Ashgabat, Berlin sign tax agreement
Turkmenistan and Germany signed an agreement on avoidance of double taxation with respect to income and property taxes in Berlin, the Turkmen Dovlet Habarlary(TDH) state news agency reported.
According to the message, the signing ceremony took place as part of the two-day working visit of Turkmen President Gurbanguly Berdimuhamedov to Germany Aug. 29-30.
Turkmengas State Concern also signed the memorandums of understanding with such companies as ILF Beratende Ingenieure GmbH, CIFAL Groupe Deutschland GmbH and Siemens Aktiengesellschaft, the message said.
According to the message, a memorandum on mutual cooperation in the field of education and an agreement on cooperation in the field of agricultural machinery were signed with Umax Trade GmbH.
The Turkmenistan-Germany trade turnover volume amounted to $306 million in 2015.
Turkmenistan has registered 167 investment projects and contracts with German capital totaling $540 million and around 555 million euros.
German companies such as Siemens, Daimler, CLAAS, Rohde & Schwarz, Dresser-Rand greatly contribute to the implementation of long-term projects in Turkmenistan.