Bhutan approves a law to ratify the DTA signed with India
On February 6, 2014, Bhutan's National Council approved a law to ratify the Double Taxation Avoidance Agreement (DTA) signed with India. The DTA will provide tax stability to the residents of India and Bhutan and facilitate mutual economic
See MoreBahrain ratifies its TIEA with Canada
An Agreement between Canada and Bahrain for the exchange of information on tax matters which was signed on June 4, 2013 it was ratified by Bahrain on February 4, 2014. The Agreement provides for the mutual exchange of tax information that is
See MoreVietnam negotiates DTA with Cambodia
Officials from Vietnam and Cambodia have expressed their intentions to negotiate a double tax agreement. On 13 January 2014, a conference was held, which provided both nations with an opportunity to discuss measures to further promote cooperation
See MoreTIEA between Canada and Liechtenstein entered into force
The Agreement between Canada and Liechtenstein for the Exchange of Information on Tax Matters entered into force on January 26, 2014. The Agreement was signed on January 13, 2013. The Agreement has effect in accordance with the provisions of
See MoreIreland – FATCA Registration Process
The Revenue Commissioners have confirmed that there will not be a separate Irish registration process for Irish financial institutions pursuant to FATCA, and that Irish financial institutions will only need to register for a Global Intermediary
See MoreIndia and Fiji sign a DTA
On 30 January 2014 India signed a Double Taxation Avoidance Agreement (DTA) with Fiji for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on income. The Indian Finance Minister commented that the need
See MoreHong Kong: Negotiations for DTA with Romania
On 29 January 2014, the Romanian government authorized the start of negotiations for the conclusion of a Double Tax Agreement (DTA) between Hong Kong and
See MoreFinland- TIEA with Panama entered into force
On 9 January 2014, Finland's Ministry of Finance announced that the cabinet of ministers approved regulations ratifying the tax information exchange agreement between Panama and Finland. Certain provisions of the treaty come into effect from 20
See MoreEthiopia intends to negotiate a tax treaty with Canada
Following a meeting held on 27 January 2014, Ethiopia has expressed its intentions to negotiate and sign a Double Tax Treaty (DTA) with Canada. In recent years Ethiopia has been one of the fastest growing economies in Africa. The country is one of
See MoreEstonia – Six new DTA in effect
From 1 January 2014, six new Double Tax Treaties (DTA) were added to Estonia’s income tax treaty network. The treaties are with Bahrain, Thailand, Cyprus, Mexico, Turkmenistan, and
See MoreEstonia Approves Draft Agreement to implement FATCA
On 23 January 2014, the government of Estonia approved a draft agreement to implement the U.S. Foreign Account Tax Compliance Act (FATCA). According to a press release, the agreement is scheduled to be signed by the Estonian Tax and Customs
See MoreUnited Kingdom – New DTA with China effective
The Income Tax Treaty between China and the United Kingdom entered into force on 13 December 2013. The new tax treaty replaces the 1984 income tax treaty between the United Kingdom and China and is effective beginning 2014. The new treaty provides
See MoreSweden: Protocol to DTA with Japan signed
The Policy Research Institute of Japan's Finance Ministry confirmed on December 5, 2013 that the governments of Japan and Sweden have signed a Protocol amending the current tax treaty. The main changes are: expansion of the scope of exemption of
See MoreItaly: FATCA intergovernmental agreement signed with United States
Representatives of the governments of Italy and the United States signed an intergovernmental agreement to implement the provisions of U.S. law known as “FATCA” (Foreign Account Tax Compliance Act). According to a Ministry of Economy and Finance
See MoreDTA between Luxembourg and Kazakhstan entered into force
Luxembourg ratified the first Income and Capital Tax Treaty with Kazakhstan on 16 May 2013. The treaty was signed on 3 May 2012 and entered into force on 10 December 2013. The provisions of the treaty will be applicable from 1 January 2014
See MoreChina and Liechtenstein sign a TIEA
China and Liechtenstein signed a Tax Information Exchange Agreement (TIEA) 27 January 2014. The agreement is consistent with the OECD’s international standard. The TIEA will enter into force after ratification by both parties, and the possible
See MoreHungary and Jersey sign a TIEA
Hungary and Jersey signed a Tax Information Exchange Agreement (TIEA) on 28 January, 2014. The TIEA will enter into force after ratification by both parties, and the possible date for entry into force is not
See MoreTIEA between Costa Rica and Iceland published in gazette
The Costa Rica – Iceland TIEA, 2011 (Law No 9196) was published in the Official Gazette (Gaceta Digital de la Imprenta Nacional) No. 20 of Costa Rica on 29 January 2014. This completes the ratification process on the side of Costa
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