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Double Taxation Agreement in between Austria and Latvia still pending

3. August 2005

The text of the "Convention on Avoidance of Double Taxation and Tax Evasion Regarding the Income and Capital Gains" has been harmonized. On 12 May 2004, the Latvian Cabinet of Ministers approved the draft Convention and commissioned the Minister of Finance to sign the Convention. The Convention is still pending and should come into force in 2006.