Mexico-Peru DTA
The 2011 double taxation agreement (DTA) concluded by Mexico and Peru entered into force on 19 February 2014 and will apply as from 1 January 2015. When in effect, the treaty will provide for a 10% withholding tax on dividends paid to a company
See MoreItalian Government Introduces Withholding Tax on Inbound Wire Transfers
Italy has recently introduced legislation instructing banks to withhold 20% on certain inbound wire transfers. The inbound wire transfers affected by this measure include income earned from foreign investments, financial gains, interest, dividends
See MoreHungary and Bahrain sign a DTA
On 24 February 2014, Hungary and Bahrain signed a Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income. A number of agreements pertaining to the economic and technical co-operation
See MoreDTA signed between Cyprus and Norway
The Government of Cyprus confirmed the signing of a double taxation agreement (DTA) with Norway on February 24,
See MoreDTA between India and Malta enters into force
The new Income Tax Treaty and protocol between India and Malta entered into force on 7 February 2014 and will apply in India as from 1 April 2014 and as from 1 January 2015 in Malta. The new treaty was signed on 8 April 2013 and replaces the old
See MoreCyprus and Norway: DTA signed
Cyprus and Norway have signed a Double Taxation Agreement on 24 February 2014, which will replace the current income tax treaty signed in 1951 by the UK and Norway. No further details of the agreement are currently
See MoreDTA between UK and Albania entered into force
The Double Taxation Agreement (DTA) between UK and Albania has entered into force on December 30, 2013. The agreement follows the OECD Model Convention. It sets out reduced withholding tax rates as follows: 5 percent on dividends for companies
See MoreSaudi Arabian Cabinet authorizes DTA with Sweden and Egypt
On 10 February 2014, the Saudi Arabia Finance Minister was authorized to sign draft double taxation agreements with Egypt and
See MoreRussia and China draft a new DTA
On February 5, 2014, Russia completed the drafting of a new double taxation agreement (DTA) with China to replace their 1994 treaty. The new treaty when finalized is likely to update the provisions to take into account changes in the tax
See MoreOman and Spain sign DTA
The double taxation agreement (DTA) signed between Oman and Spain was submitted to the Economic and Financial Committee of Oman's lower house of parliament on February 11,
See MoreIsrael and Azerbaijan to sign a Double Tax Avoidance Agreement
Azerbaijan and Israel are going to sign a Double Tax Agreement for the avoidance of double taxation. Azerbaijan's State Customs Committee has reported that trade turnover between Azerbaijan and Israel in 2013 reached $1.28 billion. Azerbaijan
See MoreIndia and Croatia Sign bilateral DTA
India and Croatia signed a Double Tax Agreement on 12 February 2014. This move is seen as an important step in the strengthening of the two countries’ economic cooperation. No further details of the agreement are currently
See MoreGreece ratifies DTA with UAE
On February 4, 2014, Greece completed its domestic ratification procedures, in respect of the double taxation agreement (DTA) signed with the United Arab Emirates, publishing a notice in its Official
See MoreGermany and Costa Rica signed a DTA
Costa Rica has signed an agreement for the avoidance of double taxation with Germany. The agreement aims to eliminate situations of conflicting double taxation between the two jurisdictions to provide greater legal certainty for investors in making
See MoreDTA between Turkey and Gambia signed
On 11 February 2014, Turkey and Gambia signed a convention for the avoidance of double taxation with respect to taxes on income. No further details of the agreement are currently
See MoreDTA between New Zealand and Papua New Guinea entered into force
The new double tax agreement between New Zealand and Papua New Guinea entered into force on 21 January 2014. The agreement was originally signed on 29 October 2012. Under the terms of the agreement the maximum withholding tax on dividends is 15%,
See MoreUK announces termination of DTA with Tajikistan
The United Kingdom has announced that it will terminate its double tax arrangements with Tajikistan for profits arising on or after April 1, 2014, in the case of corporation tax; and for income and gains arising on or after April 6, 2014, in the
See MoreDTA between China and France
An income tax treaty, and Protocol, between China and France was signed in late November 2013. The treaty and related Protocol-once ratified and in force-would replace the existing treaty and Protocol originally signed in 1984. If the ratification
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