Azerbaijan, Kyrgyzstan ratify agreement to prevent double taxation

Azerbaijani President Ilham Aliyev has ratified an agreement with Kyrgyzstan concerning the avoidance of double taxation and the prevention of tax evasion related to income taxes.

This agreement was signed in Baku on April 24, 2024, Caliber.Az reports citing the information posted on the Azerbaijani President’s official website.

The relationship between Azerbaijan and Kyrgyzstan is characterized by mutual respect, cooperation, and a shared cultural heritage.

Azerbaijan and Kyrgyzstan maintain strong political ties, frequently engaging in high-level diplomatic exchanges and visits. Both countries are members of several international organisations, including the United Nations, the Commonwealth of Independent States (CIS), and the Turkic Council, where they collaborate on various issues of regional and international importance.

Economic relations between Azerbaijan and Kyrgyzstan have been growing steadily. The two countries have signed numerous agreements to enhance trade, investment, and economic cooperation. Key areas of economic collaboration include energy, agriculture, and infrastructure development. The recent agreement on the avoidance of double taxation and the prevention of tax evasion is a significant step towards strengthening economic ties and encouraging investment.

Azerbaijan has provided humanitarian aid and development assistance to Kyrgyzstan on several occasions. These efforts have included support in areas such as disaster relief, healthcare, and education. Such initiatives demonstrate the solidarity and cooperation between the two nations.

Over the years, Azerbaijan and Kyrgyzstan have signed numerous bilateral agreements to enhance cooperation in various fields. These agreements cover areas such as trade, investment, transportation, culture, and education, laying the foundation for a robust and multifaceted partnership.