In the Case of ADIT vs. Clifford Chance, the Tribunal ruled that professional services fees would be taxable in India
On 13 May 2013, the Special Bench of the Income Tax Appellate Tribunal issued its judgment in the case of ADIT vs. Clifford Chance. The Tribunal ruled that professional services fees would be taxable to the extent of the services actually
See MoreTreaty between Germany and Luxembourg enters into force
The Income and Capital Tax Treaty between Germany and Luxembourg entered into force on 30 September 2013. The treaty generally applies from 1 January 2014. From this date, the new treaty generally replaces the Income and Capital Tax Treaty
See MoreChina-Switzerland: Initialed tax treaty agreements
A new agreement had been signed between China and Switzerland for the avoidance of double taxation on 25 September 2013. The new treaty will replace the current agreement that was signed in 1990. The dividend withholding tax rate is reduced to 5%
See MoreGuernsey and Poland: Signed a tax agreement
The Guernsey - Poland Individual Income Tax Agreement (2013) was signed, in London, on 8 October 2013. This agreement relates to certain income of individuals under the income tax of Guernsey and the personal income tax of Poland. The agreement
See MoreProtocol to treaty between Iceland and Poland enters into force
The amending treaty protocol signed on 16 May 2012, to the Iceland and Poland Income and Capital Tax Treaty (1998) entered into force on 23 August 2013, . The protocol generally applies from 1 January
See MoreKazakhstan – Czech Republic ICTT protocol authorized
It has been reported that the government of the Czech Republic has authorized the signing of the initialed amending protocol to the Czech Republic – Kazakhstan Income and Capital Tax Treaty (1998) on October 16,
See MoreProtocol to treaty between Brazil and India signed
Brazil and India signed an amending protocol to the Brazil – India Income Tax Treaty (1988), in Brasilia on 15 October 2013. Currently no further details of the protocol are
See MoreBarbados and Malta treaty Protocol signed
It has been reported that Barbados and Malta signed an amending protocol to the Barbados – Malta Income Tax Treaty (2001), in New York on 25 September 2013. No further details of the amending protocol are currently
See MoreProtocol to tax agreement between Austria and Hong Kong enters into force
According to a press release of 18 October 2013, the amending protocol on Income and Capital Tax agreement between Austria and Hong Kong, signed on 25 June 2012, entered into force on July
See MoreProtocol and exchange of letters entered into force to treaty between Korea (Rep.) and Luxembourg
The amending protocol and exchange of letters, which was signed on 29 May 2012, the Income and Capital Tax Treaty between Korea (Rep.) and Luxembourg, entered into force on 4 September 2013. The protocol generally applies from 4 September
See MoreDTT between Hungary and Kosovo
The government of Hungary and Kosovo signed an agreement on 3 October 2013 for the avoidance of double taxation and fiscal evasion with respect to taxes on income and capital. The agreement follows a previous agreement on customs cooperation and an
See MoreCyprus and Ukraine finalize the procedures to bring new treaty into force
The Inland Revenue Department of the Ministry of Finance of Cyprus issued Circular No. 2013/16 on 23 September 2013, expressing that Cyprus and Ukraine have both completed all the procedures required to bring into force the new Double Tax Treaty
See MoreCanada: Quarterly formal interest rate due to include deemed interest income
The Revenue Agency (CRA) of Canada ensured that the quarterly prescribed interest rate used to determine the deemed interest income inclusion from a "pertinent loan or indebtedness" will be 5.02% for the fourth quarter of 2013 - i.e. October 1, 2013
See MoreTreaty between Senegal and South Africa signed
Senegal and South Africa signed a tax treaty, in Senegal. No further details of the treaty are currently available. South Africa has signed two other agreements with Senegal – a memorandum of understanding on agriculture, and a co-operation
See MoreTreaty between Estonia and Morocco signed
Estonia and Morocco signed a tax treaty on 25 September 2013 in New York. It was signed during a visit by the ministers of Foreign Affairs to the 68th session of the General Assembly of the United Nations. No further details are currently
See MoreKazakhstan-Luxembourg DTT approved by Kazakhstan
Kazakhstan’s Lower House of Parliament has approved the Kazakhstan – Luxembourg Income and Capital Tax Treaty (2008) on September 25, 2013 which was signed on June 26, 2008, and the amended protocol was signed on May 3, 2012. The treaty and
See MoreProtocol to treaty between Indonesia and Mexico signed
Indonesia and Mexico signed an amending protocol to the Indonesia – Mexico Income Tax Treaty (2002) on 7 October 2013. The protocol was signed during the working visit of the President of the United Mexican States to Indonesia on 6 October 2013,
See MoreLiechtenstein and Malta sign DTA
A bilateral double taxation agreement (DTA) between Liechtenstein and Malta in respect of taxes on income and on wealth is signed on 27 September 2013. On the basis of OECD this treaty is made policies of both treaty partner states are
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