 | $25 mln to enter state budget |
Finance ministries of Azerbaijan and Russia are expected to sign a cooperation agreement shortly, which is intended to fetch $25 million for the state budget of Azerbaijan.
The Ministry of Finance told AssA-Irada Friday that a good deal has been done to liquidate double taxation and deduction of indirect tax.
The inter-governmental agreement "On principles of deduction of indirect tax" has already been ratified by the Milli Mejlis and Russian State Duma and the treaty is expected to become effective after being signed by the two presidents. As a result, the Value Added Tax on goods imported from Russia will be deducted by Azerbaijan, which, in turn, will earn $25 million for the state budget this year.*
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Issue: March, 2, 2001
US to provide aidNew WB initiative gets underway in AzerbaijanFebruary oil production fulfilled, unlike gasSOCAR fulfills 2-month oil production planConoco planning on Shah-Daniz gasBaku underground counts on Russian creditForeign investment in fixed assets prevailPassenger transport volume rising$25 mln to enter state budgetUnderground chief complainingOil waste management site being set upMPs bail arrested war handicapped
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