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International Tax Relations

Protocol between Czech Republic and Republic of Serbia on the Double Taxation Treaty on income tax and property tax signed; new Double Taxation Treaty between Czech Republic and China signed; Treaty between Czech Republic and Armenian Republic on prevention of double taxation and tax evasion in the field of income tax and property tax signed

  • The Ministry of Finance announces signing of Protocol in Prague between Czech Republic and Republic of Serbia on 8 September 2009, concerning the Double Taxation Treaty on income tax and property tax executed in Prague on 11 November 2004 (No. 88/2005, Collection of International Agreements Sb.m.s.). The contractual countries now mutually inform each other by diplomatic fulfillment of the procedures required by their internal legal regulations for the above Protocol to become valid; the Protocol constitutes an integral part of the Agreement in the relationship between Czech Republic and Republic of Serbia. If the course of the legislative process in the two countries becomes standard, it can be assumed that the practical application of the provisions of the Protocol shall commence from 1 January 2011.
  • The Ministry of Foreign Affairs announces signing of new Double Taxation Treaty in Peking between Czech Republic and China on 28 August 2009. The validity of this new treaty and practical performance thereof shall depend on internal legislative procedures in these two countries. It applies that the validity of the provisions of the Treaty between the Government of the Czechoslovak Socialist Republic and the Government of the People’s Republic of China on prevention of double taxation and income tax evasions, signed in Prague on 11 June 1987 (No. 41/1988, Coll.), shall expire and such provisions no longer be applied to the relationships between the Czech Republic and China as of the date of commencement of performance of the new treaty.
  • The Ministry of Foreign Affairs announces signing of Treaty in Yerevan between Czech Republic and Armenian Republic on 6 July 2008, concerning prevention of double taxation and tax evasion in the field of income tax and property tax. The Treaty became valid on 15 July 2009 and, pursuant to Article 28 and its provisions concerning withholding tax from the source, shall be applied to income paid or credited as of 1 January 2010 or later. Regarding other income tax and property tax, such provisions shall be applied to property for every tax year starting from 1 January 2010 or later. The Treaty was published under No. 86/2009 in the Collection of International Agreements.

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