Finance Minister Kiril Ananiev and the ambassador of the Netherlands to Bulgaria Bea ten Tusscher signed, in Sofia, a new convention for avoiding double taxation with respect to taxes on income and the prevention of fiscal evasion and avoidance, BTA reports.
The convention now in effect is from 1990 when the economic relations between the two countries and the legal frameworks were different.
A new convention is also necessary because of the current changes in international taxation initiated by the G-20 countries and the Organization for Economic Cooperation and Development for countering base erosion and profit shifting, the Finance Ministry has announced.
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