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  • Eliminating double tax

    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.
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