BAKU, Azerbaijan, November 3. Azerbaijan and
the United Kingdom have held further talks on a new agreement to
eliminate double taxation and prevent tax evasion.
The State Tax Service under Azerbaijan's Ministry of Economy
announced the discussions.
The latest round of talks focused on a draft convention between
the Republic of Azerbaijan and the United Kingdom of Great Britain
and Northern Ireland on the elimination of double taxation with
respect to taxes on income and capital gains, and the prevention of
tax evasion.
The meeting brought together representatives of Azerbaijan's
State Tax Service and officials from the UK's tax and customs
administration. The participants exchanged views on various
provisions of the draft convention.
Orkhan Musayev, head of the Main Department for International
Taxation and Tax Monitoring at the State Tax Service, highlighted
the convention's importance in strengthening bilateral economic
ties and promoting business partnerships.
Both sides also stressed the importance of improving cooperation
to enhance the efficiency of tax administration.
The discussions on expanding tax cooperation and improving the
existing legal framework were held in a constructive atmosphere of
mutual understanding and cooperation.
