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Moldova, Kuwait sign tax-related agreement

15 march 2010, 17:30 print out copy link The link has been copied to the Clipboard

Moldova and Kuwait have signed an agreement on avoiding double taxation and preventing fiscal evasion and a protocol to this document.

Moldovan Deputy Finance Minister Victor Barbaneagra and Ankara-based Kuwaiti Ambassador to Moldova Abdullah A.A. Al-Duwaikh signed the document in Chisinau on 15 March.

According to the agreement, the quota on the gross amount of dividends will be 5 per cent, the quota on the gross amount of interest rates will be 2 per cent and the quota on the gross amount of royalty will be 10 per cent.

The agreement will be applied on 1 January of the year after the reception of the last notification confirming the fulfillment by Moldova and Kuwait of internal procedures necessary for its enforcement.

Moldova has signed conventions on avoiding double taxation and preventing fiscal evasion with 42 states.

Moldpres
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