Czech Republic, Montenegro tax treaty enters into force
The income tax treaty between the Czech Republic and Montenegro took effect on 30 January 2025. Signed on 20 February 2024, it replaces the 2004 treaty between the Czech Republic and the former Serbia and Montenegro. The income treaty aims to
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Azerbaijan, Kyrgyzstan tax treaty enters into force
The income tax treaty between Azerbaijan and Kyrgyzstan came into force on 8 January 2025. Signed on 24 April 2024, this agreement is the first tax treaty established between the two nations. As per the agreement, withholding taxes are applicable
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Slovak Republic, Kyrgyzstan income tax treaty enters into force
The income tax treaty between Kyrgyzstan and the Slovak Republic is set to take effect on 1 March 2025. This agreement seeks to prevent double taxation and tax evasion. Withholding taxes are applied at rates of 5% on dividends, 10% on interest,
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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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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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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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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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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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Korea (Rep.), Philippines FTA enters into force
The Korea-Philippine Free Trade Agreement (FTA) entered into force on 31 December 2024, as announced by the Korean Embassy in Manila on Monday, 30 December 2024. Under the Free Trade Agreement (FTA), South Korea will eliminate tariffs on 94.8% of
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Hong Kong, Croatia tax treaty enters into force
The income tax agreement between Hong Kong and Croatia entered into force on 20 December 2024. Hong Kong and Croatia signed an income and capital tax agreement on 24 January 2024, seeking to eliminate double taxation on income and capital while
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Bangladesh, Hong Kong tax treaty enters into force
The tax treaty between Bangladesh and Hong Kong entered into force on 20 December 2024. The Bangladesh-Hong Kong Income Tax Agreement (2023)’s provisions will apply from 1 April 2025 for Hong Kong and 1 July 2025 for Bangladesh. The
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Rwanda, Korea (Rep.) tax treaty enters into force
The income tax treaty between Rwanda and Korea(Rep.) entered into force on 19 December 2024. Earlier, the National Assembly of Korea (Rep.) approved the ratification of the income tax treaty with Rwanda on 14 November 2024. The treaty was
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Argentina, China tax treaty enter into force
The income and capital tax treaty between Argentina and China came into force on 26 November 2024. This was confirmed in a notice published in the Argentine Official Gazette on 19 December 2024. This income tax treaty aims to eliminate double
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Netherlands: Tax treaties with Moldova, Kyrgyzstan, and Andorra enter into force
The amended protocol to the 2000 Netherlands-Moldova Income and Capital Tax Treaty, signed on 4 September 2023, will officially enter into force on 31 December 2024. This is the first amendment to the tax treaty and its provisions will take effect
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Russia, Abkhazia income tax treaty enters into force
The tax treaty between Abkhazia and Russia enters into force on 28 November 2024. This agreement will become effective for withholding and other taxes starting from 1 January 2025. It establishes a 10% withholding tax rate on dividends and
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Romania gazettes income tax treaty suspension with Belarus
Romania has issued Order no. 2.412 of 6 November 2024 in the Official Gazette, announcing the suspension of the 1997 income and capital tax treaty with Belarus, effective from 12 November 2024. Earlier, the Romanian government approved a
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Czech Republic, Rwanda tax treaty enters into force
The Czech Republic Ministry of Finance has announced,on 11 November 2024, that the income tax treaty with Rwanda came into effect on 30 October 2024. This treaty, signed on 2 May 2023, is the first between the two nations and aims to eliminate
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Japan, Greece tax treaty enters into force
Japan's Ministry of Finance has confirmed that the income tax treaty with Greece will take effect on 5 December 2024. The exchange of diplomatic notes between Japan and Greece for the entry into force of the “Convention between Japan and the
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