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Ambassador: Azerbaijan, Israel to sign agreement on avoidance of double taxation

Tuesday, September 24, 2013 - 20:33

Azerbaijan and Israel are preparing to sign an agreement in December on the avoidance of double taxation, Israeli Ambassador to Azerbaijan Rafael Harpaz told journalists on Tuesday.

The signing of this agreement will strengthen cooperation between the two countries, the ambassador said.

To date Azerbaijan has signed agreements on avoidance of double taxation with 43 countries.

"Visits and events are expected in the coming year which will strengthen cooperation between our countries. Israel will be represented by a large delegation at the Bakutel 2013 exhibition," Harpaz said.

Some 14 Israeli companies will arrive in Baku to participate at the 19th International Telecommunications and Information Technologies Exhibition and Conference, to be held on December 2-5.

According to the State Customs Committee of Azerbaijan, in January-August 2013, the trade turnover with Israel amounted to $787.58 million which is 45 per cent lower than the same period of the last year.

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