EFTA,Thailand conclude negotiations for FTA
Representatives from the EFTA States (Iceland, Liechtenstein, Norway and Switzerland) Thailand met online to conclude negotiations towards a free trade agreement (FTA) on 29 November 2024, according to a release. Karin Büchel, Head of the Free
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Kyrgyzstan, Korea(Rep.) sign multiple agreements to strengthen bilateral cooperation
An amending protocol to the 2012 income and capital tax treaty between Kyrgyzstan and Korea (Rep.) was signed on 3 December 2024. The announcement was made in a release from the President of Kyrgyzstan. Earlier, Kyrgyzstan’s Cabinet of
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Argentina, Slovenia consider signing income tax treaty
In a LinkedIn post, Slovenia’s Minister of Finance, Klemen Boštjančič, stated that officials from Argentina and Slovenia convened recently to negotiate an income and capital tax treaty between the two countries. Double tax treaties (DTTs)
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Canada suspends tax treaty with Russia
Canada has provided a formal notice to Russia, on 18 November 2024, to confirm the suspension of the Agreement Between the Government of Canada and the Government of the Russian Federation for the Avoidance of Double Taxation and the Prevention of
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Belgium, Liechtenstein conclude tax treaty negotiations
Belgium and Liechtenstein officials have concluded negotiations for a possible income and capital tax treaty on 27 November 2024. If a treaty results from the negotiations, it will be the first between the two countries. Any resulting
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Australia: Treasury consults tax treaty with Portugal
Australia’s Department of the Treasury, in a release, announced a public consultation regarding the draft legislation introducing a tax treaty with Portugal on 3 December 2024. The proposed legislation aims to eliminate double taxation and
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Kyrgyzstan approves amending protocol to 2012 tax treaty with Korea(Rep.)
Kyrgyzstan's Cabinet of Ministers has authorised the Minister of Economy and Commerce to sign an amendment protocol to the 2012 income and capital tax treaty with Korea (Rep.) on 19 November 2024. This protocol represents the first amendment to
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San Marino: Parliament approves tax treaty with Lithuania
San Marino's parliament ratified the income and capital tax treaty with Lithuania on 25 November 2024. Earlier, Officials from Lithuania and San Marino had finalised an income tax treaty on 17 May, 2024. This agreement, a first between the two
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Russia, Abkhazia income tax treaty enters into force
The tax treaty between Abkhazia and Russia enters into force on 28 November 2024. This agreement will become effective for withholding and other taxes starting from 1 January 2025. It establishes a 10% withholding tax rate on dividends and
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Brazil: Chamber of Deputies approve tax treaty with Norway, amending protocol with Sweden
The Brazilian Chamber of Deputies approved an amending protocol with Sweden on 26 November and a tax treaty with Norway on 27 November. Signed on 4 November 2022, the agreement with Norway aims at avoiding double taxation of income and
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Hungary, US: CbCR agreement comes into force
The Hungary-United States Agreement on the Automatic Exchange of Country-by-Country Reports (CbCR) (2024) came into effect on 25 November 2024. The newly approved agreement will succeed the 2018 IGA which ended on 8 January 2023. Earlier,
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Armenia approves FTA between EAEU, Iran
Armenia’s President has signed a law for the ratification of the free trade agreement (FTA) between the Eurasian Economic Union (EAEU) (Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia) and Iran on 27 November 2024. The Armenian National
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Moldova: Parliament approves tax treaty protocol with Slovak Republic
Moldova’s parliament has passed a draft law for ratification of the amending protocol to the 2003 income and capital tax treaty with Moldova on 28 November 2024. The tax treaty between the Slovak Republic and Moldova shall prevent double
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Vietnam, Armenia confirm intent to sign tax treaty
The government of Vietnam announced – on 19 November 2024, during a meeting between officials from Armenia and Vietnam at Hanoi – that both countries confirmed their intention to sign a tax treaty. At the National Assembly House, right after
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Finland: Ministry of Finance gazettes MLI application of Azerbaijan-Finland tax treaty
The Finnish Ministry of Finance published Statement No. 107/2024 in the official gazette concerning the application of the MLI to the Income and Capital Tax Treaty between Azerbaijan and Finland (2005) on 22 November 2024. The agreement between
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Moldova ratifies amending protocol to tax treaty with Luxembourg
Moldova issued Decree No. 1653 on 20 November 2024, which was published in the Official Gazette on 26 November 2024, enacting the law to ratify the amending protocol to the 2007 income and capital tax treaty with Luxembourg. Earlier, the protocol
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Luxembourg: Chamber of Deputies approve income and capital tax treaty with Montenegro
Luxembourg's Chamber of Deputies approved the draft law to ratify the income and capital tax treaty with Montenegro on 21 November 2024. Earlier, Luxembourg’s Council of State approved the draft law for the ratification of the income and
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Philippines plans to revise tax treaties with Indonesia, Malaysia, Singapore
The Philippines government is reportedly planning to enter into negotiations to revise the 1981 tax treaty with Indonesia, the 1982 tax treaty with Malaysia, and the 1977 tax treaty with Singapore. The agreement between the Philippines and
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