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Agreement between the Ministry of Finance of the Republic of Kazakhstan and Ministry of Finance of Ukraine on cooperation

of September 17, 1999

Ministry of Finance of the Republic of Kazakhstan and Ministry of Finance of Ukraine, further Contracting Parties,

wishing to develop and expand the cooperation relations in financial, tax, cash and other economic spheres that conforms to requirements and practice of the international market,

aiming to integrate gradually economies of the Republic of Kazakhstan and Ukraine into world financial communications,

for the purpose of assistance to the international currency cooperation between the Republic of Kazakhstan and Ukraine,

considering the deep changes happening in economic development of the Republic of Kazakhstan and Ukraine and proceeding from mutual interest in effective solution of objectives

agreed as follows:

Article 1

Contracting parties will promote deepening of cooperation, carrying out permanent consultations and experience exchange concerning financial credit relations, in particular:

- enhancement of organizational structure of financial and tax authorities in the conditions of economic independence and transition to the market relations;

- upgrades of process of forming and budget implementation;

- basic principles and approaches to forming of effective system of taxes, payments and charges (direct and indirect taxes);

- creations of necessary databank for ensuring effective control behind completeness of tax payment and charges;

- the principles and approaches to use of foreign investments in structural adjustment of economy;

- forming of the effective mechanism of social protection of the population and sources of its financing in the conditions of market economy;

- applications of provisions of the legislation governing the currency relations in the Republic of Kazakhstan and Ukraine, financial provision of foreign policy activities and implementation at the same time of non-commercial payments;

- economic levers of salary adjustment and prices;

- enhancement of the regulatory legal base on regulation of the market of government securities.

Article 2

Contracting parties it agrees to the legislation existing in their territories will promote creation of joint businesses, organizations and development of investment cooperation between the Republic of Kazakhstan and Ukraine.

Article 3

For the purpose of creating favorable conditions for business activity Contracting Parties will promote realization of provisions of the Convention between the Government of the Republic of Kazakhstan and the Government of Ukraine on avoidance of double taxation and prevention of tax evasion concerning taxes on the income signed in the city of Kiev on July 9, 1996.

Contracting parties, by mutual consent, can hold consultations or negotiations with each other for the solution of the arising questions in case of interpretation or application of the Convention, and also to communicate, this Convention, necessary for accomplishment of provisions, concerning taxes to which it extends at the same time exchange of information is not limited to the information about residents of Contracting Parties.

Article 4

Contracting parties if necessary will create the interdepartmental commissions for studying of questions, carrying out the scientific research which are of mutual interest to two countries.

Article 5

Contracting parties express interest in permanent exchange of information concerning financial and economic development of the Republic of Kazakhstan and Ukraine.

Article 6

Contracting parties agreed about creating favorable conditions for experience exchange, including training of the corresponding specialists, holding scientific and practical conferences and seminars, on the questions entering competence of the Ministry of Finance of the Republic of Kazakhstan and the Ministry of Finance of Ukraine.

Article 7

In case of need to this Agreement additions and changes under approval of Contracting Parties which are drawn up by the separate protocols which are integral part of This Agreement can be made.

Article 8

This agreement becomes effective from the date of its signing and will be effective so far one of Contracting Parties will not report through diplomatic channels to other Contracting Party, not later than six months, about the intention to stop its action.

It is made in Kiev on September 17, 1999 in duplicate, everyone in the Kazakh, Ukrainian and Russian languages, and all texts are equally authoritative.

In case of disagreements between Contracting Parties concerning interpretation of the text of this agreement the text in Russian prevails.


For the Ministry of Finance of the Republic of Kazakhstan 

For the Ministry of Finance of Ukraine

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

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