As a follow-up to our last Newsflash dated 30 April 2019, UniCredit Bank Czech Republic and Slovakia a.s. would like to advise its clients that the new treaty of double taxation in tax income and the tax and liability avoidance between the governments of Czech Republic and Kyrgyzstan Republic signed in Bishkek, Kyrgyzstan on 9 April 2019, has entered into force on 30 November 2020 and the provisions are applicable from 1 January 2021.
The full details are available in English from page 19 onwards here: https://aplikace.mvcr.cz/sbirka-zakonu/ViewFile.aspx?type=c&id=39035
For more detailed information please contact the local Relationship Management Team: GSS.Relationship.Management@unicreditgroup.cz
Impact on Clients: Clients are asked to evaluate any potential impact on their Income processing.