Syria, Germany Sign Double Tax Pact
Tuesday, February 23, 2010
Syrian Finance Minister Mohammed al-Hussein and German Ambassador in Damascus,
Andreas Reneke, signed a convention for the avoidance of double taxation and
fiscal evasion as plenipotentiaries for their respective countries on February
When the agreement enters into force it will remove double taxation on trade
and investment between the respective countries, facilitating increased trade
flows and cooperation in financial and economic spheres. If the agreement is
ratified by both countries this year as expected, it will enter into force from
January 1, 2011.
Trade flows between the two countries amounted to USD2.03bn in 2008, with exports
to Germany amounting to USD1.65bn, and imports Syria amounting to USD378m.