ArmInfo.Armenia`s Minister of Finance Tigran Khachatryan and Mr Stefan Kloetzli, Swiss Charg‚ d'affaires in Armenia, have signed a memorandum abolishing dueal income and property taxation between Armenia and Switzerland.
The agreement provides for reduced taxation rates for dividends, particularly raising the reduced rates from 25% to 50% and reducing the taxation rates for dividends, down to 0.5% in case of investments. Minister Khachatryan pointed out the effectiveness of the joint program and cooperation with Armenia, stating Armenia`s willingness to expand it.
In his turn, Mr Kloetzli noted longstanding Armenian-Swiss diplomatic relations, with numerous joint initiatives put into practice. He hailed the Armenian government`s steps to improve the business environment and promote private investments in the current economic situation.
