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Finance 24/11/2014 President approves protocol on introduction changes to agreement with Switzerland
President approves protocol on introduction changes to agreement with Switzerland
Tashkent, Uzbekistan (UzDaily.com) -- President of Uzbekistan Islam Karimov approved a protocol amending the agreement for the avoidance of double taxation of income and capital between Uzbekistan and Switzerland on 17 November 2014.

The protocol was approved by resolution of the President of Uzbekistan “On approval of international agreement”.

The agreement on avoiding double taxation of income and capital was signed on 3 April 2012. The protocol to the agreement was inked in Bern on 1 July 2014.

Uzbek leader entrusted Ministry of Foreign Affairs of Uzbekistan to notify Swiss side that Uzbekistan executed all necessary procedures, necessary to enforce the agreement.

This protocol brings the administrative assistance clause into line with the applicable international standard for the exchange of information upon request.

The protocol is based on standards, developed by Organization of Economic Cooperation and Development (OECD), and envisages necessity to submit requests, which should fully comply with several requirements.

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