Tax Treaty Between Cyprus And Spain Enters Into Force
The Income Tax Treaty between Cyprus and Spain entered into force on 28 May 2014 and its provisions will come into effect on 1 January 2015. Under the treaty, the following withholding taxes will apply: Dividends: 0% if the beneficial owner is a
See MoreMexico-UAE: Income Tax Treaty ratified by Mexico
Mexico has ratified the income tax treaty between Mexico and the United Arab Emirates on May 26, 2014 which was signed on November 20, 2012 by way of Presidential
See MoreVenezuela – Palestine: DTA sign
Venezuela and Palestine signed a double taxation agreement (DTA) on May 17, 2014. No further details of the agreement are currently
See MoreUK – Spain DTA to Enter into Force
The UK’s tax authority has confirmed that the double taxation agreement (DTA) signed with Spain in 14 March 2013 will enter into force on June 12, 2014. The agreement will apply to corporation tax in the UK from 1 April 2015; to
See MoreUS: New treaty delayed in Senate due to renewed opposition
Based on privacy concerns Senator is opposing the ratification of some US tax treaties including the Hungary – United States Income Tax Treaty (2010). The Senator is particularly concerned that the US government would be permitted by the treaty
See MoreMalta – 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
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