Press Release Regarding The Entry Into Force Of The Agreement Between The Republic Of Turkey And The Federal Republic Of Germany For The Avoidance Of Double Taxation And The Prevention Of Fiscal Evasion With Respect To Taxes On Income, 1 August 2012 , 02.08.2012
No: 193, 1 August 2012
“The Agreement between the Republic of Turkey and the Federal Republic of Germany for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income”, which was signed on 19 September 2011 in Berlin by H.E. Mr. Mehmet Şimşek, Minister of Finance of the Republic of Turkey, and H.E. Mr. Wolfgang Schauble, Minister of Finance of the Federal Republic of Germany, on the occasion of the visit to Germany of H.E. Mr. Abdullah Gül, President of the Republic, has entered into force today (1 August) through the exchange of instruments of ratification.
The exchange of the instruments of ratification for the Agreement was carried out in the Ministry of Foreign Affairs of the Republic of Turkey between H. E. Ambassador Mehmet Gücük, Deputy Undersecretary for Economic Affairs of the Ministry of Foreign Affairs, and Germany`s Ambassador to Ankara, H.E. Mr. Eberhard Pohl.
The above-mentioned Agreement was signed following the necessity to amend the “Agreement between the Government of the Republic of Turkey and the Federal Republic of Germany for the Avoidance of Double Taxation with Respect to Taxes on Income and on Capital” signed on 16 April 1985 and which entered into force on 31 December 1989, as a result of developments recorded in the economic growth of Turkey, in particular, and due to the changes on core matters related to the tax legislation emerging from the domestic laws of the two countries.
Following the entry into force of the agreement, it is expected that our economic and commercial relations with Germany, Turkey’s biggest trade partner and first export market, will be further strengthened.