Botswana, Estonia sign income tax treaty
Officials ofย Botswana and Estonia have signed an income tax treatyย on 25 September 2024. Earlier, Estoniaโs government approved signing a draft income tax treaty with Botswana on 4 July, 2024. The tax treaty seeks to eliminate double
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Australia, Slovenia sign tax treaty
The Australian government announced on 9 September 2024 that it signed a new tax treaty with Slovenia. The tax treaty treaty is the first between the two countries and marks a significant milestone in the bilateral relationship. Once in force,
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Lithuania, Taiwan sign income tax treaty
On 3 September 2024, Lithuania's Ministry of Economy and Innovation announced the signing of an income tax treaty with Taiwan, which occurred in August. This treaty marks the first formal agreement of its kind between Lithuania and Taiwan, aimed at
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UK, Ecuador sign first income tax treaty
The United Kingdom and Ecuador signed their first ever income tax treaty on 6 August 2024. The agreement must now be ratified by both countries before it can enter into force. A tax treaty is a bilateral agreement between two countries to resolve
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Saudi Arabia, Kuwait to sign first income tax treaty
The Saudi Council of Ministers authorised the signing of an income tax treaty with Kuwait on 23 July 2024. This will be the first tax treaty between the two Gulf nations once finalised, signed and ratified. The treaty aims to eliminate double
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Russia, Vietnam sign tax treaty on technical cooperation in tax policy and tax administration
The General Department of Taxation of Vietnam and the Federal Taxation Service of the Russian Federation signed a Memorandum of Understanding (MoU) on technical cooperation in tax policy and tax administration on 20 June, 2024. The tax
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Bulgaria signs AEOI agreement with USA
The Bulgarian Ministry of Finance announced, on 30 May 2024, the signing of an agreement with the United States for the automatic exchange of information (AEOI). Lyudmila Petkova, Deputy Prime Minister and Minister of Finance, Bulgaria, alongside
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Turkey ratifies treaty with Korea (Rep.)
Turkish President Recep Tayyip Erdoฤan signed the decision to ratify a new income tax treaty with South Korea on 31 May, 2024. The treaty was made to prevent double taxation in taxes on income and to prevent tax evasion and tax
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Oman, Ireland sign tax treaty
Officials from Ireland and Oman signed an income tax treaty on 30 May, 2024, marking the first agreement of its kind between the two nations. The agreement was signed by Nasser Khamis Al Jashmi, Chairman of the Tax Authority, and Gerard
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Lithuania and San Marino sign tax treaty agreement
Officials from Lithuania and San Marino have finalised an income tax treaty on 17 May, 2024. This agreement, a first between the two nations, will come into force after the exchange of ratification instruments. This agreement will apply to
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Bangladesh, Qatar sign income tax treaty
Bangladesh and Qatar concluded their income tax treaty on 23 April 2024. Bangladeshโs income tax, including any applicable surcharge, and Qatarโs income tax and corporate tax are both encompassed under the treaty. Double taxation relief To
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Hong Kong and Bangladesh enter into tax pact
On 30 August 2023, the Secretary for Financial Services and the Treasury, Mr Christopher Hui, on behalf of the Hong Kong Special Administrative Region Government signed a comprehensive avoidance of double taxation agreement (CDTA) with Bangladesh.
See MoreJapan and Georgia enter into tax pact
On 29 January 2021, โConvention between Japan and Georgia for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidanceโ (hereinafter referred to as the New Convention) was signed in
See MoreHong Kong and Georgia enter into tax pact
On 5 October 2020, the Secretary for Financial Services and the Treasury, Mr Christopher Hui, on behalf of the Hong Kong Special Administrative Region Government, signed a comprehensive avoidance of double taxation agreement (CDTA) with
See MoreHong Kong and Serbia enter into tax pact
On 28 August, the Secretary for Financial Services and the Treasury, Mr Christopher Hui, on behalf of the Hong Kong Special Administrative Region Government, signed a comprehensive avoidance of double taxation agreement (CDTA) with Serbia. The
See MoreDTA between Bangladesh and Czech Republic signs
On 11 December 2019, the Double Taxation Agreement (DTA) between Bangladesh and Czech Republic was signed in Prague. The DTA contains Dividends rate 10% for at least 25% capital holding; otherwise 15%, Interest rate 10%, and Royalties rate
See MoreCyprus and Egypt sign new income tax treaty
On 8 October 2019, Cyprus and Egypt signed an updated Agreement for the Elimination of Double Taxation with Respect to Taxes on Income and the Prevention of Fiscal Evasion and Avoidance, incorporating the OECD model convention. The new text will
See MoreHong Kong and Estonia sign new tax treaty
On 25 September 2019, the Secretary for Financial Services and the Treasury of Hong Kong and the Minister of Finance of Estonia signed a comprehensive avoidance of double taxation agreement (CDTA) in Tallinn, Estonia. The agreement sets out the
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