Azerbaijan and Spain have signed a convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital.
According to APA reports the document was signed by Azerbaijani Foreign Minister Elmar Mammadyarov and Spanish Foreign Minister José Manuel García-Margallo.
Spain recognized Azerbaijan's independence in December 1991. Diplomatic relations were established in February 1992. The trade turnover between the two countries amounted to about $158.4 million in 2012.
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