Indonesia, Laos DTA enters into force
The Double Taxation Agreement (DTA) between Indonesia and Laos was entered into force for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, on 11 October 2016. The treaty was applied from 1
See MoreGermany-India: Social security agreement to enter into force
The Germany - India Social Security Agreement will enter into force on 1 May 2017. The agreement generally applies from 1 May 2017. From this date, the new agreement generally replaces the previous Germany - India Social Security Agreement
See MoreTIEA between Norway and UAE enters into force
The Exchange of Information Agreement regarding tax matters (TIEA) between Norway and the United Arab Emirates that was signed in 2015 entered into force on 15th February 2017. This treaty generally applies from 15th February 2017 for criminal tax
See MoreDTA between Qatar and Tajikistan authorized
The signing of the initialed Income and Capital Tax Treaty between Qatar and Tajikistan was authorized by the Cabinet of Qatar on 22nd February
See MoreDTA between Russia and Spain: Russia clarifies taxation of dividends paid to non-resident
The Russian Ministry of Finance (MoF) on 22 February 2017, issued Guidance Letter No. 03-08-05/73316 of 7 December 2016, clarifying the taxation under the Russia - Spain Income and Capital Tax Treaty of the dividends derived by a Spanish
See MoreQatar: Draft law on selective tax on goods approved
The Finance Ministry has prepared the draft law in accordance with the GCC unified agreement for selective tax, and the GCC Supreme Council decision recently issued in the 37th session held in the Kingdom of Bahrain. The decision specifies the
See MoreUAE: Planning to introduce VAT by 2018
During the World Government Summit Ministry of Finance officials from the United Arab Emirates (UAE) announced they are to implement VAT by 1st January 2018. Also, the Finance Undersecretary has reiterated the Gulf Cooperation Council (GCC) Member
See MoreVietnam: A new legal framework for the international sale of goods
Recently, Vietnam ratified the UN agreement on contracts for the international sale of goods (CISG), which took effect on 1 January 2017. With this ratification expanding and complementing Vietnam’s existing domestic legal framework for the sale
See MoreDTA between Macedonia (FYR) and UAE enters into force
The Income Tax Treaty of 2015 between Macedonia (FYR) and United Arab Emirates entered into force on 8th February 2017. The treaty will be applicable from 1st January
See MoreKazakhstan, Slovenia DTA enter into force
A Double Tax Agreement of 2016 between Kazakhstan and Slovenia has entered into force on 30th of December 2016. It has been applicable from 1st of January
See MoreHong Kong signs a tax agreement with Pakistan
The Government of the Hong Kong Special Administrative Region of the People’s Republic of China and the Government of the Islamic Republic of Pakistan have signed an agreement for the avoidance of double taxation and the prevention of fiscal
See MoreTIEA between Chile and Uruguay enters into force
The Exchange of Information Agreement of 2014 between Chile and Uruguay entered into force on 4th August 2016 regarding tax matters and generally applies from 4 August 2016. The announcement of the entry into force of the agreement was published in
See MoreSaudi Arabia-Intergovernmental agreement to implement FATCA approved
The cabinet of Saudi Arabia officially approved the Intergovernmental Agreement (IGA) between Saudi Arabia (KSA) and the United States (US) on 6 February 2017. The agreement would improve international tax compliance and implement the Foreign
See MoreSwitzerland: Automatic exchange of information with various counties
The Federal Department of Finance announced on 2 February 2017 that a consultation will be held on the execution of the Automatic Exchange of information (AEOI) with: Antigua and Barbuda, Aruba, Belize, China (People's Rep.), Colombia, the Cook
See MoreSlovak Republic: DTA with Armenia enter into force
The 2015 Double Tax Agreement (DTA) between Slovak Republic and Armenia was entered into force on 1st of February 2017. It will be applicable from 1st of January 2018. In accordance with this treaty, tax withholding rates are 5% or 10% in case of
See MorePanama ratifies DTA with Vietnam
On 7 February 2017, Panama ratified the Double Taxation Agreement (DTA) with Vietnam for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on
See MoreTIEA between Japan and Panama expected to be entered into force
On 12 March 2017, the Tax Information Exchange Agreement (TIEA) between Japan and Panama will enter into force. For criminal tax matters, the agreement generally applies from 12 March 2017 and for all other tax matters from 1 January 2013. This
See MoreJapan- Philippines: Social security agreement ratified
Social Security Agreement of 2015 between Japan and Philippines has been ratified by the Philippines' Senate on 7 February
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