Bermuda and New Zealand activate first tax information exchange agreement
As per recent reports, Bermuda and New Zealand have officially activated their first-ever tax information exchange agreement, which came into effect on 15 December 2017. Initially signed on 16 April 2009, the agreement covers all relevant tax
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Sri Lanka to sign first income tax treaty with Austria
At a press briefing on Cabinet decisions from 2 September 2024, Sri Lanka's Cabinet announced its approval for signing an income tax treaty with Austria. According to the convention, Sri Lanka will be taxed at a rate not exceeding 10% of the
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Argentina, Vietnam negotiating income tax treaty
Argentina and Vietnam have initiated negotiations for an income tax treaty, according to various reports. The aim of establishing a double tax treaty is to eliminate double taxation and avoid tax evasion between the two countries. Both nations
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New Zealand, Austria tax treaty protocol now in effect
The amending protocol to the 2006 income and capital tax treaty between Austria and New Zealand was enacted on 29 August 2024. Signed on 12 September 2023, this protocol represents the first amendment to the treaty. The main changes are as
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Montenegro and Ukraine initial new income tax treaty to replace 2001 agreement
Montenegro and Ukraine officials reportedly concluded the second round of negotiations by initiating an income tax treaty on 28 August 2024. This agreement, which will replace the 2001 tax treaty established between Ukraine and the former
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Albania updates double taxation treaty rules
Albania's Ministry of Finance has announced Instruction No. 11 of 23 July 2024, published in the Official Gazette No. 133/2024. The new instructions came into force on 2 August 2024. The guidance introduces revised compliance procedures for
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UK to join CPTPP by 15 December’ 24
The UK Department for Business and Trade has revealed that the agreement for the UK's entry into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will take effect by 15 December 2024. The CPTPP, signed by 11
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Korea (Rep), Paraguay sign MoU on Trade and Investment Promotion Framework
Korea (Rep.) and Paraguay signed a memorandum of understanding (MoU) on the Trade and Investment Promotion Framework (TIPF) on 23 August 2024. According to the Ministry of Trade, Industry and Energy, Minister for Trade Cheong In-kyo and his
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India, Panama interested to conclude tax treaty
The General Directorate of Revenue of Panama's Ministry of Economy and Finance announced that India and Panama have shown interest in establishing a tax treaty, following a meeting between officials from both nations held at Panama on 28 August
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Ghana negotiates tax treaties with Hungary, Israel, UAE, Korea, Egypt
Ghana announced that it is negotiating to establish income tax treaties with Hungary, Israel, UAE, Korea, and Egypt. Daniel Nuer, Head of the Tax Policy Unit at Ghana's Ministry of Finance, revealed that the Ministry plans to implement
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El Salvador, Peru resumes talks for FTA
Peru’s government announced that El Salvador and Peru will restart negotiations for a free trade agreement (FTA) on 22 August 2024. This decision follows a meeting between officials from both nations in El Salvador. Both countries aim to
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Belarus, China sign FTA
Belarus and China have signed a free trade agreement – strengthening cooperation in a range of sectors including trade, security, energy and finance, in services and investments – on 22 August 2024. China is Belarus's second-largest trading
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Turkey, Zimbabwe conclude second round tax treaty negotiations
Turkey and Zimbabwe concluded a second round of negotiations for a Double Taxation Avoidance Agreement at Ankara from 19 to 22 August 2024. The announcement was made by Turkey's Revenue Administration on 22 August 2024. The negotiations were
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Denmark, Greenland sign amending protocol to tax treaty
Denmark and Greenland have signed an amending protocol to update the Denmark-Greenland Income Tax and Mutual Assistance Treaty (1979) on 19 August 2024. The announcement was made by the Danish Ministry of Taxation on 20 August 2024 The new
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Guatemala, Ukraine to continue FTA negotiations
Ukraine's Ministry of Economy announced that Guatemala and Ukraine will continue negotiations for a free trade agreement (FTA) and deepening bilateral economic cooperation on 17 August 2024. This was agreed upon in a meeting in the Dominican
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Greece, Moldova to negotiate tax treaty amendment
Moldova has authorised the negotiation of an amending protocol to the 2004 income and property tax treaty with Greece on Thursday, 22 August 2024. The authorisation – Decree No. 1591-IX of 16 August 2024 – was published in the Official
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Thailand to negotiate tax treaty with Kazakhstan
Officials from Thailand and Kazakhstan met to discuss bilateral cooperation, including the interest of Thailand's Revenue Department in reviving discussions for the negotiation of an income tax treaty, on 15 August 2024. According to the
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Curacao, Malta tax treaty enters into force in September ’24
The income tax treaty between Curacao and Malta will enter into force on Sunday, 1 September 2024. The treaty will apply from 1 January 2025. Malta utilises the credit method to eliminate double taxation. Curacao can employ either the
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