Uzbek­istan, Lux­em­bourg Sign Pro­to­col

Uzbekistan Today (English) - - WORLD -

On the in­vi­ta­tion of the Min­istry of Fi­nance of the Grand Duchy of Lux­em­bourg, Chair­man of the State Tax Com­mit­tee of the Repub­lic of Uzbek­istan, Botir Parpiev, vis­ited the Euro­pean coun­try.

Dur­ing the talks, the sides signed Pro­to­col on Amend­ments to the Con­ven­tion be­tween the Repub­lic of Uzbek­istan and Lux­em­bourg on avoid­ing dou­ble tax­a­tion and pre­vent­ing eva­sion from taxes on in­come and cap­i­tal. The doc­u­ment in­tro­duces new pro­vi­sions in ac­cor­dance with in­ter­na­tional stan­dards of tax trans­parency.

A meet­ing took place dur­ing the visit with the lead­er­ship of the Lux­em­bourg Cham­ber of Com­merce, dur­ing which it was noted that today both sides have a unique op­por­tu­nity to bring the bi­lat­eral turnover to a new level. The nec­es­sary le­gal frame­work (the Dou­ble Tax­a­tion Con­ven­tion and the In­vest­ment Pro­tec­tion Agree­ment) is the guar­an­tor for Lux­em­bourg in­vestors in busi­ness con­duct in Uzbek­istan.

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