PRESS OF UZBEKISTAN
December 30, 2015
Uzbekistan and Germany amend agreement on avoidance of double taxation
The Ministry of Foreign Affairs of the Republic of Uzbekistan hosted a meeting with the chargé d\'affaires of the Federal Republic of Germany Melanie Moltmann, during which the participants exchanged instruments of ratification of the Protocol on amendments and additions to the Treaty between the Republic of Uzbekistan and the Federal Republic of Germany on avoidance of double taxation with respect to taxes on income and property (7 September 1999), signed in Berlin on 14 October 2014.
In accordance with article 4 of this Protocol it shall enter into force on the date of exchange of instruments of ratification, i.e., December 29, 2015.
The document provides entering into the Treaty of new provisions aimed at increasing effective information exchange mechanisms in accordance with international standards of tax transparency, which will contribute to the attraction of mutual investments and development of trade and economic cooperation between companies and entrepreneurs of the two countries.
In addition, this international Treaty serves to further strengthen bilateral cooperation in combating tax offenses and enforcement of tax legislation of Uzbekistan and Germany.