Egypt: House of Representatives approve income tax treaty with Oman
The Egyptian House of Representatives approved the ratification of the income tax treaty with Oman on 7 October 2024. Both countries apply the credit method for the elimination of double taxation. The agreement specifies that dividends,
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Lithuania terminates tax treaty with Russia
Lithuania has terminated its tax treaty with Russia on 11 October 2024, published Law No. XIV-2991 in the Official Gazette. Lithuania's Ministry of Foreign Affairs stated that the treaty will expire on 1 January 2026. Earlier, Lithuania’s
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Armenia, Japan agree to sign tax treaty
Japan and Armenia have agreed in principle on the new income tax treaty between the two countries. The announcement was made in a press release by Japan’s Ministry of Foreign Affairs on 16 October 2024. This follows after Japan announced that
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Mauritius gazettes amending protocol to tax treaty with Bangladesh
Mauritius has gazetted the amending protocol (Government Notice No. 182 of 2024) to the 2009 Double Taxation Avoidance Convention (BM DTC) with Bangladesh. The amending protocol was signed by Mauritius on 5 February 2024 and sent to Bangladesh
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Lithuania approves income, capital tax treaty with Andorra
The Lithuanian government has approved the income and capital tax treaty with Andorra on 11 September 2024.This agreement aims to eliminate double taxation on income and capital, fostering closer cooperation between the tax administrations of both
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Paraguay, Spain income tax treaty enters into force
The income tax treaty between Paraguay and Spain took effect on 14 October 2024. This agreement aims to enhance economic relations, encourage investments, and enhance bilateral cooperation in tax matters between the two countries. It seeks to
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Algeria joins mutual assistance convention to combat tax evasion
Amel Abdellatif, Tax Commissioner of Algeria signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (the Convention), as amended by the 2010 protocol, on 10 October 2024. The Convention must first be ratified
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Romania approves protocol to tax treaty with Malta
Romania’s government approved the amending protocol to the 1995 income tax treaty with Malta on 9 October 2024. Earlier, the two nations signed an amendment protocol to the original income tax treaty on 4 July 2024. The protocol aligns the
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Iraq: Council of Ministers terminate tax treaty negotiations with Croatia
Iraq’s Council of Ministers revoked its authorisation for tax treaty negotiations with Croatia on 1 October 2024. This decision nullifies earlier approvals granted under Decision No. 103 of 2023 and No. 23396 of 2023, which allowed the drafting
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Hungary, Serbia sign amending protocol to tax treaty
Hungarian and Serbian have signed an amending protocol to their income and capital tax treaty on 8 October 2024 in Budapest, as reported in a release from the Serbian Ministry of Finance on the same day. The protocol was signed by Norbert Izer,
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Argentina gets first financial data exchange from the US
Argentina’s federal tax authority (AFIP) announced that it received its first exchange of financial account information from the US on 2 October 2024. Similarly, Argentina has issued a statement stating that it sent financial information
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US: Treasury releases list of boycott countries
The US Treasury published a notice in the Federal Register regarding the current list of countries that may necessitate participation in or cooperation with an international boycott on 1 October 2024. The countries identified include Iraq,
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Iraq to negotiate income and capital tax treaty with Bulgaria
The Iraqi Council of Ministers approved the negotiation and signing of an income and capital tax treaty with Bulgaria on 1 October 2024. The council has authorised the Director General of the General Commission for Taxes to initiate discussions
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Japan, Armenia to negotiate new tax treaty
The Japanese Ministry of Foreign Affairs announced yesterday that tax treaty negotiations between Japan and Armenia are set to begin on 9 October 2024. The two nations will initiate negotiations for the new convention replacing the current tax
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Turkey ratifies FTA with Ukraine
The President of Turkey Recep Tayyip Erdogan ratified the Free Trade Agreement (FTA) with Ukraine, published in Official Gazette No. 32682 on 4 October 2024. The FTA between the two nations was signed on 3 July 2022, in Kyiv, Ukraine. It aims to
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Czech Republic ratifies tax treaty with Montenegro
Czech Republic’s President Petr Pavel enacted the law ratifying the pending income tax treaty with Montenegro on 1 October 2024. The treaty was signed by the two nations on 20 February 2024, aimed at preventing double taxation of income and
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Moldova approves tax treaty protocol with Luxembourg
According to information published on its website, the Moldovan government approved the amending protocol to the Luxembourg-Moldova Income and Capital Tax Treaty (2007) on 2 October 2024. The protocol was signed 25 June 2024 in Luxembourg. It is
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Ireland enacts double taxation relief order, ratifying protocol with Jersey
Ireland has officially enacted the Double Taxation Relief (Taxes on Income) (Jersey) Order 2024, paving the way for the ratification of a protocol to its 2009 tax treaty with Jersey. This protocol, signed on 23 November 2023, represents the first
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