Kyrgyzstan, Azerbaijan Hold Talks On Double Taxation, Tax Evasion
(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 5. Kyrgyzstan and
Azerbaijan are holding negotiations on agreement on avoidance of
double taxation and prevention of evasion from payment of taxes,
trend reports via
the Ministry of Economy of Kyrgyzstan.
The Kyrgyz side is presented by the representatives of the
Ministry of Economy of Kyrgyzstan and the State Tax Service under
the Ministry of Finance of the Kyrgyzstan. The negotiations started
on April 4 in Baku.
Currently, Kyrgyzstan is working on establishment of bilateral
agreements with different countries, aimed at regulating tax
relations between partner countries by granting each state the
right to tax certain types of income and capital.
The main goal of the agreements is to eliminate double taxation
in different countries.
The agreements on the avoidance of double taxation are also
considered as a means of attracting foreign direct investment into
the economy of Kyrgyzstan.
In addition, the main tasks of such agreements are to protect
residents of one state from discriminatory taxation in another
contracting state, prevent tax evasion or abuse of the provisions
of the agreements, and mutual exchange of information between the
competent authorities of the contracting states.
MENAFN05042023000187011040ID1105948335
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.