Armenia plans to rule out double taxation in economic relations with Malta and Singapore. Deputy Minister of Finance Arman Poghosyan said this during Wednesday’s debates on the two respective agreements at the meeting the National Assembly (NA) Standing Committee on Economic Affairs.
Also, he asked on behalf of the government to ratify these two initiatives as soon as possible.
Presenting the importance of this ratification to the members of the aforesaid parliamentary committee, the deputy minister noted that owing to this ratification, the Armenian government hopes for an increase on the amount of trade and investments with these two countries.
"The entry into force of the agreements will be an important contribution to the increase of investment appeal of national economies, as well as to the improvement of economic activity indicators in general. It is also worth adding that the Constitutional Court of Armenia has already given a positive conclusion on the mentioned agreements," Poghosyan added.
And as a result of the debates, the NA Standing Committee on Economic Affairs gave a positive conclusion to these two initiatives.