Spain and Dominican Republic treaty enters into force
The income tax treaty between Dominican Republic and Spain will enter into force from 25 July 2014. The treaty was signed on 16 November 2011, which generally follows the OECD provision and concluded Spanish language. Under treaty, the maximum
See MoreIsrael and US FATCA agreement signed
The Israel - United States Foreign Account Tax Compliance Act (FATCA) Agreement (2014) was signed on June 30, 2014. Further details of the agreement will be reported
See MoreSwitzerland – Uzbekistan: Signed a protocol treaty
On 1 July 2014 Switzerland and Uzbekistan signed a treaty to amend their double taxation
See MoreUruguay-Ratification of TIEA with Australia and Canada
The government of Uruguay has announced that it has ratified the tax exchange information agreements with Australia and Canada. The TIEA between Australia and Uruguay was signed on 10 December 2012. To terminate the agreement either party will have
See MoreCanada: Guidance of FATCA clarifies IGA reporting obligations
The guidance confirms that Canadian entities could be subject to the U.S. Foreign Account Tax Compliance Act (FATCA), which takes effect from July 1, 2014 and will be interested in the CRA’s new guidance on Canada’s intergovernmental agreement
See MoreNew Zealand and United States signs FATCA IGA to share tax information
On 12 June, New Zealand signed an intergovernmental agreement with U.S to improve international tax compliance and to implement the Foreign Account Tax Compliance Act. According to the IGA, New Zealand financial institutions will disclose account
See MoreFATCA agreement between US and Latvia signed
Latvia and the United States signed a Foreign Account Tax Compliance Act (FATCA) Agreement, on June 27, 2014. Under the agreement, Foreign Financial Institutions (FFIs) in Latvia will report the information required under FATCA about U.S. accounts
See MoreEU Signs Historic Trade Pacts with Eastern States
The European Union (EU) and three of Russia’s neighbors signed sweeping trade-and-political agreements that will ultimately eliminate tariff barriers to trade. The deals with Ukraine, Georgia and Moldova which will provide for a deep and
See MoreCanada-Honduras FTA enters into force
The Free Trade Agreement (FTA) between Canada and Honduras has signed on November 5, 2013 and will enter into force on October 1,
See MoreSwitzerland-Hungary: Signed Double Taxation Agreement
Switzerland and Hungary signed a double taxation agreement on 4 June 2014. Switzerland's lower house of parliament has approved the DTA after ratification by both
See MoreRussian Parliament adopts Law to permit FATCA Disclosures
The Russian parliament has allowed a bill to permit financial institutions to observe with the United States’ Foreign Account Tax Compliance Act (FATCA). US Congress has passed FATCA in 2010, which will be effective on July 1, 2014 and it is
See MoreArgentina-UAE: Tax Treaty under negotiations
The Ministry of Finance of the United Arab Emirates has released negotiations for a tax treaty between Argentina and the United Arab Emirates are underway on June 17,
See MoreWithholding tax rates within DTA between Mexico and UAE
The DTA between Mexico and UAE of 2012 have signed on November 20, 2012. The maximum withholding tax rates are 4.9% on interest paid to banks and 10% on interest paid to rest of the cases. The treaty normally follows OECD model and will apply
See MoreFrance: Withdraws IHT Agreement with Switzerland
The government of France has announced to withdraw the 1953 inheritance tax (IHT) agreement with Switzerland effective from 31 December 2014. Accordingly from 1 January 2015 in the absence of a treaty domestic inheritance tax rules will be
See MoreCanada – Uruguay: TIEA ratified by Uruguay
According to the way of Law No. 19.223, Uruguay has ratified the Canada - Uruguay Tax Information Exchange Agreement (TIEA) on June 13,
See MoreKazakhstan – Singapore DTA ratified by Kazakhstan
The upper house of parliament in Kazakhstan has ratified the Double Taxation Agreement (DTA) with Singapore on June 19,
See MoreRussian banks help IRS after new FATCA law passed
The State passes legislation allowing Russian banks to pass information on their U.S. clients to the IRS, as demanded by the Foreign Account Tax Compliance Act (FATCA). FATCA will come into force on July 1, 2014, and by this time the law that
See MoreIsrael-Panama: DTA ratified by Israel
Israel has ratified the Double taxation Agreement between Israel and Panama on May 26,
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