Serbia, Austria ink double taxation deal
Serbian Finance Minister Diana and Austrian Vice Chancellor Josef Proell signed an agreement on avoidance of double taxation today.
Friday, 07.05.2010.
15:11
Serbian Finance Minister Diana and Austrian Vice Chancellor Josef Proell signed an agreement on avoidance of double taxation today. The deal applies to income and property tax. Serbia, Austria ink double taxation deal At the press conference after the signing of the agreement, Dragutinovic said that this is a large contribution to the improvement of the economic and financial cooperation between the two countries as it will facilitate the business activities of the Serbian citizens in Austria and the investments of Austrian companies in Serbia. She explained that this agreement removes the double taxation of the economy and the citizens. Dragutinovic underscored that Austria is the largest investor in Serbia having invested around EUR 2bn since 2000. In 2009, it invested EUR 234mn, regardless of the economic crisis. She pointed out that Austria was the 39th state with which Serbia has signed this agreement, adding that the agreement is now to be ratified by both countries' parliaments. Proell said that the signing of the agreement, which is the result of long negotiations, is an important step in the cooperation between the two countries, and added that Austria will continue investing in Serbia. He stressed that Serbian and Austrian Finance Ministries also signed a Memorandum of Understanding which opens the possibility of their future cooperation. Proell, Dragutinovic are seen in Belgrade today (Beta)
Serbia, Austria ink double taxation deal
At the press conference after the signing of the agreement, Dragutinović said that this is a large contribution to the improvement of the economic and financial cooperation between the two countries as it will facilitate the business activities of the Serbian citizens in Austria and the investments of Austrian companies in Serbia.She explained that this agreement removes the double taxation of the economy and the citizens.
Dragutinović underscored that Austria is the largest investor in Serbia having invested around EUR 2bn since 2000. In 2009, it invested EUR 234mn, regardless of the economic crisis.
She pointed out that Austria was the 39th state with which Serbia has signed this agreement, adding that the agreement is now to be ratified by both countries' parliaments.
Proell said that the signing of the agreement, which is the result of long negotiations, is an important step in the cooperation between the two countries, and added that Austria will continue investing in Serbia.
He stressed that Serbian and Austrian Finance Ministries also signed a Memorandum of Understanding which opens the possibility of their future cooperation.
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