Agreement in Principle on Tax Convention between Japan and Uzbekistan
1. The representatives of the Government of Japan and the Government of the Republic of Uzbekistan have agreed in principle on a new Convention that replaces the current Tax Convention (Convention between the Government of Japan and the Government of the Union of Soviet Socialist Republics for the Avoidance of Double Taxation with respect to Taxes on Income) which entered into force in 1986.
2. The new Convention will reinforce or introduce provisions for the purposes of clarifying the scope of taxation in the two countries, eliminating international double taxation and preventing tax evasion and avoidance, and is expected to promote further mutual investments and economic exchanges between the two countries.
3. The new Convention will be signed after the final text has been fixed and the necessary internal procedures have been completed by each of the two Governments. Thereafter, the Convention will enter into force after the completion of the domestic process in both countries (in the case of Japan, approval by the Diet).
- The new Convention will not affect the application of the current Tax Convention between Japan and the former Soviet Union countries other than the Republic of Uzbekistan.