New international treaties26/04/12 / cata_tax-news

The Ministry of Finance of the Czech Republic (the “MoF”) recently announced the signing of double-tax treaties with Colombia and Saudi Arabia. The treaties, which were entered into to further efforts to prevent income tax evasion, will come into force after the legislative process is finalized in the two countries. 

The MoF also stated that the treaties concluded with Hong Kong and Bahrain have come into force. The treaties will take effect on 1 January 2013.