DTT between Hungary and Kosovo
The government of Hungary and Kosovo signed an agreement on 3 October 2013 for the avoidance of double taxation and fiscal evasion with respect to taxes on income and capital. The agreement follows a previous agreement on customs cooperation and an
See MoreCzech Republic- Bahamas, Monaco TIEA Signing Approval
The Ministry of Finance of Czech Republic has declared that the government had accepted the signing of tax information exchange agreements with Monaco and the Bahamas on October 1, 2013. These agreements hope to increase the probability of
See MoreCyprus and Ukraine finalize the procedures to bring new treaty into force
The Inland Revenue Department of the Ministry of Finance of Cyprus issued Circular No. 2013/16 on 23 September 2013, expressing that Cyprus and Ukraine have both completed all the procedures required to bring into force the new Double Tax Treaty
See MoreCanada: Quarterly formal interest rate due to include deemed interest income
The Revenue Agency (CRA) of Canada ensured that the quarterly prescribed interest rate used to determine the deemed interest income inclusion from a "pertinent loan or indebtedness" will be 5.02% for the fourth quarter of 2013 - i.e. October 1, 2013
See MoreUS: IRS Corrects Final Regulations on FATCA Reporting and Withholding
In Announcement 2013-14, the Internal Revenue Service (IRS) corrected final regulations (T.D.9610) regarding information reporting by foreign financial institutions (FFIs) with respect to U.S. accounts and withholding on payments to FFIs and other
See MoreTreaty between Senegal and South Africa signed
Senegal and South Africa signed a tax treaty, in Senegal. No further details of the treaty are currently available. South Africa has signed two other agreements with Senegal – a memorandum of understanding on agriculture, and a co-operation
See MoreTreaty between Estonia and Morocco signed
Estonia and Morocco signed a tax treaty on 25 September 2013 in New York. It was signed during a visit by the ministers of Foreign Affairs to the 68th session of the General Assembly of the United Nations. No further details are currently
See MoreKazakhstan-Luxembourg DTT approved by Kazakhstan
Kazakhstan’s Lower House of Parliament has approved the Kazakhstan – Luxembourg Income and Capital Tax Treaty (2008) on September 25, 2013 which was signed on June 26, 2008, and the amended protocol was signed on May 3, 2012. The treaty and
See MoreProtocol to treaty between Indonesia and Mexico signed
Indonesia and Mexico signed an amending protocol to the Indonesia – Mexico Income Tax Treaty (2002) on 7 October 2013. The protocol was signed during the working visit of the President of the United Mexican States to Indonesia on 6 October 2013,
See MoreLiechtenstein and Malta sign DTA
A bilateral double taxation agreement (DTA) between Liechtenstein and Malta in respect of taxes on income and on wealth is signed on 27 September 2013. On the basis of OECD this treaty is made policies of both treaty partner states are
See MoreSwitzerland-US: Exchange of notes to FATCA agreement
The Swiss parliament sanctions a changed Implementation Act on 27 September 2013, concerning the Switzerland and United States FATCA Agreement (2013) of 14 February 2013. The Swiss financial institutions have to impose FATCA which is effecting
See MoreExchange of information agreement between Monaco and South Africa signed
Monaco and South Africa signed an exchange of information agreement, on 23 September 2013, relating to tax matters. The agreement is part of an effort to combat tax evasion and money laundering. At the same time as signing the agreement the two
See MoreExchange of Information Agreement between Barbados and South Africa signed
On 17 September 2013 Barbados and South Africa signed an exchange of information agreement relating to tax matters, in Bridgetown. This agreement is aimed at combating tax evasion and money
See MoreExchange of Information Agreement between Argentina and Aruba signed
Argentina and Aruba signed an exchange of information agreement relating to tax matters on 30 September 2013. The agreement aims to combat tax evasion by the exchange of tax information. The agreement applies to all taxes imposed by Aruba. In
See MoreJapan: Convention and protocol on Mutual Administrative Assistance in Tax Matters enters into force
The multilateral Convention on Mutual Administrative Assistance in Tax Matters, as amended by the 2010 protocol on 1st October 2013 which entered into force in respect of Japan. The Convention and the amending protocol generally apply from 1
See MoreTurkey-Cameroon DTA negotiations conclude
The tax authority of Turkey has announced that the government has concluded the first-round of negotiations with Cameroon for the conclusion of a double taxation agreement on October 2, 2013. The negotiations were held between 23rd and 27th
See MoreCanada-Malaysia Tax Treaty Signed
Canada and Malaysia has signed a declaration of intent on October 7, 2013 to conclude a new tax agreement that will deduct tax obstacles and inspire to increase trade and investment. The new agreement will include provisions consistent with the
See MoreUkraine: Cabinet Authorizes Signing of Double Tax Agreement with Sri Lanka
Ukraine’s Cabinet of Ministers approved on 18 September 2013 the signing of a draft agreement for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income and capital with Sri Lanka. They have authorized
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