Bulgaria’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
See MoreDTA between Portugal and Peru enters into force
It is reported that on April 12, 2014, the double taxation agreement (DTA) concluded between Portugal and Peru entered into
See MoreSpanish Supreme Court confirms the minimum participation withholding rate for application of Spain-Netherlands tax treaty
The Spanish Supreme Court issued a decision on 6 March in relation to application of the double tax agreement between Spain and the Netherlands signed on 16 June 1971. The Court confirmed that the 5% reduced rate for withholding tax under the DTA
See MoreRussia-Malta DTA ratified
On 2 April 2014 Russia ratified the double taxation agreement (DTA) signed with Malta. The tax treaty between Malta and Russia was signed on 24 April 2013 and ratified by Malta on 18 June 2013. This DTA provides for lower withholding tax rates on
See MoreNew treaty between Hungary and US submitted to US Senate for ratification
The US Senate Foreign Relations Committee gave its approval to the new Hungary-United States double tax agreement (DTA) on 1 April 2014. This revised agreement is replace the existing Hungary-United States treaty when it enters into force. The
See MoreGermany and China sign a DTA and Protocol
Germany and China signed a new double tax agreement (DTA) and Protocol on March 28 2014. The agreement generally follows the provisions of the OECD Model but the definition of a permanent establishment includes the provision of services in the other
See MoreTreaty between Saudi Arabia and Luxembourg approved by Saudi Arabia
Saudi Arabia approved the double taxation agreement with Luxembourg on 31 March
See MoreTreaty between Ethiopia and Saudi Arabia approved by Saudi Arabia
Saudi Arabia approved the double tax with Ethiopia on 31 March 2014. The treaty will enter into force when the appropriate ratification procedures have been completed in both
See MoreHong Kong DTAs with Qatar, Canada, Kuwait, Jersey, and Mexico
The double taxation agreements (DTAs) that Hong Kong has signed with Qatar, Canada, Kuwait, Jersey, and Mexico are to take effect in Hong Kong from April 1,
See MoreTreaty between Bahrain and Hungary approved by Bahrain’s cabinet
Bahrain has approved the Income Tax Treaty signed 23 March 2014 with Hungary. The treaty is not yet in force and no further details of the treaty are currently
See MoreSwitzerland signs new DTA with Argentina
Switzerland and Argentina have signed a new double taxation agreement (DTA). When it enters into force this agreement will replace the provisional agreement signed in 1997. The agreement contains provisions relating to the exchange of information
See MoreSwiss Parliament rejects French IHT agreement
The Swiss Council of States has not accepted the text of a revised inheritance tax (IHT) agreement with France and has instead suggested that it should be renegotiated. Switzerland had asked for a renegotiation after France had communicated its
See MoreSaudi Arabia and Hungary sign a DTA
Saudi Arabia and Hungary signed a double taxation agreement (DTA) on 24 March 2014. No further details of the agreement are currently
See MoreRussia: treaty between Russia and Italy clarified by the Ministry of Finance
Letter No. 03-08-РЗ/10213 published by the Russian Finance Ministry explains the position with respect to dividends paid by Russian companies to Italian parent companies. The participation exemption is available if the parent company meets a 365
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