BOSNIA AND SINGAPORE SIGN DOUBLE TAXATION EVASION AGREEMENT

SINGAPORE CITY, Singapore (March 29,2008) – The Bosnian Deputy Finance and Vault Minister Fuad Kasumovic and the Deputy Commissioner of the Keat Sing NG Business Group of the State Taxation Direction initialled in Singapore yesterday the double Taxation Evasion Agreement between Bosnia and Singapore.

This agreement creates better conditions in the business surrounding for investors from both the countries. That also means promotion of cooperation.

Initialling of this agreement is also the first step in activities that the two friendly countries have planned. Solving the double taxation issue will result in a lot of direct effects, especially in the sector of economy – starting from investments, technology exchange, all the way to trade, traffic and science.

Kasumovic emphasized that Bosnia is about to open the market towards one of the most developed countries in the world. He called the Singapore investors to actively participate in economic development of Bosnia.
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