Cyprus, Curacao sign income tax treaty
The Cyprus Ministry of Finance has signed an income tax treaty with Curacao on 23 April 2025. The agreement aims to eliminate double taxation on income and prevent fiscal evasion between the two nations. The agreement is based on the OECD Model
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Thailand, Bhutan sign free trade agreement
Prime Minister Paetongtarn Shinawatra of Thailand and Prime Minister Dasho Tshering Tobgay of Bhutan witnessed the signing of a Free Trade Agreement (FTA) between their countries. The ceremony took place at the Thai Khu Fah Building, Government
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Bahrain ratifies income tax treaty with Guernsey
Bahrain approved the law for the ratification of the income tax treaty with Guernsey on 23 April 2025. The treaty was signed 29 September 2024, is the first of its kind between the two jurisdictions. It will take effect 30 days after the exchange
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Japan: Upper House of Parliament approves new income tax treaty with Armenia
Japan’s Upper House of Parliament (House of Councilors-Diet) approved the new income tax treaty with Armenia on 23 April 2025. This new agreement replaced the 1986 tax treaty between Japan and the former Soviet Union. It aims to eliminate
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Saudi Arabia approves signing of tax treaties with Bahrain, Croatia, Kuwait
The Saudi Arabian Council of Ministers approved the signing of an income tax treaty with Bahrain and the approval of tax treaties with Croatia and Kuwait on 22 April 2025. The treaty with Bahrain aims to address double taxation and promote
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Turkey approves trade and economic cooperation agreement with Maldives
The President of Türkiye approved the trade and economic cooperation agreement with the Maldives on 22 April 2025,, which was signed on 27 November 2023 in Ankara. The approval was made through Decision No. 9755, published in Official Gazette No.
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Brazil: Senate approves tax treaty protocol with Sweden
Brazil’s Senate approved the ratification of the amending protocol to the 1975 income tax treaty with Sweden on 23 April 2025. Signed on 19 March 2019, the protocol updates the treaty to meet minimum BEPS standards and introduces other changes.
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San Marino ratifies tax treaty with Kuwait
San Marino's Parliament approved the ratification of the income and capital tax treaty with Kuwait on 22 April 2025. The treaty will come into effect once the instruments of ratification are exchanged and will be applicable from 1 January of the
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Belgium ratifies amending protocol to tax treaty with Vietnam
Belgium has ratified the protocol to the 1996 income and capital tax treaty with Vietnam through Decree of 24 March 2025. The agreement aims to prevent double taxation and curb fiscal evasion, and ensure fair taxation on income and capital in
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Vietnam, Greece negotiating income tax treaty
On 14 April 2025, Vietnam’s Ambassador to Greece, Pham Thi Thu Huong, announced in an interview that Vietnam and Greece are actively negotiating their first bilateral income tax treaty. Negotiations are ongoing for agreements on maritime
See MoreTurkey, Syria to negotiate new tax treaty
Turkey’s Ministry of Trade has announced that officials from Turkey and Syria met in Damascus to address bilateral matters, including plans to negotiate a new income tax treaty on 23 April 2025. Turkish Minister of Trade Ömer Bolat and his
See MoreTajikistan approves ratification of amended tax treaty with Kuwait
Tajikistan's lower house of the Supreme Assembly approved the law for the ratification of the income and capital tax treaty with Kuwait on 16 April 2025. Earlier, Tajikistan and Kuwait signed an amending protocol to revise the Kuwait-Tajikistan
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Romania: Government approves tax treaty with UK
The Romanian government has approved the 2024 Romania–United Kingdom income tax treaty on 16 April 2025. The agreement will come into force once the ratification instruments have been exchanged. Upon becoming effective, it will supersede the
See MoreBrazil approves protocol amending tax treaty with Chile
Brazil's Lower House (Chamber of Deputies) approved the protocol amending the 2001 Brazil–Chile income tax treaty on 16 April 2025. The protocol was signed on 3 March 2022 and adopted through Draft Legislative Decree No. 722/2024. A tax
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UAE: Cabinet of Ministers approves tax treaty with Russia
The UAE Cabinet of Ministers approved the income and capital tax treaty with Russia on 14 April 2025. Earlier, representatives from Russia and the UAE have signed a new income and capital tax treaty on 17 February 2025. The treaty will come
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Peru and Switzerland conclude tax treaty protocol negotiations
Peru and Switzerland initialled a protocol to amend their 2012 tax treaty on 16 April 2025. The protocol, aimed at aligning the agreement with OECD BEPS standards, marks the first modification to the treaty. It will require formal signing and
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Liechtenstein: Government approves tax treaty with Ireland
The Liechtenstein government has approved the ratification of the income and capital tax treaty with Ireland on 15 April 2025. Earlier, the Liechtenstein government issued a release announcing that Prime Minister Daniel Risch and Ambassador Aoife
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Azerbaijan, Cambodia begin talks on double taxation agreement
The first round of negotiations on a draft agreement to eliminate double taxation and prevent tax evasion between Azerbaijan and Cambodia took place in Phnom Penh, Cambodia. This announcement was made by Azerbaijan's State Tax Service (STS) on 14
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