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Seventeen years after the first initiating talks started in 1991 on income tax treaty, on September 23 2008 the U.S. Senate ratified the Convention between the Government of the United States of America and the Government of the Republic of Bulgaria for the Avoidance of Double Taxation. Thus the Convention, popularly known as Treaty for the Avoidance of Double Taxation, will enter into force in January 2009 after the remaining, essentially administrative approvals by the U.S. National Security Council State Department.
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