Algeria, Denmark sign non-double taxation agreement

Algerian and Denmark signed, Thursday, in Copenhagen, a non-double taxation agreement that will enable increasing trading and encouraging the flow of investments between the two countries, the Ministry of Finance said in a statement.

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Algerian and Denmark signed, Thursday, in Copenhagen, a non-double taxation agreement that will enable increasing trading and encouraging the flow of investments between the two countries, the Ministry of Finance said in a statement.

This agreement was signed, on the Danish side, by the Minister of Taxes, Morten Bodskov and, on the Algerian side, by the Algerian ambassador in Copenhagen, Rachid Meddah, the same source said.

The signing ceremony was attended by the Secretary General of the Ministry of Finance, Brahim Djamel Kassali, and the Ambassador of the Kingdom of Denmark to Algeria, Vanessa Vega Saenz, via videoconference from Algiers.

In addition to the non-double taxation that this agreement is intended to establish as a legal basis, the Ministry of Finance has noted other advantages that this agreement should allow, notably mutual assistance in the exchange of information to combat tax evasion.

It is also a tool that should send a strong signal to economic operators on both sides in order not only to increase our trade in goods and services, but also to encourage the flow of sustainable and wealth-creating investments, the ministry said.

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