Azerbaijan, Baku, Aug.10 / Trend I.Khalilova /
The Azerbaijani government expanded the list of countries, which ratified the Convention on Avoidance of Double Taxation of Property and Incomes and Prevention of Tax Evasion, to 31 states, the Azerbaijani Taxes Ministry said on Aug.10.
If a similar agreement became effective in respect to Switzerland and the United Arab Emirates on Jan.1, 2008, it extended to Tajikistan, Qatar, Bulgaria, Estonia, Korea, Hungary since 2009. Despite that the Convention with Luxembourg was signed on 16 June 2006, it will come into effect in early 2010.
The ratification of these agreements will enhance economic relations of Azerbaijan with other countries, particularly, will promote increase of investment, the ministry said.
Convention is envisaged for five years.
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