Azerbaijan, Lithuania ink tax agreement
BAKU – Azerbaijan’s Tax Ministry and the Lithuanian Finance Ministry’s State Tax Inspectorate signed an agreement on technical cooperation on Thursday.
The agreement was signed by tax minister Fazil Mammadov and head of the Tax Inspectorate Modestas Kaseliauskas.
The sides said that signing of the agreement has great importance for expansion of bilateral cooperation in taxation. The agreement will promote efficiency of the Azerbaijan-Lithuania intergovernmental commission, as well as is beneficial for development of international relations in the field of taxation.
The agreement will also enable exchange of experience between Azerbaijan and Lithuania, an EU member country, to improve tax legislation and tax administration.
According to the Azerbaijani State Statistics Committee, trade turnover between the two countries exceeded $28 million in 2010. Azerbaijan’s imports from Lithuania amounted to $26 million, while Azerbaijan’s exports - more than $2 million.
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