Uzbekistan: Amendments And Additions To The Tax Code Of The Republic Of Uzbekistan
The Republic of Uzbekistan presents changes to its taxation laws. ... - Continue reading
Category: Uzbekistan
Uzbekistan: Karimova says she returned $1.2Bln to state coffers
The fate of funds in foreign accounts remain in the balance, however.The imprisoned daughter of Uzbekistan’s late president has reportedly published a statement tentatively admitting responsibility for years of larceny and said that she has paid $1.2 billion into the state coffers. Gulnara Karimova’s statement was posted on an Instagram… – Continue reading
Kazakhstan ratifies protocol amending double taxation avoidance deal with Uzbekistan
President of Kazakhstan Nursultan Nazarbayev has signed the law on ratification of the protocol between Kazakhstan and Uzbekistan on avoidance of double taxation of incomes, the press service of the head of state reported Sept. 18. “The head of state has signed the law of the Republic of Kazakhstan “On… – Continue reading
Netherlands, Uzbekistan Sign Anti-Abuse Agreement
The Netherlands has signed a protocol to its double tax avoidance treaty with Uzbekistan, designed to prevent the treaty from being inappropriately used to avoid taxes. The anti-abuse provision was signed by the Netherlands and Uzbekistan on February 7, 2017, and “prevents the benefits of the treaty only [being] used… – Continue reading
Uzbekistan, Romania improve co-op in tax sphere
Uzbekistan and Romania have signed a protocol on making amendments to the convention on avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income and capital, Uzbekistan’s State Tax Committee told Trend. In accordance with this document, it is envisaged to include new provisions meeting… – Continue reading
Uzbekistan, Finland sign protocol to double taxation avoidance agreement
Uzbekistan and Finland signed a protocol on amendments to the Uzbek-Finnish intergovernmental agreement on avoidance of double taxation and prevention of income tax evasion, the Uzbek foreign ministry’s statement posted on its website said. Uzbekistan and Finland signed the agreement on the avoidance of double taxation and prevention of income… – Continue reading
Uzbekistan okays changes to double taxation avoidance deal with Pakistan
A protocol on changes to the Uzbekistan-Pakistan agreement on double taxation avoidance and prevention of income tax evasion has been approved upon the Uzbek President Islam Karimov’s decree. The presidential decree was disseminated by the Uzbek media Feb. 15. Under the decree, the country’s foreign ministry was tasked to send… – Continue reading
Spain and Finland sign new treaty to avoid double taxation and to fight tax fraud
Given that the latest treaty was signed on 15 November 1967, the two countries felt it was appropriate to revise it in full. The new treaty, signed on Tuesday by the Spanish Ambassador to Finland, María Jesús Figa, and the Finnish Minister for Finance, Alexander Stubb, seeks to enable tax… – Continue reading
Germany: Tax treaty with Australia, other countries; stock-for-stock transactions
Germany and Australia signed a new income tax treaty that follows, in some instances, the OECD Model Tax Convention, but not in other instances. For example, the treaty includes definitions for installation permanent establishments (PEs) and agency PEs, with the latter defined with a view to the OECD’s base erosion… – Continue reading
Four further double taxation agreements with Iceland, Cyprus, Estonia and Uzbekistan in force
Bern, 11.24.2015 – Four additional double taxation agreements (DTAs) have entered into force between Switzerland and Cyprus, Iceland, Estonia and Uzbekistan. They contain provisions on mutual assistance in accordance with the internationally applicable standard. At the same time they promote the development of bilateral economic relations. With Cyprus, Switzerland has… – Continue reading
Pakistan, Central Asia in talks to set up big, new economic zone
Nawaz Sharif has turned his full attention for close relations with Central Asian states since the five of them broke away from Russia 23 years ago. Fast track negotiations between Central Asian and Pakistani leaderships are slated to turn their countries into a big, new economic zone. Their desire and… – Continue reading
NAWAZ WANTS ENHANCED COOP WITH UZBEKISTAN
Sign protocol to avoid double taxation Observer Report Wednesday, November 18, 2015 – Tashkent—Prime Minister Nawaz Sharif has said his government is keen to enhance connectivity in the region and wants to increase cooperation with Uzbekistan. In a meeting with Uzbek President Islam Karimov in Tashkent on Tuesday, Nawaz said… – Continue reading
HMRC publishes a policy paper setting out planned negotiations on DTAs and TIEAs
On November 13, 2015 the UK HM Revenue & Customs (HMRC) published a policy paper setting out planned negotiations on Double Taxation Agreements (DTAs) and Tax Information Exchange Agreements (TIEAs). According to the policy paper HMRC will begin negotiations on double taxation agreements with: • Nepal • Romania • Trinidad… – Continue reading
Iranian ambassador takes office in Uzbekistan
Uzbekistan’s Foreign Minister Abdulaziz Kamilov received the copies of credentials of Iran’s new Extraordinary and Plenipotentiary Ambassador Bahman Agharazi Dormani, Uzbek Foreign Ministry said. During the meeting, the sides discussed the status and priority areas of Uzbek-Iranian cooperation in political, trade, economic, cultural, humanitarian and other spheres. They reiterated mutual… – Continue reading
New Report Sounds Alarm on US Corporate Tax Rate
Do your individual clients howl about paying too much federal income tax? Just wait until you get an earful from your business clients. Advertisement A new report from the Tax Foundation, a conservative-leaning think tank located in our nation’s capital, found that the United States has the third-highest marginal corporate… – Continue reading
Uzbekistan, Iran discuss co-op in trade, economic sphere
Issues of the Uzbek-Iranian bilateral relations’ development were discussed during the meeting of Uzbek Foreign Minister Abdulaziz Kamilov with Iranian Ambassador Ali Mardoniy Fard, who is completing his diplomatic mission in the country, said the message released Sept.16 by the foreign ministry of Uzbekistan. During the meeting, the sides exchanged… – Continue reading
REFILE-Swiss law aims to return foreign funds stashed by erstwhile leaders
Aug 24 (Reuters) – Switzerland expects to adopt a new law by the end of the year that will speed restitution of illicit funds stashed in the Alpine country, where thousands of ‘politically exposed persons’ are believed to hold bank accounts, a top Swiss official said on Monday. Swiss authorities… – Continue reading
Uzbekistan, Belgium to exchange tax info
Uzbekistan’s President Islam Karimov has signed a protocol to make amendments to Uzbek-Belgian convention on avoidance of double taxation and prevention of tax evasion on income and capital. Uzbek president’s decree “On approving the international agreement” published in the local media July 13, approves the amendments to the convention of… – Continue reading
Uzbekistan to amend legislation regarding offshore companies
Uzbekistan has developed a draft law on amendments and additions to the Tax Code regarding the companies established by the country’s residents in offshore zones. This remark was made by Uzbekistan’s Prosecutor-General Ikhtiyor Abdullayev, who was addressing the plenary session of the Eurasian Group on combating Money laundering and financing… – Continue reading
Uzbekistan – United States FATCA Agreement Signed
On 3 April 2015, Uzbekistan and the United States signed a Foreign Account Tax Compliance Act (FATCA) Agreement. FATCA seeks to obtain information on accounts held by U.S. taxpayers in other countries. It requires U.S. financial institutions to withhold a portion of certain payments made to Foreign Financial Institutions (FFIs)… – Continue reading
Uzbekistan, US Sign FATCA Agreement
United States and the Republic of Uzbekistan have inked an agreement to adopt of the Foreign Account Tax Compliance Act (FATCA), the press release from the US Embassy in Tashkent has said, according to UzDaily. Ambassador Pamela Spratlen and Chairman of the Uzbek State Tax Committee, Botir Parpiyev penned the… – Continue reading
Obama IRS Shares Private Financial Data With Foreign Tyrants
To comply with unconstitutional pseudo-treaties negotiated by the Obama administration without the consent of Congress or any semblance of constitutional authority, the IRS announced that it will be sharing private financial information on U.S. bank account holders with foreign powers. No warrant is needed for foreign governments or tyrants to… – Continue reading
Swiss Federal Council Adopts Dispatches On New DTAs
The Swiss Federal Council has adopted dispatches on five double taxation agreements, which will now be submitted to Parliament for approval. The treaties with Estonia, Ghana, Iceland, and Uzbekistan either replace or revise the current deals, while the agreement with Cyprus is Switzerland’s first with the territory. All of the… – Continue reading
101 Countries Sign Up For FATCA Network
Foreign Account Tax Compliance Act (FATCA) has been in force for a month and still more countries are joining the tax network. So far, 101 countries and financial jurisdictions have either signed or agreed to join FATCA. FATCA is aimed at identifying US taxpayers with offshore bank accounts and investments. Overseas… – Continue reading
Uzbek president’s daughter friends sentenced for tax evasion
MOSCOW, July 14 (RAPSI) – An Uzbek court has handed down prison sentences to Rustam Madumarov and Gayane Avakyan, close acquaintances of the Uzbek president’s daughter, Gulnara Karimova, the Uzbek language service of Radio Free Europe/Radio Liberty announced on Monday. Radio Ozodlik cited sources as saying that Madumarov and Avakyan were… – Continue reading
