Uzbekistan, Kazakhstan introduces changes to agreement on avoiding double taxation

22/05/2017 | Uzbekistan

Tashkent, Uzbekistan (UzDaily.com) -- President of Uzbekistan Shavkat Mirziyoyev approved a protocol on introducing amendments and additions to the Agreement between the Governments of Kazakhstan and Uzbekistan on avoidance of double taxation of income and property.

The agreement was signed on 12 June 1996. The protocol to the agreement was signed in Astana on 23 March 2017.

The protocol consists of 16 articles. The document corrects the meaning of some terms used in the document and fixes the priority of the tax legislation of the states in relation to other branches of law in their interpretation.

At the same time, amendments and additions were made to articles regulating the activity of permanent institutions and procedure for their taxation within the framework of the Agreement. In addition, the mechanisms of information exchange between the authorized bodies of the states the interaction in collecting taxes are described in more details.

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