Netherlands approves amending protocol to income tax treaty with Germany
The Dutch Council of Ministers, on 8 May, 2024, granted approval to amending protocol to the 2012 income tax treaty with Germany. This protocol aims to enhance the tax treatment of individuals working remotely across borders. The treaty will
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Hong Kong and Venezuela conclude initial round of tax treaty talks
According to an update from the Hong Kong Inland Revenue Department, representatives from Hong Kong and Venezuela have concluded the initial rounds of talks for an income tax treaty on 10 May, 2024. This treaty, if finalised, signed, and
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Turkey and Zambia initiate talks on income tax treaty for mutual investment stability
The Revenue Administration of Turkey has stated that delegates from Turkey and Zambia convened for the inaugural round of negotiations for an income tax treaty from 23 - 25 April, 2024. If the entire agreement is signed and comes into force, it will
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Kenya seeks public comments on proposed income tax treaty with Belarus
On 8 April 2024, the National Treasury of Kenya published a public notice seeking comments on a proposed agreement for income tax between Kenya and Belarus from the public. The national treasury of Kenya organised the process on behalf of the
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Bangladesh, Qatar sign income tax treaty
Bangladesh and Qatar concluded their income tax treaty on 23 April 2024. Bangladesh’s income tax, including any applicable surcharge, and Qatar’s income tax and corporate tax are both encompassed under the treaty. Double taxation relief To
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UN: Tax Committee Discusses a New Combined Treaty Article on Services
The 28th session of the UN Committee of Experts on International Cooperation in Tax Matters is being held from 19 to 22 March 2024. The digital economy subcommittee in its workstream B has been considering the function and relevance of physical
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UN: Tax Committee Discusses Extractive Industry Tax and Other Issues
The 28th session of the UN Committee of Experts on International Cooperation in Tax Matters is being held from 19 to 22 March 2024. The meeting is taking place in a global situation of inequality, as countries deal with challenges from increased
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Netherlands: New income tax treaty signed with Bangladesh
On 12 March 2024, the Netherlands State Secretary for Tax Affairs Van Rij and Minister Abdul Hassan Mahmood Ali of Bangladesh signed a new bilateral tax treaty in Dhaka. This income tax treaty aims to avoid double taxation and further Dutch and
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OECD: Report on the Simplified and Streamlined Approach Under Amount B
On 19 February 2024 the OECD/G20 Inclusive Framework released the report on Amount B of Pillar One, following a previous consultation. The report sets out how jurisdictions can choose to apply the simplified and streamlined approach to qualifying
See MoreUN: Guide on Tax Treaties for Investment Policymakers
On 13 February 2024 UNCTAD released a guide with the title Double taxation treaties: What investment policymakers need to know. The guide deals with the aspects of double tax treaties that are important for investment policymakers to understand, and
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Tax Treaty Brief: February 2024
France and Moldova On 25 January 2024, the French lower house of parliament approved the Double Taxation Agreement (DTA) with Moldova. Rwanda and Jordan On 25 January 2024, the Rwandan Cabinet gave its approval to the draft law for
See MoreOECD: Comments Received on Changes to the Commentary to Article 5
On 22 January 2024, the OECD published comments on proposed amendments to the commentary to Article 5 in relation to an alternative provision on activities in connection with the exploration and exploitation of natural resources. The additional
See MoreTax Treaty Brief: January 2024
Germany and Sweden On 31 December 2023, the amending protocol to the Double Taxation Agreement (DTA) between Germany and Sweden entered into force. In general, the provisions of the protocol apply from 1 January 2024. Oman and Russia On
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US announces termination date of tax treaty with Hungary
On 29 December 2023, the U.S. IRS declared in the ‘Announcement 2024-05’ the effective date of the termination of the 1979 tax treaty with Hungary. The Government of the United States provided a diplomatic notification, dated 8 July 2022, to
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Belarus and Equatorial Guinea On 28 November 2023, Mr. Alexander Lukashenko, the President of Belarus signed a decree that grants approval to negotiate and sign of a Double Taxation Agreement (DTA) with Equatorial Guinea. Moldova and
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Chile signs EU Trade Agreement & approves DTA protocol with Brazil
On 13 December 2023, Chile became the first country in the Latin American region to conclude with the European Union EU an Advanced Framework Agreement and an Interim Trade Agreement to strengthen political cooperation and foster trade and
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Cyprus and France sign the DTA to strengthen economic ties
On 11 December 2023, the Convention for the Elimination of Double Taxation with Respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance, and its Protocol between the Republic of Cyprus and the French Republic, was signed in
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Croatia and Cyprus On 27 October 2023, Cyprus ratified the Double Taxation Agreement (DTA) with Croatia. Cambodia, Congo (Dem. Rep.), Senegal, Sri Lanka, and Turkey On 26 October 2023, the Turkish Parliament approved the Double Taxation
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