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Armenia, UK Sign Double Tax Treaty

by Jason Gorringe, Tax-News.com, London

19 July 2011


The governments of the United Kingdom and Armenia have signed a tax agreement to assign the taxing rights of the two nations to ensure that income is not taxed twice.

According to a statement from the Armenian government, a convention for the avoidance of double taxation with respect to taxes on income and other assets was signed by the Armenian Foreign Affairs Minister, Edward Nalbandian and the UK Minister for European Affairs, David Lidington, in London on July 13.

At the meeting, matters of joint interest were discussed including dialogue on how bilateral relations in various spheres can be enhanced. It was noted by the Armenian government that the double taxation agreement will facilitate increased trade and investment ties between the two countries by providing increased certainty and improved tax treatment for investors.

The agreement requires ratification by both countries before it can become effective.

TAGS: tax | double tax agreement (DTA) | trade treaty | Armenia | United Kingdom | trade

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