Belgium, Liechtenstein conclude tax treaty negotiations
Belgium and Liechtenstein officials have concluded negotiations for a possible income and capital tax treaty on 27 November 2024. If a treaty results from the negotiations, it will be the first between the two countries. Any resulting
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Australia: Treasury consults tax treaty with Portugal
Australia’s Department of the Treasury, in a release, announced a public consultation regarding the draft legislation introducing a tax treaty with Portugal on 3 December 2024. The proposed legislation aims to eliminate double taxation and
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Kyrgyzstan approves amending protocol to 2012 tax treaty with Korea(Rep.)
Kyrgyzstan's Cabinet of Ministers has authorised the Minister of Economy and Commerce to sign an amendment protocol to the 2012 income and capital tax treaty with Korea (Rep.) on 19 November 2024. This protocol represents the first amendment to
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San Marino: Parliament approves tax treaty with Lithuania
San Marino's parliament ratified the income and capital tax treaty with Lithuania on 25 November 2024. Earlier, Officials from Lithuania and San Marino had finalised an income tax treaty on 17 May, 2024. This agreement, a first between the two
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Russia, Abkhazia income tax treaty enters into force
The tax treaty between Abkhazia and Russia enters into force on 28 November 2024. This agreement will become effective for withholding and other taxes starting from 1 January 2025. It establishes a 10% withholding tax rate on dividends and
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Brazil: Chamber of Deputies approve tax treaty with Norway, amending protocol with Sweden
The Brazilian Chamber of Deputies approved an amending protocol with Sweden on 26 November and a tax treaty with Norway on 27 November. Signed on 4 November 2022, the agreement with Norway aims at avoiding double taxation of income and
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Moldova: Parliament approves tax treaty protocol with Slovak Republic
Moldova’s parliament has passed a draft law for ratification of the amending protocol to the 2003 income and capital tax treaty with Moldova on 28 November 2024. The tax treaty between the Slovak Republic and Moldova shall prevent double
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Vietnam, Armenia confirm intent to sign tax treaty
The government of Vietnam announced – on 19 November 2024, during a meeting between officials from Armenia and Vietnam at Hanoi – that both countries confirmed their intention to sign a tax treaty. At the National Assembly House, right after
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Finland: Ministry of Finance gazettes MLI application of Azerbaijan-Finland tax treaty
The Finnish Ministry of Finance published Statement No. 107/2024 in the official gazette concerning the application of the MLI to the Income and Capital Tax Treaty between Azerbaijan and Finland (2005) on 22 November 2024. The agreement between
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Moldova ratifies amending protocol to tax treaty with Luxembourg
Moldova issued Decree No. 1653 on 20 November 2024, which was published in the Official Gazette on 26 November 2024, enacting the law to ratify the amending protocol to the 2007 income and capital tax treaty with Luxembourg. Earlier, the protocol
See MoreLuxembourg: Chamber of Deputies approve income and capital tax treaty with Montenegro
Luxembourg's Chamber of Deputies approved the draft law to ratify the income and capital tax treaty with Montenegro on 21 November 2024. Earlier, Luxembourg’s Council of State approved the draft law for the ratification of the income and
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Philippines plans to revise tax treaties with Indonesia, Malaysia, Singapore
The Philippines government is reportedly planning to enter into negotiations to revise the 1981 tax treaty with Indonesia, the 1982 tax treaty with Malaysia, and the 1977 tax treaty with Singapore. The agreement between the Philippines and
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Austria, China amending protocol to tax treaty enters into force
The amendment to the 1991 tax treaty between Austria and China came into force on 19 November 2024. The protocol, signed on 14 September 2023, introduces several updates to modernise the agreement and align it with global tax standards. The
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Kuwait, South Africa income tax treaty protocol enters into force
The amending protocol to the Kuwait-South Africa Income Tax Treaty came into force on 2 October 2024. This protocol has been applied retroactively, with its provisions taking effect from 1 April 2012. The amending protocol was signed on 1 April
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Hong Kong, Rwanda conclude first round of income tax treaty negotiations
An update from the Hong Kong Inland Revenue Department reports that Hong Kong and Rwanda officials concluded the initial round of negotiations for an income tax treaty on 22 November 2024. The resulting treaty would be the first of its kind
See MoreLuxembourg: Chamber of Deputies approves income and capital tax treaty with Albania
Luxembourg's Chamber of Deputies has given its approval for the ratification of the income and capital tax treaty with Albania on 21 November 2024. Earlier, Luxembourg’s Council of State approved a draft law to ratify the income and capital tax
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Lithuania ratifies tax treaty with Andorra
Lithuania published Law No. XIV-3099 of 11 May 2023 in the Official Gazette on 20 November 2024 which pertains to the ratification of the income and capital tax treaty with Andorra. Earlier, Lithuania’s parliament (Seimas) approved the
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Liechtenstein seeks to establish income tax treaty with Slovak Republic
The Liechtenstein government has announced, on 20 November 2024, that officials from Liechtenstein and Slovak Republic convened to discuss economic relations, which included Liechtenstein's interest in establishing an income tax
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