Slovak Republic DPM Visits Malaysia Monday

KUALA LUMPUR, May 25 (Bernama) -- The Slovak Republic's Deputy Prime Minister Miroslav Lajčák will undertake a working visit to Malaysia on Monday. This will be his first visit to Malaysia. The Ministry of Foreign Affairs, in a statement said, during the visit, Lajčák, who is also Minister of Foreign and European Affairs, is scheduled to meet Foreign Minister Anifah Aman. "The visit will provide an excellent opportunity for both sides to renew their friendship and explore ways to further strengthen the existing cooperation in various areas including trade, sports and defence," the statement said. Both Ministers are also expected to exchange views on regional and international issues of mutual interest, during their meeting. According to the statement, both Ministers are scheduled to sign an Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income. The main objective of this Agreement is to provide for the avoidance of the incidence of double taxation on income by determining the taxing rights between two countries. In addition, it also touches on the aspect of reduction in withholding tax rates on certain incomes such as dividend, interest, royalty and fees for technical services on a reciprocal basis and provide tax certainties in connection with cross-border economic activities. "The signing of the agreement will further enhance bilateral cooperation, trade and investment between the two countries," said the statement. As part of the visit, the statement said, Miroslav Lajčák is also scheduled to open the Malaysia-Slovak Business Forum at Westin Hotel, Kuala Lumpur. It will be attended by the business community, leaders and captains of industry, the statement added. -- BERNAMA