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
Netherlands: Parliament approves Curacao-Malta tax treaty
On 11 June, 2024, the Dutch House of Representatives approved the pending income tax treaty between Curacao and Malta. Member of Parliament and Curacaoan Minister for Foreign Affairs Bruins Slot, along with Curacaoan Secretary of State for Fiscal
See More
US: Treasury confirms suspension of tax treaty with Russia
On 17 June 2024, the US Department of Treasury announced that the United States had provided formal notice to the Russian Federation to confirm the suspension of the operation of Paragraph 4 of Article 1 and Articles 5-21 and 23 of the Convention
See More
Switzerland approves tax treaty protocol with Germany
On 14 June 2024, the Swiss Federal Council announced it adopted the dispatch on the protocol of amendment to the double taxation agreement (DTA) with Germany. The protocol adapts the DTA to various changes in the needs of the contracting states and
See More
Switzerland approves pending tax treaty with Angola
On 14 June, 2024, the Swiss Federal Council announced the dispatch of the approval of a double taxation agreement (DTA) with Angola. The agreement will create legal certainty for the further development of bilateral economic relations and tax
See More
Armenia, Hong Kong to sign tax treaty
On 14 June 2024, Armenia’s government announced it approved plans to sign an income tax treaty with Hong Kong. If signed, this tax treaty will be the first between the two nations. The treaty aims to eliminate double taxation of income and prevent
See More
Iceland, Andorra tax treaty enters into force
As per a notice published in Andorra's Official Gazette, the income and capital tax treaty between Andorra and Iceland took effect on 10 May, 2024. The treaty, the first between the two nations, was signed on 28 February, 2023. The agreement
See More
Argentina, Tunisia end tax treaty negotiations
According to a release from Argentina's Ministry of Foreign Affairs, International Trade, and Worship, officials from Argentina and Tunisia convened on 11 June 2024 to discuss an income tax treaty. Foreign Minister Diana Mondino and the
See More
Spain confirms end of tax treaty with Kyrgyzstan
Spain’s Council of Ministers, through a statement, convened and approved an agreement recognising Kyrgyzstan's notice of termination of the 1985 tax treaty between Spain and the former Soviet Union on 11 June, 2024. This agreement was signed in
See More
Japan, Kyrgyzstan considers negotiating tax treaty
As per a statement from the Ministry of Economy and Commerce of Kyrgyzstan, representatives from Japan and Kyrgyzstan met on 5 June, 2024, to discuss enhancing bilateral collaborations, which includes talks regarding an income tax
See More
Austria, Russia suspends tax treaty
Austria's Ministry of Finance has issued a new Decree, on 30 May, 2024, superseding a previous Russian notice from December, 2023, regarding the suspension of the 2000 income and capital tax treaty. The decree reiterates the provisions affected
See More
Sri Lanka, Maldives to sign tax treaty
Officials from Sri Lanka and the Maldives met to discuss strengthening bilateral relations and cooperation, including the signing of an income tax treaty, on 6 June 2024. This follows after the Maldives ' Minister of Foreign Affairs, Moosa
See More
Ivory Coast, Korea (Rep.) fast-track tax treaty talks
Representatives from Ivory Coast and South Korea convened on 3 June, 2024, to enhance their bilateral ties, focusing on expediting talks for an income tax treaty. These negotiations, initiated in 2018, mark a step towards fostering economic
See More
Switzerland ratifies tax treaty with Slovenia
The Swiss Council of States, the upper house of parliament, approved the ratification of the 1996 income and capital tax treaty with Slovenia on 30 May, 2024. The protocol implements the minimum standards for double taxation agreements. Signed
See More
Ukraine: Parliament ratifies income tax treaty with Japan
The Ukraine parliament has approved the ratification of the pending income tax treaty with Japan on 5 June, 2024. It will come into effect 30 days after the exchange of ratification instruments, with application commencing from 1 January of the
See More
Pakistan, Kuwait formalises MOU on avoidance of double taxation
Pakistan and Kuwait have agreed to formalise Memorandum of Understandings (MoUs) for collaboration in various areas. During the 5th Session of the Pakistan-Kuwait Joint Ministerial Commission; held from 28 – 30 May, 2024, in Kuwait; both
See More
Czech Republic, UAE ratifies income tax agreement
The Czech Ministry of Finance, recently ratified the tax treaty with the United Arab Emirates. Effective starting 29 May 2024, the agreement aims to prevent double taxation. By reducing tax uncertainty and promoting fair taxation, the treaty will
See More