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Azerbaijan, Argentina sign agreement on cooperation in taxation

Business Materials 18 December 2012 12:48 (UTC +04:00)
Azerbaijan and Argentina have signed an intergovernmental agreement on cooperation to exchange information on taxation, the Azerbaijani Ministry of Taxes said on Monday.
Azerbaijan, Argentina sign agreement on cooperation in taxation

Azerbaijan, Baku, Dec. 18 / Trend J. Nasibova /

Azerbaijan and Argentina have signed an intergovernmental agreement on cooperation to exchange information on taxation, the Azerbaijani Ministry of Taxes said on Monday.

The agreement was signed within a meeting between the head of the Argentine Federal Administration of Public Revenues, who is the most active member of the Inter-American Centre for Tax Administration, Ricardo Echegaray and Azerbaijani Minister of Taxes Fazil Mammadov in Baku.

Echegaray said the Federal Administration of Public Revenues is ready to share its extensive experience with Azerbaijan in tax collection in oil and gold production.

Echegaray also added that Azerbaijan and Argentina have great potential for cooperation in the economic, social and other spheres.

The Azerbaijani Minister of Taxes pointed out that bilateral relations between Azerbaijan and Argentina have been developing rapidly. The minister appreciated the intensity of mutual visits as a positive index of effective collaboration.

Mammadov informed his counterpart about the economic situation in the country, the government's special attention to the development of the non-oil sector, not only in the capital, but in other regions of Azerbaijan.

"Accelerating the development of the non-oil sector increased the budget revenues from this sector," Mammadov said.

The minister also spoke about the reforms in the tax area, the achievements in the field of tax administration and information technologies, a new stage in the development of electronic services rendered to taxpayers.

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