The signing of an agreement between the Kyrgyz Republic and Hong Kong regarding the elimination of double taxation on income and capital took place in an online format.
The purpose of this document is to eliminate cases of double taxation of income for companies on both sides, as well as to prevent tax evasion and ensure the exchange of information between the relevant authorities.
In addition, the agreement guarantees protection for residents of one country from discriminatory taxation in the other and aims to prevent abuses of its provisions.
The government agency emphasized that such agreements are an important tool for attracting foreign investment and contribute to deepening economic cooperation between Kyrgyzstan and Hong Kong.
