Azerbaijan, Baku, 14 June / Trend corr I. Khalilova/ On 13 June, Azerbaijani Parliament ratified Convention on Elimination of Incomes and Property Double Taxation and Tax Evasion between Azerbaijan and Hungary which was signed in Budapest on 18 February 2008.
In Azerbaijan, the Convention covers profit tax for juridical persons, income tax, property tax and land tax, and in Hungary - corporate tax, surcharge, land lot tax and construction tax.
Validity period of the Convention is five years. On the will of the two countries the Convention will lose its effect after five years, in case of diplomatic channels are informed of that.
On 14 June, official rate totalled 0.8189 AZN/USD.
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