Russia: Relief from tax liability and non-payment of withholding tax due on dividends
The Federal Law No. 167-FZ that amended tax code has entered into force with effect from June 24, 2014. On the basis of Federal law, companies that failed to complete their withholding tax obligations subject to dividends paid to Russian companies
See MoreTreaty between Vietnam and Panama initialed
Panama and Vietnam initialed a tax treaty after the successful conclusion of the second round of negotiations on 26 June 2014. Details of the news will be informed
See MoreSpain and Dominican Republic treaty enters into force
The income tax treaty between Dominican Republic and Spain will enter into force from 25 July 2014. The treaty was signed on 16 November 2011, which generally follows the OECD provision and concluded Spanish language. Under treaty, the maximum
See MoreIsrael and US FATCA agreement signed
The Israel - United States Foreign Account Tax Compliance Act (FATCA) Agreement (2014) was signed on June 30, 2014. Further details of the agreement will be reported
See MoreSwitzerland-Hungary: Signed Double Taxation Agreement
Switzerland and Hungary signed a double taxation agreement on 4 June 2014. Switzerland's lower house of parliament has approved the DTA after ratification by both
See MoreArgentina-UAE: Tax Treaty under negotiations
The Ministry of Finance of the United Arab Emirates has released negotiations for a tax treaty between Argentina and the United Arab Emirates are underway on June 17,
See MoreWithholding tax rates within DTA between Mexico and UAE
The DTA between Mexico and UAE of 2012 have signed on November 20, 2012. The maximum withholding tax rates are 4.9% on interest paid to banks and 10% on interest paid to rest of the cases. The treaty normally follows OECD model and will apply
See MoreKazakhstan – Singapore DTA ratified by Kazakhstan
The upper house of parliament in Kazakhstan has ratified the Double Taxation Agreement (DTA) with Singapore on June 19,
See MoreIsrael-Panama: DTA ratified by Israel
Israel has ratified the Double taxation Agreement between Israel and Panama on May 26,
See MoreUAE – Montenegro: DTA enters into force
Income and Capital Tax Treaty between The United Arab Emirates and Montenegro have entered into force on December 10, 2013 and generally apply from 1 January
See MoreCzech Republic ratified the DTA with Luxembourg
The Czech Republic has ratified the Income and Capital Tax Treaty between Czech Republic and Luxembourg on June 5, 2014. Once in force and effective, this new treaty will generally replace the prior Czechoslovakia - Luxembourg Income and Capital
See MoreSwitzerland–Australia: approved double taxation agreements
The lower house of parliament approved the nation’s double taxation agreement on 4 June 2014. The DTA will enter in to force after both countries have completed their respective domestic requirements and ratification by both
See MoreIndia: Refurbish Tax Treaty with Cyprus
India is seeking an amendment to its 1994 double tax agreement with Cyprus before the territory can be out as a notified jurisdictional area. From November 2013, the Indian Government raised powers under Section 94A of the Indian Income Tax Act
See MoreA double tax treaty between Portugal and Senegal signed
A double tax treaty between Portugal and Senegal signed in Lisbon, on 13 June 2014, for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on
See MoreUAE – Lithuania: DTA approved
The Cabinet of United Arab Emirates has approved the Double Taxation Agreement (DTA) with Lithuania on June 9,
See MoreQatar and Kyrgyzstan sign intergovernmental agreement on double taxation avoidance
The governments of Qatar and Kyrgyzstan signed an intergovernmental agreement on the double taxation avoidance and prevention of Fiscal Evasion with respect to income tax on first of June, 2014. The agreement aims to avoid the tax double payment in
See MoreLithuania-UAE: DTA approved by UAE
The United Arab Emirates' cabinet has allowed the Lithuania - United Arab Emirates Income Tax Treaty on June 9,
See MoreCyprus and UAE Tax treaty entered into force
The income tax treaty between Cyprus and UAE became effective as of 1 January 2014. The treaty was signed on April 02, 2013. Under the treaty, there is no withholding tax on interest, royalties and dividends. Capital gains from the disposal of
See More