Azerbaijan completed preparation of draft agreement with U.S. on FATCA

Baku, Fineko/abc.az. The Azerbaijan’s Ministry of Taxes pays much attention to agreements on information exchange.

According to Orkhan Musayev, International Relations Department Manager at the Ministry, such agreements, the same as agreements on elimination of double taxation, are very important.

“So far, the Ministry of Taxes has signed agreements on information exchange with 101 countries of the world. The draft intergovernmental agreement with the U.S. on the Foreign Account Tax Compliance Act (FATCA) is also at the final stage of preparation,” Musayev said.
The Ministry of Taxes has already prepared special instructions in Azerbaijani language on how to work with FATCA.