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In media release No 2010/079, issued on 29 April 2010, the Assistant Treasurer, Nick Sherry, announced that Australia and Turkey have signed a new income tax treaty - the first between the two countries.

A summary of the key provisions of the new tax treaty are set out in an Attachment to the media release.

The treaty will enter into force when both countries advise that they have completed their domestic requirements. Legislation for this purpose will be introduced in the Australian Parliament as soon as practicable.


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