DTA signs between Angola and Cape Verde
On 8 August 2019, the Double Taxation Agreement (DTA) between Angola and Cape Verde signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in
See MoreIraqi Cabinet approves DTA between Iraq and Saudi Arabia
On 6 August 2019, the Iraqi Cabinet approved the draft Double Taxation Agreement (DTA) with the Kingdom of Saudi Arabia. The agreement was signed on 17 April
See MoreDTA between Egypt and Uzbekistan enters into force
On 25 March 2019, the Double Taxation Agreement (DTA) between Egypt and Uzbekistan was entered into force. The DTA applies from 1 January 2020. The agreement contains Dividends rate 5% for at least 25% capital holding; otherwise 10%, Interest
See MoreNew Zealand: DTA signs with Switzerland
On 8 August 2019, officials from New Zealand and Switzerland signed an amending protocol to update the Double Taxation Agreement (DTA) between them in accordance with BEPS
See MoreAngola signs DTA with Maldives
On 8 August 2019, the Double Taxation Agreement (DTA) between Angola and Cape Verde signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in
See MoreUkraine signs amending protocol to DTA with UAE
On 24 July 2019, the Cabinet of Ukraine approved to sign an amending protocol to the Double Taxation Agreement (DTA) with United Arab Emirates (UAE). The provisions of the draft protocol fully comply with the requirements with the Organization for
See MoreUkraine: DTA signs with Oman
On 24 July 2019, the Cabinet of Ukraine authorized to sign a Double Taxation Agreement (DTA) with Oman. The agreement contains Dividends rate 5% for at least 20% capital holding; otherwise 10%, Interest rate 10%, and Royalties rate
See MoreLuxembourg: DTA with Kosovo enters into force
On 23 July 2019, the Double Taxation Agreement (DTA) between Kosovo and Luxembourg was entered into force and applies from 1 January 2020. The agreement was signed on 8 December 2017. The agreement contains Dividends rate 0% for at least 10%
See MoreDTA between Luxembourg and Uzbekistan enters into force
On 26 July 2019, the amending protocol to the Double Taxation Agreement (DTA) between Luxembourg and Uzbekistan was entered into force and applies from 1 January 2020. The agreement was signed by Luxembourg Minister of Finance Pierre Gramegna and
See MoreLuxembourg: MLI enters into force
On 1 August 2019, the multilateral convention to implement tax treaty related measures to prevent Base Erosion and Profit Shifting (Multilateral Instrument or MLI) entered into force in respect of Luxembourg. MLI provisions that affect withholding
See MoreDTA between Ukraine and Qatar enters into force
On 9 April 2019, the Double Taxation Agreement (DTA) between Ukraine and Qatar was entered into force and applies from 1 January 2020. The agreement contains Dividends rate 5% for at least 10% capital holding; otherwise 10%, Interest rate
See MoreIndia: CBDT invites public comments on proposal to amend rules for profit attribution to PE
On 18 April 2019, the Central Board of Direct Taxes (CBDT) released the Committee’s report on profit attribution to a permanent establishment (PE) in India for public consultation, specifically requesting for comments on the conclusions and
See MoreUN: Proposed updates to Model Tax Convention
On 3 April 2019 a number of papers were released by the UN in advance of the meeting of the UN Committee of Experts on International Cooperation in Tax Matters planned for 23 to 26 April 2019. These papers included suggested amendments to the UN
See MoreIndonesia: MoF issues restrictions on new foreign tax credit rules
The Minister of Finance (MoF) of Indonesia published a regulation No. 192/PMK.03/2018 regarding the implementation of tax credits on overseas income. PMK-192 is more comprehensive than the previous regulation regarding foreign tax credits (FTC).
See MoreNicaragua publishes tax law for 2019
On 28 February 2019, Nicaragua issued tax amend law No.987 in the Official Gazette including notices of the amendment of applicable withholding tax rates. Major changes are summarized in below: Establishing the changes in the alternative
See MoreUK: Double tax treaty with Lesotho takes effect
The double tax treaty between the UK and Lesotho takes effect in relation to UK corporation tax for financial years beginning on or after 1 April 2019. The treaty was signed on 3 November 2016 and entered into force on 18 September 2018. Permanent
See MoreUK: Tax treaty negotiating priorities for 2019
On 4 March 2019 the UK government set out its tax treaty negotiating priorities for 2019, following discussions with representatives of business, government departments and other interested organisations and individuals. The work program has been
See MoreUK: Finance Act 2019 receives Royal Assent
The UK Finance Act 2019 received the Royal Assent on 12 February 2019. The Act includes some of the measures announced by the Chancellor in the Autumn Budget in October 2018. Annual Investment Allowance The Annual Investment Allowance (AIA) is being
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