13 December 2016 New Australia-Germany Tax Treaty enters into force Representatives of Australia and Germany exchanged their respective ratification instruments on December 7, triggering the entry into force and application provisions of the Agreement between Australia and Germany for the Elimination of Double Taxation with Respect to Taxes on Income and Capital and the Prevention of Fiscal Evasion and Avoidance (the Revised Treaty). The Revised Treaty replaces the existing 1972 treaty and reflects much of the updated wording in the current Organisation for Economic Co-operation and Development (OECD) Model Convention as well as recommendations in the OECD final reports in its Action Plan on Base Erosion and Profit Shifting (2015 BEPS Reports). A Tax Alert prepared by EY's Global Tax Desk Network, and attached below, provides additional details. Document ID: 2016-2121 |
