During the meeting, the sides an exchange of instruments of ratification of the Protocol on Amendments and Additions to Agreement between the Republic of Uzbekistan and the Federal Republic of Germany for avoidance of double taxation with respect to taxes on income and property (dated September 7, 1999), signed in Berlin on 14 October 2014.

In accordance with Article 4 of the Protocol will enter into force on the date of exchange of instruments of ratification, that is, 29 December 2015, the press service of the Ministry of Foreign Affairs of Uzbekistan.

The document provides for entering into the said Agreement new provisions aimed at increasing the effective mechanisms for the exchange of information in accordance with international standards of tax transparency, which will help attract mutual investment and the development of trade and economic cooperation between the companies and the entrepreneurs of the two countries.

In addition, international agreement serves for further consolidation of bilateral cooperation in fight against tax offenses and enforcement of tax legislation of Uzbekistan and Germany.