Azerbaijan, Latvia sign MOU on tax recovery assistance and information exchange
Azerbaijan's State Tax Service signed a memorandum of understanding (MOU) on 16 January 2025 with the State Revenue Service of Latvia to enhance cooperation in information exchange and tax recovery efforts. The agreement aims to strengthen
See MoreWTO Working Paper: Continuing Significance of MFN Trading Terms
A WTO working paper of 15 January 2025, written by Tomasz Gonciarz and Thomas Verbeet, has the title Significance of most-favoured-nation terms in global trade: A comprehensive analysis. Under the WTO's MFN trading principle, member countries of
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Czech Republic, Kenya holds third round of income tax treaty talks
The Czech Republic and Kenya held their third round of income tax treaty negotiations from 20 to 23 January 2025. Any resulting income tax treaty will prevent double taxation and pertain to taxes on income and prevent tax evasion between the
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Ireland, Oman income tax treaty enters into force
The income tax treaty between Ireland and Oman entered into force on 18 December 2024. The agreement is for the avoidance of double taxation and pertains to taxes on income and the prevention of tax evasion between the governments of the two
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Cambodia, France hold third round of income tax treaty negotiations
Officials from Cambodia and France conducted the third round of negotiations for an income tax treaty on 2 January 2025. If an agreement is reached, signed, and ratified, it will be a first between the two nations. Earlier, Cambodian and
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Slovenia ratifies income tax treaty with Australia
Slovenia issued the law ratifying the income tax treaty with Australia on 30 December 2024. Earlier, the Australian government announced the signing of a new tax treaty with Slovenia on 9 September 2024. The agreement will enter into force
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India, Sri Lanka sign amending protocol to tax treaty
India and Sri Lanka signed an amending protocol to their 2013 income tax treaty on 16 December 2024. This marks the first revision to the agreement, which will come into force after the exchange of ratification instruments. The treaty was
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Egypt, Qatar income tax treaty enters into force
The income tax treaty between Egypt and Qatar has entered into force and applies from 1 January 2025. Both countries utilise the credit method to eliminate double taxation. The treaty applies to Egypt's individual income tax, corporate income
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UAE: Cabinet approves tax treaty with Bahrain
The Cabinet of Ministers of the United Arab Emirates approved for ratification the income tax treaty with Bahrain on 2 January 2025. Earlier, the Bahrain Council of Representatives approved the ratification of the income tax treaty with the
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Bahrain, Oman sign tax treaty
The Sultanate of Oman and the Kingdom of Bahrain signed 25 memoranda of understandings (MoUs), which include an income tax treaty, at Al Bustan Palace Hotel on 15 January 2025. The aim of these agreements is to strengthen the economic ties
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Andorra, Lithuania income tax treaty enters into force
The income tax treaty between Andorra and Lithuania entered into force on 24 December 2024. This agreement aims to eliminate double taxation on income and capital, fostering closer cooperation between the tax administrations of both countries to
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Saudi Arabia: Shura Council approves income tax treaty with Iceland
The Saudi Shura Council approved the ratification of the income tax treaty with Iceland on 13 January 2025. The agreement is aimed at avoiding double taxation between the two nations. It is also expected to encourage trade and investment by
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Ecuador, UK income and capital tax treaty enters into force
The income and capital tax treaty between Ecuador and the UK entered into force 19 December 2024. Earlier, Ecuadorian President Daniel Noboa signed a decree ratifying the income and capital tax treaty with the UK on 13 December 2024. The
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Romania, Malta ratify protocol to tax treaty
Romania’s President Klaus Iohannis has signed into law the ratification of the pending protocol to the 1995 Romania-Malta income tax treaty on 9 January 2024. This follows after the protocol was approved by Romania's Chamber of Deputies on 18
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Italy: Chamber of Deputies approve tax treaty with Libya
The Italian Chamber of Deputies approved the law ratifying the income tax treaty with Libya on 8 January 2025. This follows after Italy’s Senate ratified the pending income tax treaty with Libya on 11 September 2024. Signed on 10 June 2009, it
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Netherlands, Andorra income tax treaty enters into force
The income and capital tax treaty between the Netherlands and Andorra came into force starting 31 December 2024. The treaty covers Andorran corporate income tax, personal income tax, non-resident income tax, and capital gains tax on property
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Saudi Arabia: Shura Council approves tax treaty with Iceland
Saudi Arabia's Shura Council has approved the income tax treaty with Iceland on 13 January 2025. This follows after officials from Saudi Arabia and Iceland convened in Riyadh to sign an income tax treaty on 4 December 2024. The agreement aims to
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Romania: Senate approves amending protocol to tax treaty with Malta
The Romanian Senate has approved Draft Law No. L611/2024, ratifying the amending protocol to the 1995 Malta-Romania Income Tax Treaty on 16 December 2024. The protocol has been submitted to the President for approval and promulgation. The
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