OECD: Peer Review Report on the Prevention of Treaty Shopping

March 24, 2023

On 21 March 2023 the OECD released the latest peer review results following assessment of the actions taken by each country to prevent tax treaty shopping under BEPS Action 6. The Fifth Peer Review Report on Treaty Shopping assesses the

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Hong Kong and Mauritius enter into tax pact

November 08, 2022

On 7 November 2022, 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

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Latvia: MLI enters into force

February 29, 2020

On 28 February 2020, OECD has published the update list of signatories and parties to the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). Accordingly, MLI entered into force for

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DTA between China and New Zealand enters into force

January 05, 2020

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

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DTA between Ecuador and Japan enters into force

December 31, 2019

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

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DTA between Estonia and Hong Kong enters into force

December 25, 2019

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

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DTA between Czech Republic and Korea (Rep.) enters into force

December 25, 2019

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

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Tax treaty between Colombia and the UK enters into force

December 22, 2019

On 16th 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,

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Amending protocol to the Nordic tax treaty enters into force

December 12, 2019

On 28 November 2019, the amending protocol to the Nordic tax treaty (Denmark, the Faroe Islands, Finland, Iceland, Norway, and Sweden) was entered into force in respect of Norway and applies from 1 January

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DTA between Croatia and Japan enters into force

September 04, 2019

On 5 September 2019, the Double Taxation Agreement (DTA) between Croatia and Japan (2018) will enter into force. The treaty generally applies from 5 September 2019 for the provisions of article 25 (Exchange of Information) and article 26

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DTA between Kosovo and Malta enters into force

August 29, 2019

On 20 September 2019, the Double Taxation Agreement (DTA) between Kosovo and Malta will enter into force and applies from 1 January

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DTA between Egypt and Uzbekistan enters into force

August 13, 2019

On 25 March 2019, the Double Taxation Agreement (DTA) between Egypt and Uzbekistan was entered into force. The DTA applies from 1 January 2020.  The agreement contains Dividends rate 5% for at least 25% capital holding; otherwise 10%, Interest

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Luxembourg: DTA with Kosovo enters into force

August 05, 2019

On 23 July 2019, the Double Taxation Agreement (DTA) between Kosovo and Luxembourg was entered into force and applies from 1 January 2020. The agreement was signed on 8 December 2017. The agreement contains Dividends rate 0% for at least 10%

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DTA between Luxembourg and Uzbekistan enters into force

August 05, 2019

On 26 July 2019, the amending protocol to the Double Taxation Agreement (DTA) between Luxembourg and Uzbekistan was entered into force and applies from 1 January 2020. The agreement was signed by Luxembourg Minister of Finance Pierre Gramegna and

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DTA between Ukraine and Qatar enters into force

June 03, 2019

On 9 April 2019, the Double Taxation Agreement (DTA) between Ukraine and Qatar was entered into force and applies from 1 January 2020. The agreement contains Dividends rate 5% for at least 10% capital holding; otherwise 10%, Interest rate

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UK: Double tax treaty with Lesotho takes effect

March 08, 2019

The double tax treaty between the UK and Lesotho takes effect in relation to UK corporation tax for financial years beginning on or after 1 April 2019. The treaty was signed on 3 November 2016 and entered into force on 18 September 2018. Permanent

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UK: Tax treaty negotiating priorities for 2019

March 06, 2019

On 4 March 2019 the UK government set out its tax treaty negotiating priorities for 2019, following discussions with representatives of business, government departments and other interested organisations and individuals. The work program has been

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UK: Finance Act 2019 receives Royal Assent

February 19, 2019

The UK Finance Act 2019 received the Royal Assent on 12 February 2019. The Act includes some of the measures announced by the Chancellor in the Autumn Budget in October 2018. Annual Investment Allowance The Annual Investment Allowance (AIA) is being

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