February 20, 2007
HP-270

U.S., Bulgaria To Sign Tax Treaty, Strengthen Economic Relationship

Deputy Secretary of the Treasury Robert M. Kimmitt and Bulgarian Finance Minister Plamen Orescharski will sign an income tax treaty and protocol.  The treaty will strengthen economic relations between the United States and Bulgaria by generally reducing the rates of taxation on cross-border dividend, interest and royalty payments, and providing for better exchange of information between the two countries, including bank information.   

 The meeting is open to the media.  Media without Treasury press credentials should contact Frances Anderson in advance for entrance to the Treasury Department at (202) 622-2960, or frances.anderson@do.treas.gov with the following information: name, Social Security number and date of birth.

Who:             
Treasury Deputy Secretary Robert M. Kimmitt
Plamen Orescharski, Minister of Finance of the Republic of Bulgaria
H.E. Elena Poptodorova, Bulgarian Ambassador to the United States

What:            
Tax Treaty and Protocol Signing     

Where:   
U.S. Department of the Treasury 
Diplomatic Reception Room (3311)
1500 Pennsylvania Ave.
Washington, D.C. 20220         

When:            
Friday, February 23,  2:00 p.m.