US, Taiwan to begin tax treaty negotiations
The US Department of the Treasury announced, on 29 October 2024, that the US and Taiwan, under the auspices of the American Institute in Taiwan (AIT) and the Taipei Economic and Cultural Representative Office in the United States (TECRO), will begin
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Hong Kong gazettes tax treaty with Armenia, Bahrain, Bangladesh, Croatia, Turkey
Hong Kong’s Chief Executive in Council issued an Order to implement tax treaties with Armenia, Bahrain, Bangladesh, Croatia, and Turkey on 23 October 2024. The Order for signing tax treaties with Armenia, Bahrain, Bangladesh, Croatia, and
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Kyrgyzstan: Parliament approves ratification of tax treaty with Slovak Republic
The parliament of Kyrgyzstan approved the bill ratifying its income tax treaty with the Slovak Republic on 23 October 2024. Earlier, The Slovak Republic had ratified the 2024 Kyrgyzstan—Slovak Republic Income Tax Treaty on 2 October 2024
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Sweden moves to suspend income tax treaty with Russia
The Swedish government has presented a bill, the Repeal Act, to the Parliament with the intention to annul Act (1993:1301) concerning the Income and Capital Tax Treaty between Russia and Sweden on 24 October 2024. Earlier, Russia suspended
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Qatar approves amending protocol to tax treaty with Norway
Qatar's Council of Ministers approved for ratification the amending protocol to the income tax treaty with Norway on 23 October 2024. Earlier, Norway and Qatar signed an amending protocol to the 2009 Norway—Qatar Income Tax Treaty on 4
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Hong Kong issues tax treaty orders with Armenia, Bahrain, Bangladesh, Croatia, and Turkey
The Hong Kong Inland Revenue has announced that the Chief Executive in Council has issued five orders to ratify upcoming tax treaties with Armenia, Bahrain, Bangladesh, Croatia, and Turkey on 23 October 2024. The Orders will be gazetted today, 25
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UN: Resolution on Negotiating Committee for Framework Convention for International Tax Cooperation
On 14 October 2024 a Resolution was drafted by Nigeria on behalf of the Africa group at the UN, to adopt the terms of reference for the UN Framework Convention on International Tax Cooperation. The draft Resolution referred to the work of the Ad Hoc
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Kazakhstan negotiates tax treaty with Kuwait
Kazakhstan Ministry of Foreign Affairs, in a release on 21 October 2024, announced that officials from Kazakhstan and Kuwait met to discuss investment relations and establish an income tax treaty on the avoidance of double taxation. Deputy
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Russia: Lower house of parliament approves ratification of tax treaty with Malaysia
The Russian State Duma (lower house of parliament) approved the draft law for the ratification of the income tax treaty with Malaysia on 22 October 2024. Earlier, the two nations signed a new income tax treaty on 17 May 2024. This agreement
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IMF and World Bank Annual Meetings: Regional Economic Outlook – Europe
On 23 October 2024 the IMF launched the latest issue of the Regional Economic Outlook for Europe. Europe’s economic recovery is continuing after a strong response to the recent crises. However, the recovery is falling short of Europe’s full
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Montenegro, Germany initiate tax treaty negotiations
First round of discussions regarding an income and capital tax treaty between Germany and Montenegro concluded in Podgorica from 7 to 11 October 2024. The announcement was made by the government of Montenegro on 14 October 2024. If an
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Argentina ratifies tax treaty with China
Argentina ratified the income and capital tax treaty with China, Law 27780 was published in the Official Gazette on 18 October 2024. This income tax treaty aims to eliminate double taxation on income and capital, ensuring it does not create
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Jordan to sign tax treaty with Kenya
Jordan’s Cabinet approved signing an income tax treaty with Kenya on 19 October 2024. This treaty, a first between the two nations, will require signing and ratification before it becomes effective. The tax treaty aims to eliminate double
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UN Tax Committee: Tax, Trade and Investment Agreements
On 17 October the UN Tax Committee discussed issues around the interaction of tax, trade and investment agreements. Guidance on tax and investment agreements Following the presentation of draft guidance on the relationship of tax and
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Peru, Spain to resume tax treaty talks next year
Peru and Spain will resume income tax treaty negotiations in March 2025, as announced by Luis Ibérico, Peruvian ambassador to Spain. during an event on 15 October 2024. An income tax treaty was signed in 2006, but it was never
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France activates MFN clause in tax treaty with Latvia
The French tax authority issued a notice on 16 October 2014, regarding the implementation of the most favoured nation (MFN) clause in the 1997 tax treaty with Latvia. This convention, signed in Paris on 14 April 1997, includes a most-favoured
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Brazil, Iceland sign tax treaty
Brazil and Iceland have signed a new tax treaty on 14 October 2024. The agreement will introduce several key provisions, including a principal purpose test and a limitation on benefits clause. It also addresses fiscally transparent entities,
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Luxembourg, Oman sign first income tax treaty
Luxembourg and Oman have signed an income tax treaty on 17 October 2024. HE Sheikh Dr Abdullah bin Salem al Harthy, Oman's Ambassador to Luxembourg, signed the agreement on behalf of Oman, and HE Gilles Worth, Luxembourg's Minister of Finance,
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