South Africa: SARS publishes the comprehensive guide to dividends tax

May 18, 2022

On 12 May 2022, the South African Revenue Service (SARS) published the 5th issue of the Comprehensive Guide to Dividends Tax. The purpose of this guide is to assist users in gaining a more in-depth understanding of dividends tax. The foundation

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Argentina: AFIP publishes a Resolution on dividend WHT rate

September 10, 2021

On 26 August 2021, the Federal Public Revenue Administration (AFIP) published General Resolution 5060/2021 to update previous General Resolution 4478/2019. The new Resolution is about the application of the dividend withholding tax and the

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Turkey extends temporarily reduced withholding rates

August 05, 2021

On 30 July 2021, Turkey's Revenue Administration has published Presidential Decision No. 4311 in the Official Gazette extending the temporarily reduced withholding rates for deposit interests and dividends paid in return for participation accounts,

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Colombia: Government submits Tax Reform Bill to Congress

April 18, 2021

On 15 April 2021, the Colombian government has submitted new Tax Reform Bill (Sustainable Solidarity Act) to Congress. The Bill modifies corporate income tax (CIT), value-added tax (VAT) and personal income tax. The main tax measures of the Tax

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Japan and Georgia enter into tax pact

February 07, 2021

On 29 January 2021, “Convention between Japan and Georgia for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance” (hereinafter referred to as the New Convention) was signed in

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New judgement of the Russian court on beneficial ownership

December 22, 2020

Roustam VakhitovInternational Tax PartnerCrowe Expertiza+3 164 082 6427roustam.vakhitov@crowerus.ru On 14 December 2020 the Moscow State Arbitration Court released its judgement on case involving Dutch and Russian companies of Kinross group,

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Croatia: Government publishes Tax Reform Law 2021

December 21, 2020

On 11 December 2020, the Government published Tax Reform Law for the year 2021, which includes Law on Amendments to the Income Tax Law, the Law on Amendments to the Corporate Tax Law, and the Law on Amendments to the Value Added Tax Law. The Tax

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Croatia: Government presents four tax reform Bills to Parliament

November 13, 2020

On 12 November 2020, the Croatian Parliament announced that the Government sent four tax reform Bills, which provide changes in corporate income tax, personal income tax, and value added tax (VAT). Some of the changes including the Bills are given

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Denmark: Tax Minister announces to exempt nonresident charitable organizations from WHT

September 25, 2020

On 14 September 2020, the Tax Minister announced that Government has a plan to release a Bill in December 2020 regarding the exemption of on non-resident charitable organizations from Danish withholding tax (WHT) on portfolio dividends. At present,

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Egypt: Tax measures in response to COVID-19 pandemic

April 30, 2020

Recently, the Egyptian Government has announced several tax measures to mitigate the financial effect in response to the COVID-19 pandemic. The main tax measures are as following: Capital Gains: the extension of the suspension from the taxation

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Ecuador: Internal Revenue publishes rules on dividend withholding tax

March 18, 2020

On 20 February 2020, the Internal Revenue Service published a Resolution NAC-DGERCGC20-00000013 of 20 February 2020 regarding rules of how to distribute the dividend withholding tax (WHT) by a resident company or a permanent establishment in

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India: Finance Minister presents Union Budget for 2020-2021

February 04, 2020

On 1st February 2020, Indian Finance Minister Nirmala Sitharaman presented the Union Budget 2020-21 in the Lok Sabha. The budget includes the following key tax proposals: Abolishment of dividend distribution tax The budget proposes

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Ireland: Revenue publishes eBrief No. 203/19 on dividend withholding tax

December 08, 2019

On 5 December 2019, Revenue published eBrief No.  203/19 regarding the public consultation reminder of Dividend Withholding Tax (DWT). On 8 October 2019, the Finance Minister, announced a new process for applying and collecting Dividend

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Chile: IRS clarifies Taxation of Dividends and Interest

January 30, 2019

Recently, the Internal Revenue Service (IRS) issued two separate Rulings 59 and 2546 to clarify the taxation of dividends and interest by resident and nonresident taxpayer. The two rulings separately discussed in below: Taxation of dividends Ruling

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Bahrain: Cabinet approves tax treaty with Egypt

January 30, 2018

The Bahrain Cabinet has approved the law for the ratification of the new income tax treaty on 22th January 2018, with Egypt for the avoidance of double taxation. The treaty was signed 26 April 2016, will enter into force after the ratification

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DTA between Armenia and Germany entered into force

January 29, 2018

On 23 November 2017, the income and capital tax treaty between Armenia and German entered into force after the completion of ratification procedures on both sides. The agreement was signed on 29 June 2016. The treaty provides for withholding tax on

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Ukraine and UK sign protocol to amend the agreement on double taxation

October 10, 2017

On 9 October 2017, Minister of Finance Ukraine Oleksandr Danyliuk and State Secretary of Great Britain for Europe and America Alan Duncan signed the Protocol on amendments to the Agreement on the Avoidance of Double Taxation between Ukraine and the

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Ukraine: Parliament ratifies the double tax treaty with Malta

April 24, 2017

The Parliament of Ukraine on 13 April 2017 ratified the income and capital tax treaty with Malta. The Convention and the protocol to it were signed by the Government of Ukraine and the Government of Malta in September 2013. Under the provisions of

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