New Tax Convention with Armenia Agreed in Principle

1.The Government of Japan and the Government of the Republic of Armenia have agreed in principle on the new tax convention between the two countries.

2.The new Convention reinforces or introduces provisions for 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 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 procedures in each of the two countries.

 

* This new Convention will not affect the existing Tax Convention applicable between Japan and the countries other than the Republic of Armenia.