Algeria – Negotiation of DTA with the United Kingdom
Negotiations have begun between Algeria and the United Kingdom towards a double taxation agreement (DTA), it was confirmed on March 2, 2014. No further details of the negotiations are currently
See MoreUnited Kingdom – India DTA protocol
As notified by the Indian Ministry of Finance on February 10, 2014, the Protocol amending the India-UK double taxation agreement (DTA) entered into force in the UK and India on December 27, 2013. The DTA Protocol is immediately effective in India,
See MoreTreaty between Philippines and Nigeria
The 1997 double taxation treaty between the Philippines and Nigeria entered into force on 18 August 2013 and applies as from 1 January 2014. A 12.5% maximum withholding tax applies to dividends paid to a company (other than a partnership) that holds
See MoreTreaty between Philippines and Kuwait
The 2009 double taxation treaty between the Philippines and Kuwait entered into force on 22 April 2013 and applies as from 1 January 2014. A 10% maximum withholding tax applies to dividends paid to a company (other than a partnership) that holds
See MoreSwitzerland Considers New Cross-Border Tax Deal with Italy
Swiss Finance Minister has pledged to re-negotiate the bilateral cross-border tax agreements with Italy, to ensure that the provisions are more favorable to the Swiss canton of Ticino in future. The agreement is important because of the number of
See MoreNew Zealand: Convention on tax assistance enters into force
From 1st March 2014, the multilateral Convention on Mutual Administrative Assistance in Tax Matters will become effective for New Zealand. The Convention, which New Zealand ratified in November, will greatly enhance the country’s ability to combat
See MoreMexico-Peru DTA
The 2011 double taxation agreement (DTA) concluded by Mexico and Peru entered into force on 19 February 2014 and will apply as from 1 January 2015. When in effect, the treaty will provide for a 10% withholding tax on dividends paid to a company
See MoreLuxembourg to apply automatic information exchange in 2015
The Luxembourg Government has adopted a bill implementing its April 10, 2013, decision to apply compulsory automatic information exchange to savings income covered under the current European Union (EU) Savings Tax Directive from 1 January
See MoreItalian Government Introduces Withholding Tax on Inbound Wire Transfers
Italy has recently introduced legislation instructing banks to withhold 20% on certain inbound wire transfers. The inbound wire transfers affected by this measure include income earned from foreign investments, financial gains, interest, dividends
See MoreHungary and Bahrain sign a DTA
On 24 February 2014, Hungary and Bahrain signed a Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income. A number of agreements pertaining to the economic and technical co-operation
See MoreEU: Mercosur-EU FTA Close To Completion
The Latin American economic bloc Mercosur is close to concluding a free trade agreement with the European Union (EU). Mercosur, which consists of Argentina, Brazil, Paraguay, Uruguay, and Venezuela, has been negotiating the deal with the EU for
See MoreDTA signed between Cyprus and Norway
The Government of Cyprus confirmed the signing of a double taxation agreement (DTA) with Norway on February 24,
See MoreDTA between India and Malta enters into force
The new Income Tax Treaty and protocol between India and Malta entered into force on 7 February 2014 and will apply in India as from 1 April 2014 and as from 1 January 2015 in Malta. The new treaty was signed on 8 April 2013 and replaces the old
See MoreCosta Rica completes ratification of the TIEAs with Nordic countries
Through a publication in the Official Gazette, bilateral Tax Information Exchange Agreements (TIEAs) with Denmark, Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden entered into force for Costa Rica, on 29 January 2014. These TIEAs were
See MoreCanada Highlights Trade and Investment Opportunities with Southeastern Europe
Canada’s Parliamentary Secretary to the Minister of International Trade has highlighted Canada’s growing trade relationship with Southeastern Europe during remarks he delivered at the NATO Council of Canada Conference on Investment and Business
See MoreCyprus and Norway: DTA signed
Cyprus and Norway have signed a Double Taxation Agreement on 24 February 2014, which will replace the current income tax treaty signed in 1951 by the UK and Norway. No further details of the agreement are currently
See MoreMorocco & India: Amending protocol of DTA approved
The Moroccan Council of Government approved the amending protocol to the India and Morocco Double Taxation Agreement (DTA) on 20 February 2014 and it was signed on 8 August 2013, . The protocol applies mainly to the exchange of tax information
See MoreDTA between UK and Albania entered into force
The Double Taxation Agreement (DTA) between UK and Albania has entered into force on December 30, 2013. The agreement follows the OECD Model Convention. It sets out reduced withholding tax rates as follows: 5 percent on dividends for companies
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