Switzerland: Council of States approves ratification of tax treaties with Angola, Jordan
The Swiss Upper House of Parliament (the Swiss Council of States) approved the ratification of the income tax treaties with Angola and Jordan on 9 December 2024. Earlier, the Swiss Federal Council announced the dispatch of the approval of a
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Switzerland: Parliament approves amending protocol to tax treaties with Germany, Serbia
Switzerland's Council of States approved protocols amending income and capital tax treaties with Germany and Serbia on 9 December 2024. Earlier, the Swiss Federal Council announced that it had adopted the dispatch on the protocol of amendment to
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Luxembourg: Government Council approves ratification of tax treaty with Colombia
Luxembourg's Government Council has approved the ratification of the income and capital tax treaty with Colombia on 13 December 2024. The agreement was signed on 19 January 2024. It seeks to eliminate double taxation with respect to taxes on
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Ecuador ratifies tax treaty with UK
Ecuadorian President Daniel Noboa signed a decree ratifying the income and capital tax treaty with the UK on 13 December 2024. The agreement aims to avoid double taxation on income and capital gains between the two countries. It will apply to
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Oman, Tanzania sign tax treaty
Oman and Tanzania have signed a tax treaty in Muscat on 15 December 2024. The agreement was signed by HE Nasser bin Khamis Al Jashmi, Chairman of Oman’s Tax Authority, and HE Dr. Mwigulu Lameck Nchemba, Tanzania’s Minister of Finance and
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Tanzania, Vietnam continue income tax treaty negotiations
Officials from Tanzania and Vietnam met to further negotiations on establishing an income tax treaty on 3 December 2024. Negotiations first began in 2016. If an agreement is reached, it will be a first between the two nations. The treaty will
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Korea (rep.): National Assembly approves tax treaty with Rwanda
The National Assembly of Korea (Rep.) approved the ratification of the income tax treaty with Rwanda on 14 November 2024. The treaty was signed on 13 September 2023. It is the first of its kind between the two nations. It will become effective
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Switzerland suspends MFN clause in tax treaty with India
The Swiss Federal Tax Administration declared the suspension of the Most Favoured Nation (MFN) clause under the 1994 Swiss-India tax treaty on 11 December 2024. That will be effective from 1 January 2025. Switzerland is rescinding its unilateral
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Latvia ratifies tax treaty with Andorra
Latvia has published the law approving the ratification of a new income and capital tax treaty with Andorra on 12 December 2024. Signed on 21 December 2024, this agreement is the first tax treaty between the two nations. The treaty seeks to
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Armenia: Cabinet ratifies tax treaty with Hong Kong
Armenia’s Cabinet has ratified the income tax treaty with Hong Kong on 12 December 2024. Signed on 24 June 2024, the Armenia - Hong Kong income tax treaty is the first between the two jurisdictions. The agreement will take effect after the
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Korean (Rep.): National Assembly approves FTA with Philippines
Korea’s National Assembly has approved the free trade agreement (FTA) with the Philippines on 14 November 2024. Earlier, the Philippine Senate ratified the FTA with Korea (Rep.) on 23 September 2024. The FTA was signed by both nations on 7
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Oman ratifies income tax treaty with Estonia
The Sultan of Oman issued a Royal Decree No 62/2024 for the ratification of the income tax treaty with Estonia on 10 December 2024. Earlier, Oman and Estonia signed the income tax treaty in Muscat on 27 October 2024. The agreement was signed
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Luxembourg: Council of State approves amending protocol to tax treaty with Moldova
Luxembourg's Council of State authorised the ratification of the protocol to the 2007 tax treaty on income and capital with Moldova on 10 December 2024. Signed on 25 June 2024, the amending protocol will come into force once the ratification
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Bulgaria, Malta sign new tax treaty
Bulgarian Deputy Prime Minister and Minister of Finance, Lyudmila Petkova, signed an agreement in Brussels with Malta to avoid double taxation between the two countries on 10 December 2024. The Agreement was signed on the Maltese side by Clyde
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Brazil, Slovak Republic sign amending protocol to tax treaty
Representatives from Brazil and the Slovak Republic signed a protocol amending their 1986 income tax treaty on 10 December 2024. The treaty aims to avoid double taxation and prevent fiscal evasion over taxes and income between the two
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Cyprus, Oman signs income tax treaty
Oman’s government has announced on 8 December 2024 that it signed an income tax treaty with Cyprus. The agreement was signed on behalf of the Government of Oman by Nasser Khamis Al Jashmi, Chairman of the Tax Authority, while it was signed on
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Netherlands: Tax treaties with Moldova, Kyrgyzstan, and Andorra enter into force
The amended protocol to the 2000 Netherlands-Moldova Income and Capital Tax Treaty, signed on 4 September 2023, will officially enter into force on 31 December 2024. This is the first amendment to the tax treaty and its provisions will take effect
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New Zealand, Slovenia sign income tax treaty
New Zealand and Slovenia have signed an income tax treaty on 3 December 2024. A tax treaty is a bilateral agreement between two countries designed to address issues related to the double taxation of both passive and active income of their
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