Canada and Taiwan: DTA signed
A Tax Agreement between Canada and Taiwan has been signed on January 13, 2016 in Taipei and on January 15, 2016 in Ottawa. It was initialed on May 1,
See MoreCanada and Peru: Social Security Agreement ratified
The Social Security Agreement (2014) between Canada and Peru has been ratified by Peru by way of Supreme Decree No. 003-2016-EF and it was published in the Official Gazette of 14th January
See MoreUK-Tajikistan DTA in effect
The double taxation agreement (DTA) signed by the UK and Tajikistan on 1 July 2014 entered into force on 16 March 2015 and became effective in Tajikistan in relation to taxes on income and capital, other than withholding tax, for tax years beginning
See MoreUK-Sweden double tax agreement enters into force
The double taxation agreement (DTA) signed by the UK and Sweden on 26 March 2015 entered into force on 20 December 2015. The new agreement replaces the previous bilateral DTA between the two countries signed in 1983. The agreement takes effect in
See MoreEU-Ukraine Deep Comprehensive Free Trade Agreement
The EU-Ukraine Deep Comprehensive Free Trade Agreement came into effect from 1 January 2016. On trade related matters the objective of the agreement is to progressively establish a free trade area within a transitional period of ten years from the
See MoreVenezuela: Tax law changes that will be effective from 2016
The tax reform measures in Venezuela have been published in official gazette on 30th December 2015. Changes to the income tax law are effective from the beginning of January 2016. They include the following measures: The tax inflation
See MoreUK: Double tax agreement with Kosovo
The double tax agreement between the UK and Kosovo which was signed on 4 June 2015 entered into force on 16 December 2015. The agreement takes effect in Kosovo from 1 January 2016 and in the UK from 1 January 2016 for withholding tax; for
See MoreUK: Double tax agreement with Bulgaria
The double tax agreement (DTA) between the UK and Bulgaria which was signed on 26 March 2015 entered into force on 15 December 2015. The agreement takes effect in Bulgaria from 1 January 2016 and in the UK from 1 January 2016 for withholding tax;
See MoreUK: Double taxation agreement with Croatia
The double taxation agreement (DTA) between the UK and Croatia which was signed on 15 January 2015 entered into force on 19 November 2015. The agreement takes effect in the UK from 1 January 2016 for withholding tax; for corporation tax from 1 April
See MoreDTA between Venezuela and Saudi Arabia ratified
An Income Tax Treaty (2015) between Venezuela and Saudi Arabia has been ratified by the National Assembly of Venezuela by approving a law on 30th December
See MoreFATCA agreement between Slovak Republic and U.S. entered into force
A FATCA Model 1A (2015) Agreement between the Slovak Republic and the United States entered into force on 9th November
See MoreUK: Legislation to ratify agreements with Jersey, Guernsey, and Kosovo
Legislation was forwarded on December 9, 2015 to the House of Commons to ratify the UK's pending tax agreements with Jersey, Guernsey, and
See MoreDTA between Germany and Israel ratified
The Income and Capital Tax Treaty (2014) between Germany and Israel has been ratified by Germany on 20th November 2015, by way of publication in the Official Gazette No. 31 of 26th November 2015. Once in force and effective the new treaty will
See MoreNew Zealand: Interest rate on low-interest loans
The Minister of Revenue declared that the approved interest rate will be decrease from 6.22% to 5.99% for calculating fringe benefit tax on low-interest loans. The new rate will be applicable from 23 November
See MoreASEAN and China sign FTA protocol
The Association of South East Asian Nations (ASEAN) and China signed a protocol to upgrade their Free Trade Agreement (FTA) on November 22 2015 in Kuala Lumpur, Malaysia. China is already ASEAN's largest trading partner, accounting for 14.5
See MoreDTA between Japan and Taiwan signed
Japan and Taiwan signed a double taxation agreement (DTA) in Tokyo on 26 November 2015. This DTA is the first agreement regarding taxes between Japan and Taiwan. The agreement provides for a withholding tax rate of 10% on payments of dividends,
See MoreRussia: MoF clarifies determination of tax residence status in case of dual resident
The Finance Ministry (MoF) of Russia has issued a clarification on 30th October 2015 regarding the determination of the tax residence of an individual under the Income and Capital Tax Treaty (1996). The MoF clarified that his status should be
See MoreDTA between Kazakhstan and Serbia ratified
The Income and Capital Tax Treaty (2015) between Kazakhstan and Serbia was ratified by Serbia on 16th November 2015. The treaty was signed on 28th August
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