DTA between Morocco and Slovenia signed
An Income Tax Treaty (2016) between Morocco and Slovenia was signed on 5th April 2016 in
See MoreDTA between Chile and Uruguay signed
An Income and Capital Tax Treaty (DTA) between Chile and Uruguay has been signed on 1st April 2016 in
See MoreDenmark proposes amendments for the several laws
The Ministry of Taxation submitted a law proposal (L 123) to the parliament on 23 February 2016, amending several laws. The proposal includes the following amendments: Participation exemption: -The rules on the participation exemption are enhanced
See MoreIndonesia: Reduced final withholding income tax rates on interest income
As per the new Regulation No. 123/2015 issued in late December 2015, final withholding income tax rates have been reduced on interest received or earned from deposits, savings or Bank Indonesia (BI) Certificate discounts, provided that the source
See MoreTIEA between Belize and Czech Republic signed
An Exchange of Information Agreement regarding tax matters between Belize and the Czech Republic has signed on February 12, 2016 in Mexico
See MoreTurkey: Clarifications to Corporate Tax Law General Application Communiqué declared
The website of the Revenue Administration published Corporate Tax Communiqué No. 9 (regarding clarifications to the Corporate Tax Law General Application Communiqué of 3 April 2007) on February 11, 2016. This measure has not yet been published in
See MoreBulgaria: Clarification to DTA with UK
The Revenue Agency of Bulgaria issued a clarification on 5 February 2016 regarding the application of the Bulgaria - United Kingdom Income Tax Treaty (2015). The main clarifications include the following: Several types of income that were exempt
See MoreNew Zealand: IMF selected issues paper looks at tax changes
A selected issues paper published on 8 February 2016 was prepared by IMF staff as background to consultations in New Zealand under Article IV of the IMF’s articles of agreement. The paper notes that New Zealand’s economy has performed well in
See MoreRussia: Draft list of countries and territories not exchanging tax information
The Federal Tax Service (FTS) has published an amended version of the draft Order regarding a list of countries and territories which do not exchange tax information with Russia on February 1, 2016. In the amended list Austria, Israel, Lebanon,
See MoreRussia: Amendment of tax law implements in 2016
In Russia, recently important tax laws were passed for corporate taxation from 2015 onwards, which will take effect from 2016. The major changes are given below: In 2016, an interest rate threshold from 75% to 125% for the Central Bank will apply
See MoreCanada 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;
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