Finance Minister of the Czech Republic Miroslav Kalousek and the chairperson of the State Tax Committee of Uzbekistan Botir Parpiev signed the protocol to the agreement in Prague.

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

During the signing ceremony, the sides also discussed actual economic issues and possibilities on expanding mutual beneficial cooperation.