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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Kenya and US to strengthen business and trade ties
Kenyan President William Ruto announced that Kenya will engage in a new round of trade negotiations with the US on Friday, 24 May 2024, during a visit to the US. These talks aim to promote new business agreements and to strengthen economic ties
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Tax treaty negotiations underway between Turkey and Zimbabwe
The first round of negotiations for an income tax treaty between Turkey and Zimbabwe took place from 14 – 17 May, 2024. The negotiations were chaired by Ahmet Yildirim, Head of Revenue Administration, on behalf of Turkey, and Misheck Govha,
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Belarus and Equatorial Guinea ratifies tax treaty
Belarusian President Alexander Lukashenko signed a law on Tuesday, 21 May, 2024, ratifying the pending income and capital tax treaty with Equatorial Guinea. Signed on 9 December, 2023, this tax treaty is the first of its kind between the two
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Croatia and Egypt tax treaty goes into effect
According to an update from Croatia's Ministry of Foreign and European Affairs, the income and capital tax treaty with Egypt came into force on 16 April, 2024, and will from 1 January, 2025. The treaty covers individual income tax, corporate
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Argentina and South Korea to advance tax treaty talks
Argentina and South Korea officials met to discuss bilateral cooperation, focusing on advancing negotiations for an income tax treaty between the two countries, on 13 May, 2024. Any tax treaty resulting from the negotiations must undergo
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Germany and South Africa sign updated income and capital tax treaty protocol
Germany and South Africa signed a new protocol to amend their 2008 income and capital tax treaty on 6 March, 2024. This protocol, which has yet to come into force, marks the first amendment to the original treaty and introduces several changes to
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Lithuania and San Marino sign tax treaty agreement
Officials from Lithuania and San Marino have finalised an income tax treaty on 17 May, 2024. This agreement, a first between the two nations, will come into force after the exchange of ratification instruments. This agreement will apply to
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Austria releases synthesised text of tax agreement with Mexico
The Austrian Ministry of Finance has released a synthesised text of its tax treaty with Mexico, incorporating provisions from the Multilateral Convention (MLI) to tackle Base Erosion and Profit Shifting (BEPS) practices. This revised agreement
See MoreMalaysia and Russia sign new income tax treaty
Malaysia and Russia signed a new income tax treaty on Friday, 17 May, 2024. This agreement will take effect once the ratification instruments are exchanged, effectively replacing the 1987 tax treaty between Malaysia and the former Soviet
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