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Ecuador endorses double taxation agreement with Belarus

Economy 14.07.2017 | 16:11

QUITO, 14 July (BelTA-Andes) – The National Assembly of Ecuador endorsed the agreement on cooperation in taxation with Belarus by a majority vote. The document is meant to avoid double taxation and prevent property and real estate tax evasion. The agreement was endorsed by the Belarusian and Ecuadorian governments in 2016.

The Special Permanent Commission on Sovereignty, Integration, International Relations and Integral Security chaired by Ecuadorian MP Doris Soliz presented a report on the matters related with the bilateral agreement. The latter is designed to attract investment, exchange information, and counter tax evasion.

Established in 1993, Belarus-Ecuador diplomatic relations are based on the principles of solidarity, cooperation, and complementarity. They gained momentum in 2014 when the countries opened embassies in Quito and Minsk.

As of today, 40 Ecuadorian students are studying in Belarus. The countries have signed agreements on promoting bilateral trade. Belarus donated $300,000 for Ecuador's areas affected by the earthquake that had left 671 dead.

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