Uzbekistan, South Korea strengthen cooperation in the fight against tax fraud
Tashkent, Uzbekistan (UzDaily.com) -- On 18 October 2020, the Protocol on introducing amendments to the Convention between the Government of the Republic of Uzbekistan and the Government of the Republic of Korea for the avoidance of double taxation and prevention of tax evasion on income and capital of February 11, 1998 entered into force.
According to the Ministry of Foreign Affairs, in accordance with the provisions of the document, the parties have completed the relevant domestic procedures necessary for its entry into force.
The Protocol was signed on April 19, 2019 in Tashkent during the state visit of the President of the Republic of Korea Moon Jae-in to Uzbekistan.
The document provides for the expansion of effective mechanisms for the exchange of information in the tax area to prevent tax evasion.