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Signature of the Agreement for the avoidance of double taxation and the prevention of fiscal evasion between the Czech Republic and the Republic of Kosovo

On 26 November 2013, the Ambassador of the Czech Republic Jiri Dolezel signed with the Minister of Finance Besim Beqaj a bilateral agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. The agreement was based on the OECD and UN models, representing a complex tax treaty governing both taxation and exemption of the international double taxation of various kinds of incomes. The agreement will support a development of mutual economic relations and will contribute to a division of the right to taxation of individual kinds of incomes between both states, i. e. a state of income origin and a state of income recipient. The treaty conclusion will also increase legal assurances of potential investors from both states.