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Azerbaijan applies bilateral agreement on evasion from double-taxation on profits and property with 17 countries

Business Materials 17 January 2006 13:55 (UTC +04:00)

Azerbaijan applies bilateral agreement on evasion from dual taxation on profit and property with 17 countries, the Azerbaijani Taxes Ministry announced. These are Austria, Germany, the UK, Lithuania, Norway, Poland, Romania, Turkey, France China, as well as CIS countries Belorus, Kazakhstan, Moldova, Russia, Ukraine, Georgia, and Uzbekistan.

Moreover, the application of 4 agreements with Germany, Poland, France and China started from January 2006.

At present the draft agreements between Azerbaijan and Belgium, Italy, Canada and Pakistan have been signed and pending the term of enactment. The documents were signed with Latvia, Finland and Czech Republic and are to be asserted by the parliaments of two countries.

Azerbaijan accorded the draft agreements with ten countries more Bulgaria, Qatar, Denmark, Estonia, Switzerland, Sweden, Kuwait, Luxemburg, the Netherlands, Serbia and Montenegro and they are ready for signing.

The same time the bilateral talks with some countries such as Saudi Arab Emirates, Kyrgyzstan, Iran, Greece, Oman and India in the direction of according the draft agreement.

In the perspective it is also planned to hold talks on the development of similar agreements with some countries, while relevant proposals have been sent with respect to set up talks.

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