BAKU, Azerbaijan, February 13. To further strengthen the exchange of tax information, Kazakhstan is ready to expand its cooperation with Azerbaijan within international initiatives, enhance bilateral data exchange mechanisms, and boost the digitalization of tax administration, said Kairat Dzhumagulov, Deputy Chairman of the State Revenue Committee of Kazakhstan’s Ministry of Finance, in an interview with Trend.
According to him, tax and financial cooperation between Kazakhstan and Azerbaijan is developing actively and is supported both by bilateral and multilateral mechanisms. One of the key tools in this cooperation is the Convention between the two countries on avoiding double taxation. "This convention plays a crucial role in creating a transparent tax environment and eliminating double taxation for businesses and citizens in both countries," he noted.
Kazakhstan and Azerbaijan also actively collaborate within the Coordinating Council of Tax Authorities (CCTA), which enables them to exchange experiences, share best practices, and improve tax administration. "We are also involved in international initiatives focused on tax transparency, including the automatic exchange of financial information under the Common Reporting Standard (CRS) and information exchange upon request (EOIR) in line with the OECD Global Forum requirements," Dzhumagulov added.
He also highlighted the potential for cooperation between the two countries within the Turkic States Organization. "This potential is significant, given the shared historical and cultural ties between our peoples. It fosters a deeper mutual understanding, strengthens trust, and facilitates cooperation not just in the economic, but also in the cultural sphere," he said.
In addition, Kazakhstan and Azerbaijan play a pivotal role in the development of the Trans-Caspian International Transport Route, which is a key trade link between Asia and Europe. "This cooperation enables both countries to leverage transit opportunities and develop energy partnerships, particularly in the transportation and processing of energy resources," Dzhumagulov explained.
He also stressed the importance of strengthening bilateral cooperation on the international stage. "The signing of several key documents at the X Meeting of Customs Administrations in Baku, including the roadmap for implementing the eTIR procedure, marks an important step toward simplifying customs procedures and improving information exchange between our countries," he concluded.