Malta – Russia DTA
On May 22 2014 the double taxation agreement (DTA) between Malta and Russia is to enter into force. Under the agreement, withholding tax on dividends paid from Russia is restricted to 5% where the recipient company has a 25% shareholding in the
See MoreMalta – Moldova ratified the DTA
Malta has ratified the double taxation agreement (DTA) signed with Moldova. Under the terms of the agreement, withholding tax on dividends paid from Moldova is restricted to 5%, and withholding tax on interest and royalties between the two countries
See MoreDTA between New Zealand and Vietnam enters into force
A new double tax agreement (DTA) has been signed by New Zealand and Vietnam. The agreement which came into force on May 7, 2014 is part of a plan to increase the trade between the two countries. The agreement is designed to encourage cross-border
See MoreOman – Spain DTA
Oman and Spain signed a double taxation agreement (DTA) on April 30, 2014. No further details of this agreement are currently
See MoreNetherlands Agrees to Amend the Russian DTA
The Netherlands are to begin negotiations with Russia to amend the double taxation agreement (DTA) concluded in 1996, with a first round of negotiations expected to be held in June 2014. Russia has asked for a revision to the agreement to bring it
See MoreSingaporean DTA with Barbados in Force
The double taxation agreement (DTA) concluded between Singapore and Barbados came into force on April 25, 2014. The agreement which was originally signed in July 2013 provides for a nil withholding tax rate on dividends, a 12 percent withholding
See MoreTreaty between Argentina and Mexico under negotiations
An initial round of negotiations for a double tax treaty between Argentina and Mexico is to take place from 21 to 25 April
See MoreSlovenia – Iran DTA ratified
It is reported that Slovenia on 6 March 2014 ratified the double taxation agreement (DTA) with Iran. The DTA which was originally signed on 20 September 2011 will enter into force when both countries have completed the necessary ratification
See MoreMalta and Moldova Sign DTA
Malta and Moldova signed a double taxation agreement (DTA) on 10 April 2014. This is the first DTA signed between these two countries, in an effort to increase trade between them and boost investment on both sides. Malta joined the EU in 2004 and
See MoreItaly: Cabinet Approves Tax Cuts
The Italian government has approved tax cuts that are aimed at lifting some of the tax burden from individuals and at encouraging businesses. The reductions are therefore intended to reduce the high tax burden and to lead to a further improvement in
See MoreCzech Republic – Tax change for investment funds and individuals
It is reported that the Czech Minister of Finance has abandoned plans to unify by 2015 the tax collection in respect of individual income tax and public insurance contributions. Some tax measures are however to be introduced to rationalize the tax
See MoreTreaty between Iraq and Philippines authorization for signature by Iraq
On 22 April 2014, Iraq authorized the Minister of Finance to commence negotiations for the conclusion of a double tax treaty with the
See MoreSaudi Arabia Authorizes Signature of Tax Treaties with Kosovo and Venezuela
On March 24, 2014, Saudi Arabia gave permission to the Finance Ministry to go ahead with the signature of draft income tax treaties with Kosovo and Venezuela. No further details of these treaties are currently
See MoreBulgaria’s Cabinet approves the signing of a new DTA with Romania
Bulgaria’s Cabinet has agreed to a proposal to amend the double taxation agreement (DTA) with Romania, to apply in place of the current DTA that was signed in 1994. The Cabinet has authorized the Finance Minister to negotiate the new DTA. This
See MoreSwitzerland – Pakistan DTA Negotiation
According to some media reports, Pakistan is looking to revise the double taxation agreement (DTA) with Switzerland. The current double tax agreement between the two countries was signed on 19 July 2005 and entered into force in 2008. No further
See MoreUK – Spain DTA to Enter into Force
HM Revenue and Customs (HMRC) has announced that the new convention for the avoidance of double taxation (DTA) signed between the United Kingdom and Spain will enter into force on June 12, 2014. The agreement provides for a 10 percent maximum
See MorePoland – Belgium DTA
Poland and Belgium concluded a double taxation agreement (DTA) on April 14, 2014. No further details of the agreement are currently
See MoreNew Zealand’s Compliance Activities Paying Dividends
In New Zealand the Revenue Minister has said that every dollar spent in efforts to combat tax evasion in the ‘hidden economy’ raised NZD5.60 last year. At the OECD conference on “Cash and Hidden Economy” the Prime Minister informed the
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