DTA between South Africa and UAE signed
A tax treaty between South Africa and United Arab Emirates has been signed on 23rd November 2015 in
See MoreProtocol to a treaty between Russia and Singapore signed
Russia and Singapore signed an amending protocol to the Russia - Singapore Income Tax Treaty (2002) on 17 November 2015, in Moscow. Further details will be reported
See MoreUK: Planned tax treaties and protocols
On 13 November 2015 the UK published a policy paper on planned tax treaty developments. The paper states that negotiations are to begin on double tax treaties with Nepal, Romania, Trinidad and Tobago and Uzbekistan. Work is also to be done on tax
See MoreArgentina: Double taxation treaty with Mexico
The Governments of Argentina and Mexico signed a treaty for the avoidance of double taxation on 4 November 2015. The treaty intends to eliminate double taxation, as well as tax evasion and situations of double non-taxation. The treaty will have to
See MoreDTA between Malaysia and Slovak Republic ratified
The Income Tax Treaty (2015) between Malaysia and the Slovak Republic has been ratified by the Slovak Republic on 4th November
See MoreGhana and United Kingdom sign MoU regarding automatic exchange of information
Ghana and the United Kingdom signed a memorandum of understanding (MoU) on automatic exchange of information on 6 August 2015. Further details will be reported when they are
See MoreDTA between Armenia and Slovak Republic ratified by Slovak Republic
The Income and Capital Tax Treaty (2015) between Armenia and Slovak Republic has been ratified on 4th November
See MoreRomania and Isle of Man sign TIEA agreement
A tax information exchange agreement (TIEA) was signed between Romania and Isle of Man on November 4,
See MoreHong Kong-South Africa tax treaty entered into force
The agreement between Hong Kong and South Africa for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income has entered into force. The agreement was signed in October last year. It came into force on
See MoreCroatia: Reduced interest rate for related-party loans
National Bank of Croatia has recently reduced bank interest rate from 7% to 3% per annum and was effective from 31 October 2015. This rate will be also decrease for the purposes of corporate profit tax law. The tax rate reduced from 7% to 3% per
See MoreArgentina-Double Tax Treaty with Switzerland enters into force
The new Double Taxation Treaty between Switzerland and Argentina will enter into force on 27 November 2015. The new treaty will be applicable from 1 January 2015. For taxes withheld at source the relief has become applicable from 2015. The new
See MoreDTA between Czech Republic and Pakistan enters into force
The Income Tax Treaty (2014) between Czech Republic and Pakistan entered into force on 30th October 2015 and it generally applies for the Czech Republic from 1st January 2016 and from 1st July 2016 for
See MoreSecond round of FTA negotiations between China and Pakistan
The 2nd round of the China-Pakistan free trade agreement (FTA) negotiations was held in Beijing on October 14 to 16. The negotiations were based on tax reduction for trade in goods; further opening of trade in services; Pakistan’s regulation
See MoreIndia: LOB clause under the India-Singapore tax treaty is not applicable to income taxed on an accrual basis in Singapore
Recently the Rajkot Bench of the Income-tax Appellate Tribunal in the case of: Alabra Shipping Pte Ltd, Singapore v. Income Tax Officer- held that the benefit of the India-Singapore income tax treaty was not to be denied to the taxpayer by
See MoreDTA between Chile and Italy signed
A Tax Treaty between Chile and Italy has been signed on 23rd October
See MoreDTA between Senegal and UAE signed
A tax treaty between Senegal and United Arab Emirates has been signed on 22nd October
See MoreHong Kong-Macao begins FTA Negotiations
Hong Kong has started a consultation on Free Trade Agreement on the areas to be covered in a proposed Closer Economic Partnership Arrangement (CEPA) trade treaty with Macao. At present, Hong Kong and Macao have each entered into a separate CEPA
See MoreHong Kong: Government committed to timely implementation of automatic exchange of tax information
In response to input from stakeholders the government will make changes to a legislative proposal to implement the new international standard on automatic exchange of financial account information in tax matters (AEOI). Based on valuable feedback
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