On 4 March 2015, Kazakhstan's lower chamber of parliament approved for ratification the pending income tax treaty with Vietnam. The treaty, signed 31 October 2011, is the first of its kind between the two countries.
The treaty covers Kazakhstan individual income tax and corporate income tax, and covers Vietnamese personal income tax and business income tax.
The treaty includes the provision that a permanent establishment will be deemed constituted if an enterprise furnishes services in a Contracting State through employees or other engaged personnel for the same or connected projects for a period or periods aggregating more than 6 months within any 12 month period.
Both countries apply the credit method for the elimination of double taxation.
The treaty will enter into force 30 days after the ratification instruments are exchanged, and will apply from 1 January of the year following its entry into force.
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