Kazakhstan was entitled under the terms of the agreement to
continue until 1 January 1998 to charge the 5 per cent rate
differential which, at the time of entry into force of the
Agreement, existed in Kazakhstan law between the taxes imposed on
residents of the United Kingdom and enterprises of Kazakhstan.
After 1 January 1998, the taxes imposed on residents of the UK
under the laws of Kazakhstan are charged at the same rate as the
taxes imposed on Kazakhstan enterprises.
However, from 1 January 1999, where a United Kingdom company
trades in Kazakhstan through a permanent establishment there and
the year’s profits attributable to that permanent
establishment exceed £70,000, those profits may be subjected
to an additional Kazakhstan tax not exceeding 5 per cent of those
profits.
