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Finance 19/09/2015 Uzbek-Spanish convention on avoiding double taxation comes into force
Uzbek-Spanish convention on avoiding double taxation comes into force
Tashkent, Uzbekistan (UzDaily.com) -- A convention between Uzbekistan and Spain on avoiding double taxation and preventing tax evasion on income and capital came into force on 19 September 2015, the press service of the Ministry of Foreign Affairs said.

Foreign political body of Uzbekistan recalled that Uzbekistan and Spain signed the convention on 8 July 2013.

The Convention provides the conditions under which legal entities and individuals of Uzbekistan and Spain will not be double-taxed with the same kind of income earned in the state and the partner country. The international agreement will help attract mutual investment and develop trade and economic cooperation between the companies and the entrepreneurs of the two countries.

The Convention also envisages cooperation between the tax authorities of Uzbekistan and Spain in order to prevent tax offenses.

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