Panama regulates mutual agreement procedures for double tax treaties
Panama’s tax authority (Dirección General de Ingresos, DGI) published Resolution 201-3777 of 7 June 2024 in the Official Gazette on 24 June 2024. This Resolution sets forth procedural guidelines for taxpayers to access the Mutual Agreement
See More
Cyprus, Vietnam to resume tax treaty talks
According to Vietnam’s government press release on 21 June 2024, Cyprus and Vietnam officials convened and expressed their interest in continuing negotiations for an income tax treaty. Both countries agree that avoiding double taxation will
See More
Netherlands, Kyrgyzstan ratify pending tax treaty
Kyrgyzstan announced that it ratified the pending income tax treaty with the Netherlands on 28 June, 2024. The new tax treaty, which will be the first between the Netherlands and Kyrgyzstan, aims to eliminate double taxation on income and prevent
See More
France approves pending tax treaty protocol with Switzerland
The French Council of Ministers approved the pending protocol with Switzerland, amending the 1966 income and capital tax treaty, on 26 June 2024. Previously, the Swiss Council of States (the upper house of parliament) announced that it ratified
See More
Lithuania approves termination of tax treaty with Russia
The Lithuanian government approved a resolution to terminate the 1999 tax treaty with Russia on 26 June 2024. A law for the termination must now be submitted for parliamentary approval. Earlier, the Lithuanian government made public plans to
See More
Finland approves new tax treaty with France
Finland’s President Alexander Stubb ratified the new income tax treaty with France by signing it into law on 28 June, 2024. This treaty, which was signed on 4 April 2023, will replace the existing 1970 tax agreement between the two nations. The
See More
Switzerland ratifies tax treaty protocol with Slovenia
Switzerland has announced its decision to ratify the pending protocol to the 1996 income and capital tax treaty with Slovenia, published in the Official Gazette on 25 June, 2024. Signed on 30 May 2023, this protocol marks the second amendment to
See More
Jersey, Portugal in talks for income tax treaty
During a States Assembly meeting on 25 June 2024, Ian Gorst, Jersey's Minister of External Relations, affirmed Jersey's intention to engage in discussions regarding an income tax treaty with Portugal. The objective of the treaty will be to help
See More
Russia, Vietnam sign tax treaty on technical cooperation in tax policy and tax administration
The General Department of Taxation of Vietnam and the Federal Taxation Service of the Russian Federation signed a Memorandum of Understanding (MoU) on technical cooperation in tax policy and tax administration on 20 June, 2024. The tax
See More
Azerbaijan ratifies tax treaty with Kyrgyzstan
Azerbaijan's National Assembly (Milli Mejlis) ratified the pending income tax treaty with Kyrgyzstan on Friday, 28 June 2024. The income tax agreement is expected to eliminate double taxation on income and prevent tax evasion between the two
See More
Ireland, Jersey reveal amendments to tax treaty protocols
Ireland and Jersey amended their tax treaty agreement on 23 November, 2023. The details of the amendments have recently been revealed. The protocol updates the preamble to include not only the intention to eliminate double taxation but also to
See More
Saudi Arabia, Slovak Republic: Tax treaty comes into effect
The Saudi Arabia - Slovak Republic Income Tax Treaty (2023) will become effective starting 1 August, 2024, with provisions generally applying from 1 January, 2025, concerning withholding and other taxes. The treaty was initially signed on 13
See More
Kazakhstan approves tax treaty with Oman
In a move set to boost international economic relations, Kazakh Prime Minister Oljas Bektenov signed Decree No. 404, empowering Finance Minister Madi Takiev to finalise an income and capital tax treaty with Oman. Earlier, Kazakhstan's government
See More
Czech Republic, Argentina to sign tax treaty
The Czech Republic announced, in a release on 24 June 2024, that it had started negotiations to sign an income tax treaty with Argentina. Argentina is a traditional economic partner of the Czech Republic in Latin America. Last year, it was the
See More
Ukraine ratifies new income tax treaty with Japan
Ukraine published Law No. 3774-IX, ratifying a new income tax treaty with Japan regarding the elimination of double taxation with respect to taxes on income and the prevention of tax evasion and avoidance. Signed on 19 February, 2024; the treaty
See More
Hong Kong, Armenia sign tax treaty
The Hong Kong Inland Revenue Department announced that it had signed a comprehensive avoidance of double taxation agreement (CDTA) with Armenia on Monday, 24 June 2024. Tam Tai-pang, Commissioner of Inland Revenue, signed the CDTA on behalf of
See More
US: IRS announces suspension of tax treaty with Russia
The US IRS has released Announcement 2024-26 regarding the suspension of the 1992 tax treaty with Russia. The suspension will take effect on 16 August, 2024, for taxes withheld at source and in respect of other taxes, and will continue until the two
See More
Czech Republic: Supreme Court rules on royalty beneficial ownership
The Czech Republic’s Supreme Administrative Court issued a ruling on the concept of beneficial ownership concerning royalty payments. The case centred around Avon Cosmetics Limited, a UK company based in Northampton, which granted sublicenses
See More