The main objective of this agreement is to eliminate the problem of double taxation, which in turn will create more favorable conditions for economic cooperation between Kyrgyzstan and Hong Kong.
It is important to note that such agreements on the avoidance of double taxation are considered effective tools for attracting foreign investments into the economy of Kyrgyzstan, as emphasized by the ministry.
The document is also aimed at protecting residents of one country from discriminatory taxation in the other, preventing tax evasion and abuse of the terms of the agreement. In addition, it promotes the development of information exchange between the competent authorities of the two states.
