Hungary okays double taxation avoidance with Turkmenistan

History

wiki: AHeneen

The Hungarian Parliament yesterday voted in favor of legislation that puts an end to double taxation between Hungary and Turkmenistan, Hungary’s Ministry for National Economy announced, according to reports.

Ashgabat, Turkmenistan (Photo: Wikimedia Commons/AHeneen)

Having been approved in Turkmenistan before the Hungarian decision was made yesterday, the agreement between the two countries will take effect as early as this year, and would become applicable as of January 1, 2017, Hungarian news agency MTI reported.

The two countries have been negotiating the agreement since 2015.

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