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Finance 21/06/2012 Uzbek-Czech protocol to agreement on avoiding double taxation comes into force
Uzbek-Czech protocol to agreement on avoiding double taxation comes into force
Tashkent, Uzbekistan (UzDaily.com) -- A protocol to the agreement between Uzbekistan and Czech Republic on avoiding double taxation and preventing deviation from payment of tax from income and property came into force, the Czech Embassy in Tashkent said.

The protocol has been signed in Prague on 8 December 2011. The protocol will be valid in both countries, the embassy said.

The bilateral agreement on avoiding double taxation and preventing deviation from payment of tax from income and property is effective for over eleven years.

The document came into force on 15 January 2011. After conducted studies, the Czech side offered the Uzbek party to sign additional protocol to the agreement. The protocol expands article 27 of the agreement, which regulates information exchange on types of taxes.

The protocol, which is part of the agreement, will help to improve coordination activities of tax bodies of two states, directed at preventing cases on tax evasion and fraud.

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