Hong Kong and Mauritius enter into tax pact
On 7 November 2022, 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 MoreUN amends commentary to model tax treaty on taxation of software payments
At the 22nd session of the UN Committee of Experts on International Cooperation in Tax Matters, held virtually between 19 and 28 April 2021, a decision was made to revise the commentary to Article 12 (royalties) of the UN Model Tax Treaty in
See MoreJapan and Georgia enter into tax pact
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
See MoreUN: Tax Committee discusses UN Model Commentary Issues – PE, treatment of software, CIVs
A report by James R. Border, Law Office of James R Border P.A., Fort Lauderdale, Florida On 22 October 2020 the United Nations Committee of Experts on International Tax Matters addressed several items relating to the UN Model Tax Convention.
See MoreSouth Africa: SARS issues draft interpretation notes regarding WHT on interest and royalties
On 18 March 2020, the South African Revenue Service (SARS) issued two draft interpretation notes regarding the withholding tax (WHT) on interest and royalties for public comments until 29 May 2020. The draft interpretation note on withholding
See MoreNorway issues a public consultation paper proposing WHT on interest, royalty payments
On 27 February 2020, the Norwegian Ministry of Finance published a public consultation paper proposing to introduce a withholding tax system for interest and royalty payments to related parties. The proposal aims to levy a 15% withholding tax
See MoreNorway issues public consultation for regarding the introduction of WHT on interest and royalties
On 27 February 2020, the Norwegian Ministry of Finance issued a public consultation paper introducing the withholding tax (WHT) on interest, royalty and certain lease payments to controlled parties. The withholding tax on interest payments
See MoreNorway: Finance Minister presents National Budget 2019
The Minister of Finance, Siv Jensen, presented the draft National Budget 2019 on October 8, 2018 to the Parliament. The presentation of the budget will be followed by a cycle of parliamentary hearings and debates on the budget, which will last until
See MoreBahrain: Cabinet approves tax treaty with Egypt
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
See MoreDTA between Armenia and Germany entered into force
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
See MoreUkraine and UK sign protocol to amend the agreement on double taxation
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
See MoreUkraine: Parliament ratifies the double tax treaty with Malta
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
See MoreHong Kong signed tax treaty with Romania
The Government of the Hong Kong Special Administrative Region signed an agreement on the avoidance of double taxation with Romania on November 18, 2015. Under the agreement, Romania's withholding tax rate on royalties, currently at 16 per cent, will
See MoreFrance-China Income Tax Treaty Enters Into Force
The income tax treaty between France and China became effective from January 1, 2015. The treaty was signed on November 26, 2013 and the necessary ratification procedures have now been completed. Under the treaty, the following withholding taxes
See MoreCzech Republic-Liechtenstein Tax Treaty signed
The Income and Capital Tax Treaty between Czech Republic and Liechtenstein on 25 September 2014 has been signed. In accordance with the agreement, 0% Withholding Tax (WHT) will apply if it is the case of a beneficiary company (other than a
See MoreCzech Republic-Colombia Income Tax Treaty details
The Income Tax Treaty (ITT) between Colombia and Czech Republic has accepted Colombian Congress and it was signed on March 22, 2012. The treaty was concluded in the Czech, English and Spanish languages and needs to be declared constitutional by the
See MoreJapan: Details of the Japan and Oman DTT Agreement available Now
Japan and Oman Income Tax Treaty (2014) has been signed on 9 January 2014 and details of the treaty available now. The treaty generally follows the OECD Model (2010). The maximum rates of withholding tax are: 10% on dividends (5% if the
See MoreGermany-Israel details of ICTT publishes
The Income and Capital Tax Agreement (2014) between Germany and Israel has published in detail. The treaty was accomplished in the German, Hebrew and English languages and it follows the OECD Model. The maximum 10% withholding rates are applied on
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