UAE, Georgia Comprehensive Economic Partnership Agreement enters into force
The Comprehensive Economic Partnership Agreement (CEPA) between the United Arab Emirates (UAE) and Georgia went into effect on 27 June, 2024. The CEPA agreement is set to deepen trade and investment ties, accelerate growth in priority industries,
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Kenya, EU EPA enters into force
The Economic Partnership Agreement (EPA) between Kenya and the European Union (EU) has gone into effect on 1 July, 2024. Signed on 18 December 2023, the EPA will boost bilateral trade in goods and investment flows and contribute to sustainable
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Luxembourg ratifies Partnership and Cooperation Agreement with EU, Malaysia
Luxembourg has ratified the Partnership and Cooperation Agreement (PCA) between the European Union and Malaysia on 5 June, 2024. The agreement was signed on 14 December, 2022, at Brussels, and published in the Journal Officiel du Grand-Duché de
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Austria to negotiate first tax treaty with Bangladesh
The Austrian Council of Ministers approved the negotiation of an income and capital tax treaty with Bangladesh on 3 July 2024, according to information published by the Federal Chancellery. A tax treaty, also called double tax agreement (DTA) is
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Kazakhstan ratifies FTA with Singapore
The Kazakhstani Senate, the upper chamber of parliament, ratified a free trade agreement in services and investments with Singapore on 27 June, 2024. This agreement, signed on 22 May 2023, aims to enhance trade and economic cooperation between the
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Czech Republic clarifies suspended tax treaty with Belarus
The Czech Republic tax authorities issued a guidance, on 1 July 2024, clarifying the suspension of Articles 10 (dividends), 11 (interest), and 13 (capital gains) of the tax treaty agreement between the Czech Republic and Belarus. The tax treaty
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Belarus clarifies tax treaty application with France
The Ministry of Taxes and Duties of Belarus issued a clarification on the application of the tax treaty to the 1985 Belarus-France income tax treaty on 28 June, 2024. France has announced that it will suspend articles 7 (dividends), 8 (interest),
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Switzerland enacts new tax treaty amendment with France
On 25 June 2024, Switzerland’s tax authorities published “Federal Decree No. 1461/2024 of 14 June 2024” in the Official Gazette. This decree sets a referendum deadline of 3 October 2024 for the approval of the Additional Agreement, signed on
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Austria issues decree responding to Belarus suspension of tax treaty provisions
Austria's Federal Ministry of Finance issued Decree No. 2024-0.459.298 in response to Belarus' decision to suspend certain articles of the Austria-Belarus Income and Capital Tax Treaty on 27 June, 2024. The decree addresses Belarus' unilateral
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Panama regulates mutual agreement procedures for double tax treaties
Panama’s tax authority (Dirección General de Ingresos, DGI) published Resolution 201-3777 of 7 June 2024 in the Official Gazette on 24 June 2024. This Resolution sets forth procedural guidelines for taxpayers to access the Mutual Agreement
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Cyprus, Vietnam to resume tax treaty talks
According to Vietnam’s government press release on 21 June 2024, Cyprus and Vietnam officials convened and expressed their interest in continuing negotiations for an income tax treaty. Both countries agree that avoiding double taxation will
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Thailand, US sign competent authority arrangement to FATCA agreement
The US Internal Revenue Service (IRS) released the official text of the competent authority arrangement (CAA) that the US government signed with Thailand under the Thailand—United States FATCA Model 1A Agreement (2016) (IGA) to implement the
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Argentina sets reporting deadline for CRS and FATCA
Argentina's tax authority issued General Resolution 5517/2024 on 26 June, 2024, in which it announced the exceptional extension deadline for the 2023 CRS and FATCA reporting. The new deadline is now set for 31 July, 2024. Submissions made
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Netherlands, Kyrgyzstan ratify pending tax treaty
Kyrgyzstan announced that it ratified the pending income tax treaty with the Netherlands on 28 June, 2024. The new tax treaty, which will be the first between the Netherlands and Kyrgyzstan, aims to eliminate double taxation on income and prevent
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Switzerland, US sign new FATCA agreement
The Swiss Federal Council has announced that it signed a new FATCA agreement with the United States at Bern on 27 June, 2024. Switzerland currently provides financial account data to the United States on a unilateral basis. In the future, it will
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France approves pending tax treaty protocol with Switzerland
The French Council of Ministers approved the pending protocol with Switzerland, amending the 1966 income and capital tax treaty, on 26 June 2024. Previously, the Swiss Council of States (the upper house of parliament) announced that it ratified
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Lithuania approves termination of tax treaty with Russia
The Lithuanian government approved a resolution to terminate the 1999 tax treaty with Russia on 26 June 2024. A law for the termination must now be submitted for parliamentary approval. Earlier, the Lithuanian government made public plans to
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Finland approves new tax treaty with France
Finland’s President Alexander Stubb ratified the new income tax treaty with France by signing it into law on 28 June, 2024. This treaty, which was signed on 4 April 2023, will replace the existing 1970 tax agreement between the two nations. The
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