Latvia, Andorra sign income tax treaty
Andorra’s government announced that it signed an income and capital tax treaty with Latvia on Saturday, 21 September 2024. Andorra’s Foreign Minister, Imma Tor, and Latvia's Minister for Foreign Affairs, Baiba Braze, signed the agreement in
See MoreSingapore, Rwanda sign protocol to amend tax treaty
Singapore and Rwanda have signed an amending protocol to the “Government of the Republic of Singapore and the Government of the Republic of Rwanda for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on
See MoreUS: IRS publishes updated tax treaty guidance
The US Internal Revenue Service (IRS) has published guidance for taxpayers regarding whether a tax treaty between the US and a specific country provides a reduced tax rate or possibly a total exemption from US income tax for residents of that
See MoreAustralia, UAE end CEPA negotiations
Australia and the United Arab Emirates (UAE) have ended negotiations for a comprehensive economic partnership agreement (CEPA). Australia’s Department of Foreign Affairs and Trade made the announcement on 17 September 2024. On 13 December 2023,
See MoreEstonia ratifies income tax treaty with Qatar
Estonia ratified a tax treaty with Qatar, the Act was published in the Official Gazette on 18 September 2024. It will take effect once the ratification instruments are exchanged and will apply from 1 January of the year after it comes into
See MoreGreece ratifies tax treaty with Japan
The Greek parliament approved the ratification of the income tax treaty with Japan on 18 September 2024. Signed on 1 November 2023, it is the first of its kind between the two nations. It will enter into force 30 days after the exchange of
See MoreKenya consults proposed tax treaty with Switzerland
Kenya's National Treasury has initiated a public consultation regarding the proposed income tax treaty with Switzerland, a public notice inviting comments was published on 11 September 2024. The tax treaty is aimed to prevent double taxation with
See MoreRomania suspends tax treaty with Belarus
Romania’s government approved a memorandum on 18 September 2024 suspending the 1997 income and capital tax treaty with Belarus. This decision comes in response to Belarus's suspension of specific articles of its tax treaties with 27 countries,
See MoreItaly approves income tax treaty with Libya
Italy’s Senate ratified the pending income tax treaty with Libya on 11 September 2024. Signed on 10 June 2009, this agreement is the first between the two nations, and aims to promote economic cooperation and avoid double taxation between the
See MoreArgentina, Turkey tax treaty enters into force
The income tax treaty between Argentina and Turkey came into effect on 13 September 2024. The treaty applies from 1 January 2025. Signed on 1 December 2018, this treaty is the first between the two nations. Earlier, Argentina ratified the tax
See MoreGermany, Latvia: Amending protocol to tax treaty enters into force
The updated protocol to the Germany-Latvia income and capital tax treaty came into effect on 23 June 2024, as reported by the Latvian online legal information database. The protocol, signed in Riga on 29 September 2022, will apply from 1 January
See MoreItaly reapproves tax treaty with China
The Italian Senate reapproved the law to ratify the pending tax treaty with China on 11 September 2024. First approved in 2020, this law required reapproval after a new government came into power in 2022. The income tax treaty between Italy and
See MoreMalaysia, Turkey FTA protocol enters into force
The amending protocol to the 2014 free trade agreement (FTA) between Malaysia and Turkey entered into force on 1 August 2024. The FTA covers trade in goods, including market access, rules of origin, customs procedures and facilitation, sanitary and
See MoreEstonia ratifies income tax treaty with Qatar
The Estonian parliament approved the ratification of the pending income tax treaty with Qatar on 11 September 2024. The treaty was Signed by HE Ali bin Ahmed Al Kuwari, Qatari Minister of Finance, and HE Tiit Riisalo, the Estonian Minister of
See MoreSlovak Republic, Moldova sign protocol to tax treaty
Moldovan and Slovak Republic officials convened in Bratislava to sign a protocol amending the current treaty between the two countries regarding income and property taxation. The announcement was made by The Slovak Ministry of Finance on 10
See MoreFrance clarifies suspension, termination of tax treaty with Niger
The French General Directorate of Public Finance has published guidance on the termination of the 1995 tax treaty with Niger. According to the guidance, the treaty no longer applies to income acquired on or after June 5 June 2024. The treaty
See MoreAndorra, Slovenia negotiates tax treaty
Representatives from Andorra and Slovenia convened to outline a roadmap for bilateral cooperation, which includes negotiating an income tax treaty. The announcement was made by Andorran government officials on 9 September 2024. A tax treaty is a
See MoreUS, Thailand FATCA enters into force
The US Department of the Treasury announced on 6 September 2024 that the Intergovernmental Agreement (IGA) between the US and Thailand for implementing FATCA came into effect on 28 April 2024. However, Thailand is considered to have had the IGA in
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