Netherlands: New income tax treaty signed with Bangladesh

March 13, 2024

On 12 March 2024, the Netherlands State Secretary for Tax Affairs Van Rij and Minister Abdul Hassan Mahmood Ali of Bangladesh signed a new bilateral tax treaty in Dhaka. This income tax treaty aims to avoid double taxation and further Dutch and

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OECD: Report on the Simplified and Streamlined Approach Under Amount B

February 21, 2024

On 19 February 2024 the OECD/G20 Inclusive Framework released the report on Amount B of Pillar One, following a previous consultation. The report sets out how jurisdictions can choose to apply the simplified and streamlined approach to qualifying

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UN: Guide on Tax Treaties for Investment Policymakers

February 15, 2024

On 13 February 2024 UNCTAD released a guide with the title Double taxation treaties: What investment policymakers need to know. The guide deals with the aspects of double tax treaties that are important for investment policymakers to understand, and

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Tax Treaty Brief: February 2024

February 15, 2024

France and Moldova On 25 January 2024, the French lower house of parliament approved the Double Taxation Agreement (DTA) with Moldova. Rwanda and Jordan On 25 January 2024, the Rwandan Cabinet gave its approval to the draft law for

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OECD: Comments Received on Changes to the Commentary to Article 5

January 25, 2024

On 22 January 2024, the OECD published comments on proposed amendments to the commentary to Article 5 in relation to an alternative provision on activities in connection with the exploration and exploitation of natural resources. The additional

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Tax Treaty Brief: January 2024

January 23, 2024

Germany and Sweden On 31 December 2023, the amending protocol to the Double Taxation Agreement (DTA) between Germany and Sweden entered into force. In general, the provisions of the protocol apply from 1 January 2024. Oman and Russia On

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US announces termination date of tax treaty with Hungary 

December 30, 2023

On 29 December 2023, the U.S. IRS declared in the ‘Announcement 2024-05’ the effective date of the termination of the 1979 tax treaty with Hungary. The Government of the United States provided a diplomatic notification, dated 8 July 2022, to

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Tax Treaty Brief: December 2023

December 20, 2023

Belarus and Equatorial Guinea On 28 November 2023, Mr. Alexander Lukashenko, the President of Belarus signed a decree that grants approval to negotiate and sign of a Double Taxation Agreement (DTA) with Equatorial Guinea. Moldova and

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Cyprus and France sign the DTA to strengthen economic ties

December 12, 2023

On 11 December 2023, the Convention for the Elimination of Double Taxation with Respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance, and its Protocol between the Republic of Cyprus and the French Republic, was signed in

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Tax Treaty Brief: November 2023

November 17, 2023

Croatia and Cyprus On 27 October 2023, Cyprus ratified the Double Taxation Agreement (DTA) with Croatia. Cambodia, Congo (Dem. Rep.), Senegal, Sri Lanka, and Turkey On 26 October 2023, the Turkish Parliament approved the Double Taxation

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OECD Releases Information and Statistics on Mutual Agreement Procedures

November 16, 2023

On 14 November 2023 the OECD released the 2022 Mutual Agreement Procedures (MAP) Statistics, covering 133 jurisdictions worldwide. The release of these statistics each year is part of the actions to improve dispute prevention and resolution in line

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UN Tax Committee considers transfer pricing and treaty issues

October 27, 2023

The 27th session of the UN Committee of Experts on International Cooperation in Tax Matters took place from 17 to 20 October 2023. Subcommittees dealing with various areas of taxation presented updates to the Tax Committee on their

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Tax Treaty Brief: October 2023

October 18, 2023

Andorra and Croatia On 28 September 2023, the Croatian parliament approved the ratification of the Double Taxation Agreement (DTA) with Andorra. Iran and Ukraine On 26 September 2023, Ukraine has published Letter No. 72/14-612/1-114650

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Tax Treaty Brief: September 2023

September 20, 2023

Bangladesh and Hong Kong On 30 August 2023, the Govt. officials from Bangladesh and Hong Kong signed a Double Taxation Agreement (DTA) for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.

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Hong Kong and Bangladesh enter into tax pact

September 05, 2023

On 30 August 2023, the Secretary for Financial Services and the Treasury, Mr Christopher Hui, on behalf of the Hong Kong Special Administrative Region Government signed a comprehensive avoidance of double taxation agreement (CDTA) with Bangladesh.

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Tax Treaty Brief: August 2023

August 23, 2023

Albania and Slovak Republic On 26 July 2023, the Council of Ministers in Albania approved the draft legislation for the ratification of the Double Taxation Agreement (DTA) with the Slovak Republic. Germany and Switzerland On 26 July

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OECD: Facilitating the Use of Treaty Exchanged Information for Non-Tax Purposes

July 24, 2023

Sharing of treaty-exchanged information with relevant law enforcement agencies for non-tax purposes helps to combat illicit financial flows (IFFs), money laundering and corruption. Institutions often face operational challenges in implementing this

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Tax Treaty Brief: July 2023

July 20, 2023

Cyprus and Netherlands On 30 June 2023, the Double Taxation Agreement (DTA) between Cyprus and the Netherlands entered into force. The DTA contains withholding tax rates for Dividends 0% for at least 5% capital holding; otherwise, 15%,

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