Kyrgyzstan ratifies tax treaty with Turkmenistan
Ashgabat, Turkmenistan, Oct. 20
By Huseyn Hasanov – Trend:
The agreement on elimination of double taxation and prevention of tax evasion in relation to income taxes has been ratified between the Kyrgyz and Turkmen governments, Trend reports referring to Kyrgyzstan’s law.
This law was signed by Kyrgyz President Sooronbay Jeenbekov and will enter into force on October 24, 2019.
The document was signed on August 23, 2018 in Ashgabat as part of the Kyrgyz president’s official visit. At the same time, Turkmenistan and Kyrgyzstan signed the declaration on strategic cooperation, strengthening of friendship and trust.
Turkmenistan and Kyrgyzstan are discussing the prospects of cooperation in the field of establishing processing enterprises. The parties agreed to support the establishment of joint ventures focused on the markets of the EU, the Eurasian Economic Union and China.
Kyrgyzstan is also negotiating with the Turkmen State Commodity and Raw Materials Exchange to search for opportunities to increase trade turnover.
Turkmenistan is ready to consider the possibilities of joint mining and processing of minerals in Kyrgyzstan. The parties discuss the prospects of partnership in the field of industry and transport.