On November 12, 2015, Australia and Germany signed a new Agreement for the Elimination of Double Taxation with respect to Taxes on Income and on Capital and the Prevention of Fiscal Evasion and Avoidance (Hereafter: the DTA). Subsequently on April 1, 2016 the Australian Government published draft legislation to give the new DTA the force of law in Australia. The Australian Government is seeking comments on the proposed legislation and the accompanying explanatory memorandum. The Closing date for submissions is April 29, 2016.

The press release issued by the Australian Treasury in this respect, with attached to it the Exposure Draft and accompanying Explanatory Memorandum, can be found here.

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