Singapore and Korea (Rep.) | On 31 December 2019, the Double Taxation Agreement (DTA) between Korea (Rep.) and Singapore was entered into force and applies from 1 January 2020. From this date, the new DTA will replace the existing DTA of 1979. |
Ecuador and Japan | On 28 December 2019, the Double Taxation Agreement (DTA) between Ecuador and Japan was entered into force and applies from 1 January 2020. The DTA contains Dividends rate 5%, Interest rate 10%, and Royalties rate 10%. |
China and New Zealand | On 27 December 2019, the Double Taxation Agreement (DTA) between China and New Zealand was entered into force and applies from 1 January 2020. From this date, the new DTA will replace the existing DTA of 1986. The DTA contains Dividends rate 5% for at least 25% capital holding; otherwise 15%, Interest rate 10%, and Royalties rate 10%. |
Hong Kong and Cambodia | On 27 December 2019, the Double Taxation Agreement (DTA) between Cambodia and Hong Kong was entered into force and applies from 1 January 2020 for Cambodia and from 1 April 2020 for Hong Kong. |
Bulgaria and Pakistan | On 27 December 2019, the Council of Ministers of Bulgaria approved the Double Taxation Agreement (DTA) with Pakistan. |
Morocco and Liberia | On 23 December 2019, the Moroccan lower house of the parliament adopted a Bill approving the Double Taxation Agreement (DTA) with Liberia. |
Sierra Leone and UAE | On 22 December 2019, the Double Taxation Agreement (DTA) between Sierra Leone and the United Arab Emirates (UAE) was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in Freetown. |
Argentina and Luxembourg | On 20 December 2019, Luxembourg ratified the Double Taxation Agreement (DTA) with Argentina for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
Czech Republic and Korea (Rep.) | On 20 December 2019, the Double Taxation Agreement (DTA) between Czech Republic and Korea (Rep.) was entered into force and applies from 1 January 2020. From this date, the new DTA replaces the former DTA of 1992. The DTA contains Dividends rate 5%, Interest rate 5%, and Royalties rate 0% for the use of, or the right to use any copyright of literary, artistic, or scientific work, including cinematograph films and films or tapes for television or radio broadcasting; otherwise 10%. |
Japan and Uzbekistan | On 19 December 2019, the Double Taxation Agreement (DTA) between Japan and Uzbekistan was signed in Tokyo. Once in force and effective, the new DTA will replace the former DTA of 1986. The DTA contains Dividends rate 5% for at least 25% voting power; otherwise 10%, Interest rate 5%, and Royalties rate 5%. |
Colombia and UK | On 16 December 2019, the Double Taxation Agreement (DTA) between Colombia and the United Kingdom (UK) was entered into force and applies from 1 January 2020. The DTA contains Dividends rate 0% if the beneficial owners is a pension fund or scheme, 5% for at least 20% capital holding; otherwise 15%, Interest rate 10%, and Royalties rate 10%. |
Belarus and UAE | On 16 December 2019, Belarus ratified the amending protocol to the Double Taxation Agreement (DTA) with the United Arab Emirates (UAE). |
Germany and Tunisia | On 16 December 2019, the Double Taxation Agreement (DTA) between Germany and Tunisia was entered into force and applies from 1 January 2020. From this date, the new DTA will replace the existing DTA of 1975. The DTA contains Dividends rate 5% for at least 10% capital holding; otherwise 15%, Interest rate 2.5% if the beneficial owner is a bank; otherwise 10%, and Royalties rate 10%. |
Senegal and Turkey | On 18 December 2019, Senegal’s Council of Ministers approved the Double Taxation Agreement (DTA) with Turkey for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
Hong Kong and Estonia | On 18 December 2019, the Double Taxation Agreement (DTA) between Estonia and Hong Kong was entered into force and applies from 1 January 2020 for Estonia and from 1 April 2020 for Hong Kong. The DTA contains Dividends rate 0% if the beneficial owner is a company; otherwise 10%, Interest rate 0% if the beneficial owner is a company; otherwise 10%, and Royalties rate 5%. |
Singapore and Tunisia | On 17 December 2019, the Double Taxation Agreement (DTA) between Singapore and Tunisia was entered into force and applies from 1 January 2020. The agreement contains Dividends rate 5%, Interest rate 5% for interest received by banks or similar financial institutions; otherwise 10%, and Royalties rate 5% for payments of any kind received in consideration for technical services; otherwise 10%. |
Estonia and Hong Kong | On 13 December 2019, Ms. Kersti Kaljulaid, the Estonian president signed an act ratifying the Double Taxation Agreement (DTA) with Hong Kong. |
Jamaica and Japan | On 12 December 2019, the Double Taxation Agreement (DTA) between Jamaica and Japan was signed in Tokyo. The DTA contains Dividends rate 5% for at least 20% capital holding; otherwise 10%, Interest rate 10%, and Royalties rate 2% for the use of, or the right to use, industrial, commercial or scientific equipment; otherwise 10%. |
Bangladesh and Czech Republic | On 11 December 2019, the Double Taxation Agreement (DTA) between Bangladesh and Czech Republic was signed in Prague. The DTA contains Dividends rate 10% for at least 25% capital holding; otherwise 15%, Interest rate 10%, and Royalties rate 10%. |
Czech Republic and Korea (Rep.) | On 11 December 2019, the Czech Republic ratified the Double Taxation Agreement (DTA) with Korea (Rep.). Once in force and effective, the new DTA will replace the former DTA of 1992. |
Barbados and Kenya | On 11 December 2019, the Double Taxation Agreement (DTA) between Barbados and Kenya was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in Nairobi. |
Ukraine and Singapore | On 11 December 2019, the Cabinet of Ukraine approved the amending protocol to the Double Taxation Agreement (DTA) with Singapore. |
Korea (Rep.) and Switzerland | On 10 December 2019, the National Assembly of Korea (Rep.) ratified the amending protocol to the Double Taxation Agreement (DTA) with Switzerland, Turkmenistan, and Uzbekistan. |
Korea (Rep.) and UAE | On 10 December 2019, the National Assembly of Korea (Rep.) ratified the Double Taxation Agreement (DTA) with the United Arab Emirates (UAE). Once in force and effective, the new DTA will replace the existing DTA of 2003. |
Germany and Singapore | On 9 December 2019, Germany and Singapore signed a Protocol amending the Double Taxation Agreement (DTA) between them for the avoidance of double taxation with respect to taxes on income and on capital. The amended DTA reduces the WHT rate from 15% to 10% for Dividends, from 8% to 0% for Interest and from 8% to 5% for Royalties. |
Argentina and Austria | On 6 December 2019, the Double Taxation Agreement (DTA) between Argentina and Austria was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
Australia and Israel | On 6 December 2019, the Double Taxation Agreement (DTA) between Australia and Israel was entered into force and applies from 1 January 2020. |
China and Hong Kong | On 6 December 2019, the amending protocol to the Double Taxation Agreement (DTA) between China and Hong Kong was entered into force. It incorporates into the arrangement a new teachers and researchers article to provide tax relief to eligible Hong Kong and China teachers and researchers working on the other side, as well as measures to prevent tax treaty abuse to ensure that the arrangement follows the latest international tax standard. It came into force on December 6, 2019, after completion of approval procedures on both sides. It will apply in Hong Kong to income derived in the years of assessment beginning on or after April 1, 2020. |
Argentina and France | On 6 December 2019, Argentina and France signed an amending protocol to the Double Taxation Agreement (DTA), in Buenos Aires. |
Cyprus and Kazakhstan | On 4 December 2019, the parliament of Kazakhstan approved the Double Taxation Agreement (DTA) with Cyprus. |
Belarus and UAE | On 4 December 2019, Belarus’s Upper Chamber of the Parliament approved the amending protocol to the Double Taxation Agreement (DTA) with the United Arab Emirates (UAE). |
Cyprus and Ukraine | On 28 November 2019, the amending protocol to the Double Taxation Agreement (DTA) between Cyprus and Ukraine was entered into force and applies from 1 January 2020. The amended DTA updates Dividends rate 5% for at least 20% capital holding; otherwise 10%, Interest rate 5%. |
Colombia and Italy | On 28 November 2019, the Colombian government approved the Double Taxation Agreement (DTA) with Italy. Now it is awaiting approval by the Constitutional Court. |
Czech Republic and Taiwan | On 27 November 2019, the lower house of parliament of Czech Republic approved the ratification of the Double Taxation Agreement (DTA) with Taiwan. |
Kosovo and Saudi Arabia | On 27 November 2019, Mr. Hashim Thaçi, the president of Kosovo signed a Decree ratifying the Double Taxation Agreement (DTA) with Saudi Arabia. |
Korea (Rep.) and Vietnam | On 27 November 2019, Ministry of Finance of Korea (Rep.) has announced the signing of an amending protocol to the Double Taxation Agreement (DTA) with Vietnam. |
Belarus and UAE | On 27 November 2019, the parliament of Belarus approved the amending protocol to the Double Taxation Agreement (DTA) with the United Arab Emirates (UAE). |
Finland and Germany | On 18 November 2019, the officials from Finland and Germany signed an amending protocol to amend the Double Taxation Agreement (DTA) between them. |
Indonesia and Tajikistan | On 12 November 2019, Indonesia ratified the Double Taxation Agreement (DTA) with Tajikistan. The DTA contains Dividends rate 10%, Interest rate 10%, and Royalties rate 10%. |
Botswana and China | On 19 September 2018, the Double Taxation Agreement (DTA) between Botswana and China was entered into force. The DTA applies from 19 October 2018 for Botswana with regard to withholding taxes and from 1 July 2019 with regard to other taxes and from 1 January 2019 for China. The DTA contains Dividends rate 5%, Interest rate 7.5%, and Royalties rate 5%. |
Tax Treaty News: January 2020
22 January, 2020