ELIMINATING DOUBLE TAX
A1plus
| 13:40:26 | 29-06-2005 | Official |
Today those responsible for the economy of Armenia and Syria opened
a new page in the historical friendship of the two countries. In the
Finance and economy Ministry the deputy Ministers of Finance of both
countries signed a document which is called “Agreement about avoiding
double tax of Profit”.
The Armenian deputy Minister of finance Tigran Khachatryan considered
the signature of the document the expression of the historical
friendship. The Syrian deputy Finance Minister Mohamad Khader Alseyd
Ahmad said that the preparation of the agreement demanded 2 year of
hard work from the Governments of both countries.
He claimed that the Parliament of his country will ratify the agreement
as soon as possible. Tigran Khachatryan claimed the same, conditioning
the 2-month delay by the summer vacation of the Parliament.
The document about avoiding double taxation regulates the activity
of the businessmen of a country in the other, and helps them to avoid
paying both income tax and profit tax.