports.