Hungary reports on Belarus tax treaty suspension
The National Tax and Customs Administration of Hungary issued a release on 3 June, 2024, concerning the Republic of Belarus's decision to suspend certain provisions of the 2002 tax treaty between the two nations. The suspension went into effect
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Spain, Paraguay ratifies pending tax treaty
Paraguay announced in the Official Gazette the ratification of its pending income tax treaty with Spain on 29 May, 2024. Signed on 25 March, 2023, this treaty – double taxation agreement (DTA) – is the first between the two countries. It
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Bulgaria greenlights tax treaty negotiations with Australia
The Council of Ministers in Bulgaria authorised negotiations with Australia regarding an income tax on 29 May, 2024. The government of Australia is entering into new tax treaty negotiations as part of its expansion of the tax treaty
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Switzerland parliament ratifies tax treaty protocol with France
The Swiss Council of States (the upper house of parliament) announced that it ratified the pending protocol to the 1966 income and capital tax treaty with France on 30 May, 2024. The Switzerland-France protocol was first signed on 27 June, 2023,
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Slovak Republic consults amending 2003 tax treaty protocol with Moldova
The Slovak Republic launched a public consultation on 30 May, 2024, regarding amending a protocol to the 2003 tax treaty with the Republic of Moldova. The protocol aims to align the treaty with BEPS and other OECD standards and prevent double
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China, Peru advances tax treaty negotiations
The Peruvian-Chinese Chamber of Commerce announced that China and Peru have completed the first round of negotiations for an income tax treaty on 31 May, 2024. This treaty aims to avoid double taxation and prevent tax evasion, enhancing economic
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Bulgaria signs AEOI agreement with USA
The Bulgarian Ministry of Finance announced, on 30 May 2024, the signing of an agreement with the United States for the automatic exchange of information (AEOI). Lyudmila Petkova, Deputy Prime Minister and Minister of Finance, Bulgaria, alongside
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Turkey ratifies treaty with Korea (Rep.)
Turkish President Recep Tayyip Erdoğan signed the decision to ratify a new income tax treaty with South Korea on 31 May, 2024. The treaty was made to prevent double taxation in taxes on income and to prevent tax evasion and tax
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Estonia approves income tax treaty with Qatar
Estonia approved the income tax treaty with Qatar on Thursday, 30 May, 2024. The treaty will enhance the tax cooperation between the two nations and will come into force once ratification instruments are exchanged. The tax treaty aims to
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Malaysia, Russia releases tax treaty updates
Malaysia and Russia signed a new income tax treaty on 17 May, 2024, which replaced the 1987 tax treaty between the two countries. As of now, the main measures of this new agreement are as follows: Scope of the taxes The tax treaty includes
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Qatar, UAE sign tax treaty
The Qatar News Agency, in a press release, said that Qatar and the United Arab Emirates signed an income tax treaty on Thursday, 30 May 2024. This treaty is the first between the two Persian Gulf monarchies. The agreement aims to eliminate double
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Oman, Ireland sign tax treaty
Officials from Ireland and Oman signed an income tax treaty on 30 May, 2024, marking the first agreement of its kind between the two nations. The agreement was signed by Nasser Khamis Al Jashmi, Chairman of the Tax Authority, and Gerard
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Qatar, Saudi Arabia sign tax treaty
Qatar and Saudi Arabia signed an income tax treaty on Thursday, 30 May, 2024. The treaty, which is a first of its kind between the two Gulf monarchies, aims to eliminate double taxation, prevention as well as avoidance of tax evasion, promote
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Czech Republic: Parliament passes pending tax treaty with Montenegro
The Czech Republic Senate announced on Wednesday, 29 May, 2024, that it has completed the ratification of the pending income tax treaty with Montenegro. First signed on 20 February, 2024, the income tax treaty will go into force starting 1
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Slovak Republic, Moldova to sign tax treaty amendment
Moldova has issued Decree No. 1457 of 23 May 2024 in the Official Gazette, authorising the signing of a protocol to amend the 2003 tax treaty with the Slovak Republic. This will be the first amendment to the treaty and must be signed and ratified
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Spain: Lower House approves tax treaty with Paraguay
The Spanish Congress of Deputies (the lower house of parliament) passed the law to ratify the pending income tax treaty with Paraguay on Tuesday, 23 May, 2024. Signed on 25 March, 2023, this tax agreement is a first between the two nations. It
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Ivory Coast: Council of Ministers approves tax treaty with Qatar
The Ivory Coast Council of Ministers ratified the income tax treaty with Qatar on 22 May 2024. Signed initially on 7 December, 2022; this agreement is a first between the two nations. The treaty will come into effect after the exchange of
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G7 finance ministers pledge for a fairer global tax system
The G7 Finance Ministers and central bank governors held a meeting from 23–25 May, 2024, at Stresa, Italy, during which they issued a Communiqué reaffirming their commitment to creating a more stable and equitable international tax system. The
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