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  • Agreement For The Avoidance Of Dual Taxation Signed Between TheGover

    AGREEMENT FOR THE AVOIDANCE OF DUAL TAXATION SIGNED BETWEEN THE GOVERNMENTS OF ARMENIA AND SYRIA

    YEREVAN, June 29. /ARKA/. An agreement for the avoidance of dual
    taxation was signed between the governments of Armenia and Syria by
    Deputy Ministers of Finance of two countries Tigran Khachatryan and
    Mohamad Hader Alseid Ahmad. The agreement aims at exclusion of dual
    taxation of income and tax discrimination between the sides, which is
    a necessary condition for compliance with other economic agreements and
    reached understanding. According to Syrian Deputy Minister of Finance,
    the agreement testifies to the intensive development of relations
    between the countries. He added that the agreement consisting of
    29 articles, regulates tax field and refers to tax on profit and
    income-tax. Hamad expressed his belief that the agreement will become
    the stimulus for the Armenian and Syrian investors and businessmen
    to make investments in two countries. He added that the parliament
    of Syria will ratify the document in the shortest possible time period.

    In his turn Khachatryan noted that the agreement will become one
    more step on the way to economic cooperation. According to him,
    the document specifies the work environment for the households,
    and in separate cases it provides for softer terms of taxation than
    local legislations provide for. "Signing of the agreement will give
    stimulus to households of two countries, and after it comes in force
    it will yield the results already next year", he said. Khachatryan
    expressed his belief that the agreement will be ratified by the
    Armenian parliament already in autumn 2005. A.H.-0--
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