Macedonia, Kosovo sign agreement on avoiding double taxation.

By bne IntelliNews April 6, 2011
Deputy PM and finance minister Zoran Stavreski and Kosovo's finance minister Bedri Hamza have signed an agreement on avoiding double taxation and protection against tax evasion, Macedonian state news agency MIA reported. The agreement was signed in Pristina and envisages that residents of the two countries will not pay twice taxes on income and capital revenues. A bilateral agreement on protection of investments is expected to be signed soon too, Stavreski commented. According to data of the statistics office, Kosovo was the second most important market for Macedonian exporters last year. Exports to Kosovo amounted to USD 437.8mn or 13.3% of Macedonia's total exports. On the other hand, imports from Kosovo amounted to only USD 22.1mn (0.4% of the total) in 2010.

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