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Serbia, Pakistan sign double taxation avoidance agreement
Belgrade,
21 May 2010
Minister of Finance Diana Dragutinovic and Ambassador of the Islamic Republic of Pakistan to Serbia Muhammad Nawaz Chaudhry signed an agreement on the avoidance of double taxation between the two countries.
The Ministry of Finance said that the agreement promotes bilateral economic and financial cooperation between the two countries, stimulates investment and provides for cooperation in tax administrations between the two countries.
Dragutinovic said that this is the first step in the revival of economic cooperation between Serbia and Pakistan and expressed satisfaction that Pakistani businessmen in particular are interested in cooperation in the energy, agriculture and textile industries.
Chaudhry said that cooperation should be improved through two state chambers of commerce.
If the two countries’ parliaments ratify the agreement by the end of 2010, the document will begin to be implemented from 1 January 2011.
This is Serbia’s 52nd agreement on double taxation avoidance, of which 37 are being applied, while the remaining 15 are awaiting confirmation.
Dragutinovic said that this is the first step in the revival of economic cooperation between Serbia and Pakistan and expressed satisfaction that Pakistani businessmen in particular are interested in cooperation in the energy, agriculture and textile industries.
Chaudhry said that cooperation should be improved through two state chambers of commerce.
If the two countries’ parliaments ratify the agreement by the end of 2010, the document will begin to be implemented from 1 January 2011.
This is Serbia’s 52nd agreement on double taxation avoidance, of which 37 are being applied, while the remaining 15 are awaiting confirmation.
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