Australia and Japan signed an agreement to promote economic relations
Australia and Japan signed an agreement to promote economic relations (EPA), in Canberra on 8 July 2014. The Australian Department of Foreign Affairs and Trade said that, “this is the most liberalizing bilateral trade agreement and if it is fully
See MoreNetherlands has signed a letter of intent with St Maarten and Curacao
On July 9, 2014, the Netherlands has reached an agreement with St Maarten and Curacao on a bilateral arrangement to replace the existing Tax Regulation to prevent double taxation and counteract tax evasion. Representatives of the Netherlands and St.
See MoreDTA between Mauritius and Guernsey enters into force
Mauritius and Guernsey signed a double tax agreement on 17 December 2017 . The agreement will enter into force from 27 July 2014. In both countries the agreement applies to income tax and will apply to all taxable years commencing on or after 1
See MoreUruguay- Signing of TIEA with Guernsey
Uruguay signed a tax information exchange agreement with Guernsey on 2 July 2014. After entering into force the agreement will apply in Uruguay to income tax and dwellings profits and in Uruguay the TIEA will apply to all taxes imposed or
See MoreSwitzerland-Iceland: Signed Double Taxation Agreement
Iceland and Switzerland signed double tax treaty on 10 July 2014 and after July 2014; this new treaty will replace the 1988 treaty between Switzerland and
See MoreKuwait-Slovak Republic DTT details
Details of the Kuwait - Slovak Republic Income Tax Treaty (2012) have become available which was signed on November 13, 2012. The treaty was in the Slovak, Arabic and English languages. It generally follows the UN Model (2001). Based on the treaty,
See MoreIsrael–Panama Income Tax Treaty enters into force
The Income Tax Treaty (2012) between Israel and Panama has entered into force on June 30, 2014 and this generally applies from January 1, 2015 for withholding and other taxes and from June 30, 2011 for the exchange of information. Details of the
See MoreSouth Korea-Signed DTA with Kenya
South Korea and Kenya signed an agreement for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income on 8 July 2014. The agreement includes provisions for the exchange of tax
See MoreKazakhstan-Singapore DTA protocol ratified
The President of Kazakhstan has approved a law on July 1, 2014 to ratify the Double Taxation Agreement (DTA) protocol with
See MoreTurkey-Vietnam Income Tax treaty signed
The income tax treaty between Turkey and Vietnam has signed on July 8, 2014 in Ankara. Supplementary details of the treaty will be reported
See MoreIndia: Payments for BSP link services are not ‘Fees for Technical Services’ under India-France tax treaty by virtue of MFN clause
The Income Tax Appellate Tribunal (ITAT) provided a decision on 11 June 2014 in the case of DDIT v. IATA BSP India that payment towards BSP Link services is not fees for technical services (FTS) by virtue of the most favored nation (MFN) clause in
See MoreFTA negotiations between South Korea and China by the end of 2014
The governments of South Korea and China have agreed on 3 July 2014 to complete their negotiations on free trade agreement (FTA) by the end of 2014. The FTA negotiations between these two countries started in May 2012. Both countries have already
See MoreUS-Israel FATCA agreement details
The US Treasury Department has published the official text of the intergovernmental agreement (IGA) between the United States and Israel that was signed on June 30, 2014 for implementation of the Foreign Account Tax Compliance Act (FATCA). The
See MoreKazakhstan: Tax holiday rules for corporate investors
The president has signed Law No. 209-V on June 12, 2014 for initiating a tax holiday for corporate investors in the industrial innovation’s field and it will be effective from January 1, 2015. According to the law, the tax authorities may grant a
See MoreIndia: With US reached an “agreement in substance” Status of Model 1 IGA under FATCA
India and the United States reached an “agreement in substance" for a Model 1 intergovernmental agreement (IGA) for purposes of implementing the FATCA (Foreign Account Tax Compliance Act) regime. The Reserve Bank of India declared in 30 June
See MoreGuidelines on the France-Portugal Income Tax Treaty
The Tax Administration of France issued on 25 June 2014 guidelines for those workers who work on ships and aircraft in international traffic under the France-Portugal Income Tax Treaty of 1971. Under provision of paragraph 3 of Article 16 of the
See MoreMauritius – Details of the Income Tax Treaty with Kenya
The Income Tax Treaty between Kenya and Mauritius was signed on 7 May 2012. Details of the treaty have become available now. The treaty generally follows the UN Model Tax Convention. However, some deviations from the UN model exist which are as
See MoreSingapore: Protocol to treaty between Kazakhstan and Singapore ratified by Kazakhstan
The President of Kazakhstan ratified the amending protocol on 1 July 2014 which was signed on 9 April 2013, to the Kazakhstan - Singapore Income Tax Treaty (2006). Article 1 of the protocol replaces the term "local authorities" as used in
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