US signs an IGA with Canada to implement the FATCA
The United States signed an intergovernmental agreement (IGA) with Canada on 5 February 2014 to implement the Foreign Account Tax Compliance Act (FATCA). In 2010, the U.S. passed the Foreign Account Tax Compliance Act, to target non-compliance
See MoreUpdate of DTA between Belgium and China
On 27 January 2014, Belgium’s finance ministry announced changes to the effective dates of the Double Tax Agreement (DTA) with China. The finance ministry had previously announced that the agreement would come into effect on Jan. 4, 2014 and
See MoreProtocol between the United Kingdom and the Netherlands is in force
The DTA Protocol signed between the United Kingdom and the Netherlands entered into force on January 31, 2014. The provisions of the Protocol have effect: in the United Kingdom: in respect of income tax and capital gains tax, for any year of
See MoreUK and Zambia sign a DTA
On 4 February 2014 the United Kingdom (UK) and Zambia signed a Double Taxation Agreement. The Agreement will replace the existing Double Taxation Agreement between the UK and Zambia which was signed in 1972. The new agreement generally follows the
See MoreJersey ratifies TIEA with Slovenia
Jersey ratified the tax information exchange agreement (TIEA) with Slovenia on February 4, 2014. The law to ratify the TIEA signed between Jersey and Slovenia was tabled before Jersey's parliament for its approval on December 23, 2013. Jersey and
See MoreSlovenia initials US FATCA Agreement
On January 28 2014 Slovenia's Ministry of Finance announced that Slovenia and the United States have initialed the text of a bilateral inter-governmental agreement (IGA) for the implementation of the US Foreign Account Tax Compliance Act (FATCA).
See MoreSingapore: DTA between Singapore and Austria enters into force
The Singapore tax authority announced on February 6, 2014, that the double tax agreement (DTA) signed between Singapore and Austria will enter into force on May 1,
See MoreSingapore: DTA between Poland and Singapore enters into force
The Singapore tax authority announced on 6 February 2014, that the double tax agreement (DTA) signed between Singapore and Poland applies from 6 February 2014 for the mutual agreement procedure and exchange of information provisions and from 1
See MoreRussia’s draft DTAs with Belgium and China
On 5 February 2014, Russia's draft Double Tax Avoidance Agreements with China and Belgium were tabled before Russia's Cabinet for its
See MoreRevised DTA between Poland and Singapore in force
The revised version of the Singapore-Poland avoidance of double taxation agreement (DTA) entered into force on 6 February 2014. It was signed on 4 November 2012. Bottom of Form The revised DTA incorporates the internationally agreed standard for
See MorePeru approves tax treaties
The income tax treaties of Peru with Korea, Mexico, Portugal, and Switzerland recently obtained approval by the Peruvian Congress. The notices were published in the Official Gazette. Under the new treaties, relief for taxes withheld at source
See MoreDTA between Malawi and Netherlands terminated
Malawi has terminated the double taxation agreement (DTA) previously in force between Malawi and the Netherlands. The termination takes effect in the Netherlands from 1 January 2014 and in Malawi from 1 April
See MoreLuxembourg and Mauritius sign DTA Protocol
Luxembourg and Mauritius have signed a protocol amending the bilateral double tax agreement between the two countries. This protocol modifies a number of provisions in the agreement, and provides for the exchange of information upon request between
See MoreCanada: FTA with Israel is under negotiation
A first round of negotiations for a Free Trade Agreement (FTA) between Canada and Israel was held from 3 to 9 February 2014, in
See MoreIGA agreement sign between Hungary and US to implement FATCA
On February 4, 2014, Hungary and the US signed an agreement to implement the U.S. Foreign Account Tax Compliance Act
See MoreDTA between New Zealand and Papua New Guinea entered into force
On Monday, February 10, 2014 the New Zealand Revenue Minister announced that a new double tax avoidance agreement between New Zealand and Papua New Guinea is now in force. The agreement contains a provision on the exchange of tax information in
See MoreDTA between Greece and San Marino entered into force
The San Marino government issued Decree No. 9, which ratifies the double taxation agreement with Greece, on 28 January 2014. The agreement entered into force on the same
See MoreCyprus: Five new double tax agreements in effect
Recently, Cyprus has put five new double tax agreements (DTAs) into effect, including a treaty with the Ukraine which includes beneficial treatment for real estate owned through a Cyprus holding company. The country’s DTA with Russia used to
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