Latvia considering signing tax treaty with Indonesia
Latvia's Ministry of Foreign Affairs issued a release expressing its interest in signing an income tax treaty with Indonesia. Officials from Latvia and Indonesia met on 5 September 2024, during which both parties discussed bilateral
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Russia approves income tax treaties with Abkhazia and Malaysia
The Russian government approved draft laws for the ratification of pending income tax treaties with Abkhazia and Malaysia on 4 September 2024. Previously, Russia and Abkhazia took a step towards economic cooperation by signing an income tax
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Austria approves negotiation of income tax treaty with Libya
The Austrian Council of Ministers has approved the negotiation of an income tax treaty with Libya on 4 September 2024. A tax treaty is a bilateral agreement between two countries designed to address double taxation on both passive and active
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Lithuania, Taiwan sign income tax treaty
On 3 September 2024, Lithuania's Ministry of Economy and Innovation announced the signing of an income tax treaty with Taiwan, which occurred in August. This treaty marks the first formal agreement of its kind between Lithuania and Taiwan, aimed at
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Bermuda and New Zealand activate first tax information exchange agreement
As per recent reports, Bermuda and New Zealand have officially activated their first-ever tax information exchange agreement, which came into effect on 15 December 2017. Initially signed on 16 April 2009, the agreement covers all relevant tax
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Sri Lanka to sign first income tax treaty with Austria
At a press briefing on Cabinet decisions from 2 September 2024, Sri Lanka's Cabinet announced its approval for signing an income tax treaty with Austria. According to the convention, Sri Lanka will be taxed at a rate not exceeding 10% of the
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Argentina, Vietnam negotiating income tax treaty
Argentina and Vietnam have initiated negotiations for an income tax treaty, according to various reports. The aim of establishing a double tax treaty is to eliminate double taxation and avoid tax evasion between the two countries. Both nations
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New Zealand, Austria tax treaty protocol now in effect
The amending protocol to the 2006 income and capital tax treaty between Austria and New Zealand was enacted on 29 August 2024. Signed on 12 September 2023, this protocol represents the first amendment to the treaty. The main changes are as
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Albania updates double taxation treaty rules
Albania's Ministry of Finance has announced Instruction No. 11 of 23 July 2024, published in the Official Gazette No. 133/2024. The new instructions came into force on 2 August 2024. The guidance introduces revised compliance procedures for
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India, Panama interested to conclude tax treaty
The General Directorate of Revenue of Panama's Ministry of Economy and Finance announced that India and Panama have shown interest in establishing a tax treaty, following a meeting between officials from both nations held at Panama on 28 August
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Ghana negotiates tax treaties with Hungary, Israel, UAE, Korea, Egypt
Ghana announced that it is negotiating to establish income tax treaties with Hungary, Israel, UAE, Korea, and Egypt. Daniel Nuer, Head of the Tax Policy Unit at Ghana's Ministry of Finance, revealed that the Ministry plans to implement
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Turkey, Zimbabwe conclude second round tax treaty negotiations
Turkey and Zimbabwe concluded a second round of negotiations for a Double Taxation Avoidance Agreement at Ankara from 19 to 22 August 2024. The announcement was made by Turkey's Revenue Administration on 22 August 2024. The negotiations were
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Denmark, Greenland sign amending protocol to tax treaty
Denmark and Greenland have signed an amending protocol to update the Denmark-Greenland Income Tax and Mutual Assistance Treaty (1979) on 19 August 2024. The announcement was made by the Danish Ministry of Taxation on 20 August 2024 The new
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Greece, Moldova to negotiate tax treaty amendment
Moldova has authorised the negotiation of an amending protocol to the 2004 income and property tax treaty with Greece on Thursday, 22 August 2024. The authorisation – Decree No. 1591-IX of 16 August 2024 – was published in the Official
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Thailand to negotiate tax treaty with Kazakhstan
Officials from Thailand and Kazakhstan met to discuss bilateral cooperation, including the interest of Thailand's Revenue Department in reviving discussions for the negotiation of an income tax treaty, on 15 August 2024. According to the
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Curacao, Malta tax treaty enters into force in September ’24
The income tax treaty between Curacao and Malta will enter into force on Sunday, 1 September 2024. The treaty will apply from 1 January 2025. Malta utilises the credit method to eliminate double taxation. Curacao can employ either the
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Czech Republic approves tax treaty with Tanzania
The Czech government has authorised the signing of an income tax treaty with Tanzania on 21 August 2024. This income tax treaty aims to eliminate double taxation concerning taxes on income or concerning taxes on income and capital in force
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Slovak Republic approves tax treaty amendment with Moldova
The Slovak Republic government approved signing an amendment to the 2003 tax treaty with Moldova on 21 August 2024. The tax treaty between the Slovak Republic and Moldova was intended to prevent double taxation and tax evasion in the field of
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