Argentina-UAE: Tax Treaty under negotiations
The Ministry of Finance of the United Arab Emirates has released negotiations for a tax treaty between Argentina and the United Arab Emirates are underway on June 17,
See MoreWithholding tax rates within DTA between Mexico and UAE
The DTA between Mexico and UAE of 2012 have signed on November 20, 2012. The maximum withholding tax rates are 4.9% on interest paid to banks and 10% on interest paid to rest of the cases. The treaty normally follows OECD model and will apply
See MoreFrance: Withdraws IHT Agreement with Switzerland
The government of France has announced to withdraw the 1953 inheritance tax (IHT) agreement with Switzerland effective from 31 December 2014. Accordingly from 1 January 2015 in the absence of a treaty domestic inheritance tax rules will be
See MoreCanada – Uruguay: TIEA ratified by Uruguay
According to the way of Law No. 19.223, Uruguay has ratified the Canada - Uruguay Tax Information Exchange Agreement (TIEA) on June 13,
See MoreKazakhstan – Singapore DTA ratified by Kazakhstan
The upper house of parliament in Kazakhstan has ratified the Double Taxation Agreement (DTA) with Singapore on June 19,
See MoreRussian banks help IRS after new FATCA law passed
The State passes legislation allowing Russian banks to pass information on their U.S. clients to the IRS, as demanded by the Foreign Account Tax Compliance Act (FATCA). FATCA will come into force on July 1, 2014, and by this time the law that
See MoreIsrael-Panama: DTA ratified by Israel
Israel has ratified the Double taxation Agreement between Israel and Panama on May 26,
See MoreHong Kong emphasis to conclude ASEAN FTA
Hong Kong is planning to give emphasis on finalizing the proposed Hong Kong-Association of Southeast Asian Nations (ASEAN) free trade agreement (FTA) as quickly as possible. The Secretary for Commerce and Economic Development Gregory So announced
See MoreUAE – Montenegro: DTA enters into force
Income and Capital Tax Treaty between The United Arab Emirates and Montenegro have entered into force on December 10, 2013 and generally apply from 1 January
See MoreCzech Republic ratified the DTA with Luxembourg
The Czech Republic has ratified the Income and Capital Tax Treaty between Czech Republic and Luxembourg on June 5, 2014. Once in force and effective, this new treaty will generally replace the prior Czechoslovakia - Luxembourg Income and Capital
See MoreSwitzerland–Australia: approved double taxation agreements
The lower house of parliament approved the nation’s double taxation agreement on 4 June 2014. The DTA will enter in to force after both countries have completed their respective domestic requirements and ratification by both
See MoreCanada confirming South Korean FTA Terms
The Canadian Government has arranged the final text of its Free Trade Agreement (FTA) with South Korea and upon its entry into force; South Korea will immediately exclude 81.9 % tariff lines duties. Once whole implementation, South Korea will have
See MoreIndia: Refurbish Tax Treaty with Cyprus
India is seeking an amendment to its 1994 double tax agreement with Cyprus before the territory can be out as a notified jurisdictional area. From November 2013, the Indian Government raised powers under Section 94A of the Indian Income Tax Act
See MoreA double tax treaty between Portugal and Senegal signed
A double tax treaty between Portugal and Senegal signed in Lisbon, on 13 June 2014, for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on
See MoreUAE and US Signed Provisional FATCA Agreement
The United Arab Emirates (UAE) and US signed an Intergovernmental Agreement (IGA) to implement the Foreign Account Tax Compliance Act (FATCA) of United States. The US congress enacted FATCA in 2010, taking effect on July 1, 2014, desire to ensure
See MoreUAE – Lithuania: DTA approved
The Cabinet of United Arab Emirates has approved the Double Taxation Agreement (DTA) with Lithuania on June 9,
See MoreSouth Africa and US signed IGA
The Government of US and South Africa signed an inter-governmental agreement (IGA) on June 9, 2014. The provision of reciprocal exchange of information includes in the agreement, where financial institutions in South Africa require report
See MoreSwitzerland: Approved Law To Maintain FATCA
The Federal Council of Switzerland has determined to bring together the Foreign Account Tax Compliance Act (FATCA) Act and the regulation of disclosure obligations, which came into effect on 30 June of 2014. The Swiss parliament approved the FATCA
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