FATCA Agreement Signed between United States and Philippines
The Philippines and the United States have signed a Foreign Account Tax Compliance Act (FATCA) agreement on 13 July 2015. This is a Model 1 Agreement. Under this reciprocal agreement, the Philippines will report the information required under FATCA
See MoreDTA between Mexico and Turkey enters into force
The Double Tax Agreement (DTA) between Turkey and Mexico signed in 2013 will enter into force on 23rd July 2015. Mexico published the text of the agreement on 17th July 20a. The agreement aims to avoid double taxation between the two countries
See MoreIncome Tax Treaty Signed between Luxembourg and Brunei
Luxembourg and Brunei have signed an Income Tax Treaty on 14 July 2015. The purpose of the agreement between the two countries is to enable the tax administrations to eliminate double taxation and prevention of fiscal
See MoreDTA between Bulgaria and Norway ratified by Bulgaria
The Income Tax Treaty (2014) between Bulgaria and Norway has been ratified by the Bulgarian parliament on 8th July 2015. Once in force and effective, the new treaty will replace the previous income and capital tax treaty (1988). The ratification
See MoreCanada: Tax treaty, TIEA updates
The Finance Ministry has announced that the Double Tax Treaty (DTA) between Canada and New Zealand entered into force on 26th June 2015, and that agents of the governments of Canada and the Cook Islands signed a tax information exchange agreement
See MoreFATCA Agreement Signed between United States and India
India and the United States have signed a Foreign Account Tax Compliance Act (FATCA) agreement on 09 July 2015. This is a Model 1 Agreement. Under this reciprocal agreement, financial institutions in India will report the information required under
See MoreFATCA Agreement Signed between United States and Georgia
Georgia and the United States have signed a Foreign Account Tax Compliance Act (FATCA) agreement on 10 July 2015. This is a Model 1 Agreement. Under this reciprocal agreement, financial institutions in Georgia will report the information required
See MoreNegotiations for DTA between Australia and UAE
Following a recent meeting, negotiations for a double tax agreement (DTA) between Australia and the United Arab Emirates are
See MoreSocial Security Agreement between Israel and Italy ratified
By way of Law No. 98, the Social Security Agreement (2010) between Israel and Italy has been ratified on 18th June 2015 by Italy. Once in force and effective, this new agreement will replace the Social Security Agreement
See MoreTIEA between Aruba and Czech Republic signed
An exchange of information agreement relating to tax matters (TIEA) between Aruba and the Czech Republic was signed on 8th July
See MoreSocial Security Agreement and protocol between Canada and Italy ratified
According to Law No. 93 as published in the Official Gazette No. 154 on 6th July 2015, the Social Security Agreement (1995) between Canada and Italy and its amending protocol has been ratified by Italy on 16th June
See MoreBrazil issues ruling on withholding tax rate in treaty with France
Brazil has issued confirmation that there is no withholding tax on payments for technical services and technical assistance under the double tax treaty between Brazil and France. Private Letter Ruling 153/2015 on the interpretation and application
See MoreDTA between Hong Kong and UAE ratified by Hong Kong
The Income Tax Treaty (2014) between Hong Kong and United Arab Emirates has been ratified by Hong Kong on 3rd July
See MoreChile and China sign DTA
The Double Tax Agreement (DTA) between Chile and China was signed on 25th May 2015. The treaty follows OECD guidelines. Article 5 of the treaty defines a permanent establishment and article 10, 11, 12 and 13 allocate taxing rights for dividends,
See MoreFATCA Agreement Signed between United States and South Korea
South Korea and the United States have signed a Foreign Account Tax Compliance Act (FATCA) agreement on 10 June 2015. This is a Model 1 Agreement. Under this reciprocal agreement, financial institutions in South Korea will report the information
See MoreRomania: Chamber of Deputies approves the Fiscal Code and the Fiscal Procedure Code
The Chamber of Deputies has approved on 25 June 2015 the Fiscal Code and the Fiscal Procedure Code. The new Fiscal Code includes measures important to the economy, the most important being the reduction of VAT to 19%, as Romania moves from having
See MoreWTO conducts trade review of Canada
The World Trade Organization (WTO) conducted its tenth review of trade policies and practices of Canada on 15 and 17 June 2015. The review was based on a report issued by the Canadian government and a report by the WTO Secretariat. The WTO
See MoreWTO conducts trade policy review of Chile
On 23 and 25 June 2015 the World Trade Organization (WTO) conducted a trade policy review of Chile. The review was based on a report issued by the government of Chile and a report by the WTO secretariat. The WTO notes in its report that Chile was
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