On 5 June 2014, the German government approved for ratification the tax treaty with the Philippines. The treaty was signed on 9 September 2013, and once in force and effect will replace the 1983 tax treaty, which currently applies.
Taxes Covered
The treaty covers German income, corporation, trade and capital taxes. It covers Philippine income tax on individuals, corporations, and on estates and trusts, and the stock transaction tax.
Service PE
The treaty includes provisions that a …