The DPRK government made agreements promoting mutual investment and preventing double taxation for foreign investors, particularly highlighting cooperation with Russia, according to an article from the Korean Central News Agency (KCNA) published this week.

Governments often form tax treaties on double taxation to avoid businesses paying tax on the same income in two different countries.

“The DPRK government has already made the agreement on promotion and protection of mutual investment with 28 countries and agreement on prevention of double taxation with 13 countries in Asia, Africa and Europe” departmental director of the Ministry of External Economic Relations Ri Sun Hak, said