Bahrain, Oman sign tax treaty
The Sultanate of Oman and the Kingdom of Bahrain signed 25 memoranda of understandings (MoUs), which include an income tax treaty, at Al Bustan Palace Hotel on 15 January 2025. The aim of these agreements is to strengthen the economic ties
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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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Romania, Malta ratify protocol to tax treaty
Romania’s President Klaus Iohannis has signed into law the ratification of the pending protocol to the 1995 Romania-Malta income tax treaty on 9 January 2024. This follows after the protocol was approved by Romania's Chamber of Deputies on 18
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Italy: Chamber of Deputies approve tax treaty with Libya
The Italian Chamber of Deputies approved the law ratifying the income tax treaty with Libya on 8 January 2025. This follows after Italy’s Senate ratified the pending income tax treaty with Libya on 11 September 2024. Signed on 10 June 2009, it
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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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Saudi Arabia: Shura Council approves tax treaty with Iceland
Saudi Arabia's Shura Council has approved the income tax treaty with Iceland on 13 January 2025. This follows after officials from Saudi Arabia and Iceland convened in Riyadh to sign an income tax treaty on 4 December 2024. The agreement aims to
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Romania: Senate approves amending protocol to tax treaty with Malta
The Romanian Senate has approved Draft Law No. L611/2024, ratifying the amending protocol to the 1995 Malta-Romania Income Tax Treaty on 16 December 2024. The protocol has been submitted to the President for approval and promulgation. The
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Brazil: Congress approves income tax treaty text with Norway
Brazil’s Congress has approved the 2022 Brazil-Norway Income Tax Treaty through Legislative Decree No. 273 of 2024, which was published in the Official Gazette (Issue No. 247) on 24 December 2024. Signed on 4 November 2022, the agreement with
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Brazil ratifies new tax treaty with Norway
Brazil's Senate has ratified the new income tax treaty with Norway on 17 December 2024. This agreement will replace the 1980 tax treaty between Brazil and Norway after taking effect. Signed on 4 November 2022, the agreement with Norway aims at
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Armenia approves tax treaty with Japan
Armenia’s government has approved the signing of a new income tax treaty with Japan on 19 December 2024. This follows after Armenia and Japan have agreed in principle on the new income tax treaty between the two countries on 16 October
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Ukraine releases synthesised texts of tax treaties with Slovenia, Vietnam
Ukraine's Ministry of Finance has published synthesised texts of its tax treaties with Slovenia and Vietnam, incorporating changes from the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting
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Thailand approves tax treaties with Netherlands, Norway
The Thai Cabinet approved the signing of tax treaties between the Netherlands and Norway on 24 December 2024. The new treaties will supersede the 1975 tax treaty with the Netherlands and the 2003 tax treaty with Norway. The purpose behind the new
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Germany suspends DTA with Belarus
The German Federal Government notified the Republic of Belarus on 30 December 2024, that the agreement between the Federal Republic of Germany and the Republic of Belarus on the avoidance of double taxation concerning income and wealth taxes, dated
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US partially suspends tax treaty with Belarus
The US Internal Revenue Service (IRS) has released Announcement 2025-5, confirming the partial suspension of the 1973 tax treaty with the former Soviet Union as it pertains to Belarus. The US provided formal notice to the Republic of Belarus on
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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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Luxembourg ratifies tax treaties with Albania, Montenegro
Luxembourg ratified both the Luxembourg-Montenegro Income and Capital Tax Treaty (2024) and the Albania-Luxembourg Income and Capital Tax Treaty (2009) along with its amending protocol on 18 December 2024. Earlier, Luxembourg’s Chamber of
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