Azerbaijan and Israel are going to sign a Double Tax Agreement for the avoidance of double taxation.
Azerbaijan’s State Customs Committee has reported that trade turnover between Azerbaijan and Israel in 2013 reached $1.28 billion. Azerbaijan exported $1.26 billion worth of products to Israel last year, while Israel’s exports to Azerbaijan amounted to $17.59 million. Israel is interested in bringing new technology to Azerbaijan and the two countries intend to intensify their cooperation.
Azerbaijan also plans to sign double taxation agreements with seven European Union countries. The country already has double taxation avoidance agreements with 20 of the 28 EU member states. Negotiations on the agreements with Spain and Denmark have been completed, and talks are underway with Portugal, Sweden, Malta, Ireland, and Slovakia.
