Armenia to exclude double taxation with Israel, Kyrgyzstan the Seychelles and Uzbekistan
The government of Armenia has approved today an agreement on the exclusion of double taxation and prevention of tax evasion with respect to property and income taxes signed with Israel on July 25, 2017.br / br /
YEREVAN, March 22. /ARKA/. The government of Armenia has approved today an agreement on the exclusion of double taxation and prevention of tax evasion with respect to property and income taxes signed with Israel on July 25, 2017.br
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Minister of Finance Vardan Aramyan said nbsp;the purpose of the agreement is to eliminate double taxation in foreign trade between the two states, to prevent tax discrimination against economic entities of the parties, to exclude double taxation on property and income, and to create a predictable and stable tax environment for businesses.nbsp;br
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Armenia has already ratified similar agreements with 46 countries. Three more such agreements will be signed with Kyrgyzstan, the Seychelles, and Uzbekistan nbsp;later this year.br
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According to the ministry of finance, before 2022 Armenia will sign similar agreements with 8 more countries and will offer the USA to sign it. -0-br
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