Libya, Turkey near agreement on first income tax treaty
Libya and Turkey are close to reaching an agreement on an income tax treaty. A tax treaty is a bilateral agreement between two countries aimed at addressing double taxation on both passive and active income earned by their respective citizens.
See MoreCambodia, Pakistan considers negotiating for income tax treaty
Officials from Cambodia and Pakistan held discussions on bilateral relations, including the negotiation and signing of an income tax treaty on 20 January 2025. The agreement shall prevent double taxation between the two nations while also
See MoreHungary to negotiate new tax treaty with US
Hungary’s Prime Minister Viktor Orbán has authorised negotiations for a new income tax treaty with the US. The new tax treaty between the two nations is aimed at avoiding and preventing double taxation in the field of income taxes. In July
See MoreCzech Republic, Kenya conclude tax treaty negotiations
Officials from the Czech Republic and Kenya have announced the conclusion of negotiations for a first-ever income tax treaty between the two countries on 22 January 2025. The treaty aims to eliminate double taxation of income and prevent tax
See MoreHong Kong, Kyrgyzstan conclude tax treaty talks
Kyrgyzstan's Ministry of Economy and Commerce announced that it has concluded negotiations for an income tax treaty with Hong Kong on 17 January 2025. The treaty aims to eliminate double taxation of income and prevent tax evasion between the two
See MoreCzech 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
See MoreCambodia, 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
See MoreTanzania, Vietnam continue income tax treaty negotiations
Officials from Tanzania and Vietnam met to further negotiations on establishing an income tax treaty on 3 December 2024. Negotiations first began in 2016. If an agreement is reached, it will be a first between the two nations. The treaty will
See MoreTurkey, Lesotho conclude initial tax treaty negotiations
Officials from Turkey and Lesotho met in Ankara to negotiate for a tax treaty between 26 t– 29 November 2024, according to the release, The negotiations were conducted under Mehmet Arabaci, Deputy President of the Turkish Revenue
See MoreArgentina, Slovenia consider signing income tax treaty
In a LinkedIn post, Slovenia’s Minister of Finance, Klemen Boštjančič, stated that officials from Argentina and Slovenia convened recently to negotiate an income and capital tax treaty between the two countries. Double tax treaties (DTTs)
See MoreBelgium, Liechtenstein conclude tax treaty negotiations
Belgium and Liechtenstein officials have concluded negotiations for a possible income and capital tax treaty on 27 November 2024. If a treaty results from the negotiations, it will be the first between the two countries. Any resulting
See MoreAustralia: Treasury consults tax treaty with Portugal
Australia’s Department of the Treasury, in a release, announced a public consultation regarding the draft legislation introducing a tax treaty with Portugal on 3 December 2024. The proposed legislation aims to eliminate double taxation and
See MoreHong Kong, Rwanda conclude first round of income tax treaty negotiations
An update from the Hong Kong Inland Revenue Department reports that Hong Kong and Rwanda officials concluded the initial round of negotiations for an income tax treaty on 22 November 2024. The resulting treaty would be the first of its kind
See MoreLiechtenstein seeks to establish income tax treaty with Slovak Republic
The Liechtenstein government has announced, on 20 November 2024, that officials from Liechtenstein and Slovak Republic convened to discuss economic relations, which included Liechtenstein's interest in establishing an income tax
See MoreHungary considers signing new tax treaty with US
Hungary’s Prime Minister Viktor Orbán announced, in a release on 11 November 2024, that his government is seeking to sign a new income tax treaty with US president-elect Donald Trump. Orbán said Hungary and the US will need to sign “a great
See MoreChina, Peru to hold second round of tax treaty talks
Officials from China and Peru will convene from 19 to 22 November 2024 for the second round of negotiations regarding an income tax treaty. This treaty seeks to prevent double taxation and tax evasion, promoting economic integration between the
See MoreRomania approves signing of new tax treaty with UK
Romania’s government has approved the signing of a new income tax treaty with the UK on 7 November 2024. This new income tax treaty will supersede the existing Romania - United Kingdom Income Tax Treaty of 1975. Previously, on 18 October
See MoreSaudi Arabia, Slovenia to conclude tax treaty
During the recent Future Investment Initiative conference in Riyadh, held from 29 to 31 October 2024, officials from Saudi Arabia and Slovenia convened to discuss bilateral relations, including the potential establishment of an income tax
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