The Cabinet of Ministers of Kyrgyzstan has granted the Minister of Economy and Commerce the authority to sign a protocol amending the 2005 income and capital tax treaty with Germany on 13 November 2024.
A tax treaty is a bilateral agreement between two countries designed to address issues related to the double taxation of both passive and active income earned by their respective citizens. These treaties typically establish the extent of taxation a country can impose on an individual’s income, capital, estate, or wealth. An income tax treaty is also referred to as a Double Tax Agreement (DTA).
The protocol will be the first amendment to the treaty and must be completed, signed, and ratified before it can come into effect.
