On 29 June 2017, Germany and Aruba signed a tax information exchange agreement (TIEA). This Agreement provides the effective exchange of information regarding tax matters between the tax authorities including automatic exchange of information which is necessary for the exchange of financial account information based on the international standards formulated by the OECD, and is expected to contribute to the prevention of international tax evasion and tax abuse.
Related Posts
Andorra and Germany to initiate income tax treaty negotiation
November 04, 2024
As stated in a release from the Andorran government officials from Andorra and Germany are set to begin the first round of negotiations for an income tax treaty in November 2024. The Head of Government, Xavier Espot, the Minister of Foreign
Read More Germany: Lower House of Parliament passes Annual Tax Act 2024
November 01, 2024
Germany’s Lower House of Parliament of Germany (Bundestag) passed the Annual Tax Act 2024 on 18 October 2024. The Bundestag has implemented 59 changes to the draft law based on the Finance Committee's recommendation. The Annual Tax Act 2024
Read More
Germany publishes final guidance on mandatory e-invoicing
October 25, 2024
The German Ministry of Finance has published the final guidance on mandatory e-invoicing on 15 October 2024. The principles of the guidance are to be applied to all sales made after 31 December 2024. As established by the Growth Opportunities
Read More Montenegro, Germany initiate tax treaty negotiations
October 24, 2024
First round of discussions regarding an income and capital tax treaty between Germany and Montenegro concluded in Podgorica from 7 to 11 October 2024. The announcement was made by the government of Montenegro on 14 October 2024. If an
Read More Germany issues Notification Form for minimum tax group under Pillar Two rules
October 23, 2024
The German Federal Ministry of Finance released a notification form for the parent entity of German minimum tax groups subject to the Pillar Two global minimum tax rules on 17 October 2024. The notification for the parent entity of the minimum
Read More Germany updates Non-Cooperative Tax Jurisdictions List
October 22, 2024
The Ministry of Finance released a draft bill on 10 October 2024 of an updated decree listing states and territories considered non-cooperative in tackling tax avoidance and unfair tax competition. The list is important in domestic law that
Read More