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Jamaica, Japan reach agreement on tax convention

Friday, December 21, 2018

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KINGSTON, Jamaica — The governments of Jamaica and Japan have agreed in principle on the tax convention between the two countries that is expected to promote further mutual investments and economic exchanges between both.

The tax convention also includes provisions for the purposes of clarifying the scope of taxation in the two countries, eliminating international double taxation and preventing tax evasion and avoidance.

The convention will be signed after the final text has been fixed and the necessary internal procedures have been completed by each of the two governments.

Thereafter, the convention will enter into force after the completion of the domestic process in both countries (in the case of Japan, approval by the Diet).

The delegations were led by Marlene Nembhard Parker, Chief Tax Counsel, Legislation, Treaties and International Tax Matters, Tax Administration Jamaica, (Jamaica) and Daisuke Nakano, Director, Mexico, Central America and Caribbean Division, Latin American and Caribbean Affairs Bureau, Ministry of Foreign Affairs (Japan). Naoya Jinda, Director for Tax Treaties and International Affairs, Tax Bureau, Ministry of Finance, Japan, served as Chief Negotiator for Japan.

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