Russia and Abkhazia sign tax treaty
Russia and Abkhazia took a significant step towards economic cooperation by signing an income tax treaty, on 7 May, 2024, marking the agreement as a first between the two regions. The treaty, once ratified, will prevent double taxation and
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Tax Treaty between Estonia and Pakistan comes into effect
The income tax treaty between Estonia and Pakistan officially entered into force on 30 April, 2024, marking a significant milestone in bilateral economic relations. Signed on 20 November, 2023, this historic agreement is the first of its kind
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Slovenia & Armenia update tax treaty to combat profit shifting
Slovenia's Ministry of Finance has released an updated tax treaty with Armenia, incorporating provisions from the Multilateral Convention (MLI) to combat tax avoidance. This revised agreement aims to close loopholes and prevent companies from
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Netherlands approves amending protocol to income tax treaty with Germany
The Dutch Council of Ministers, on 8 May, 2024, granted approval to amending protocol to the 2012 income tax treaty with Germany. This protocol aims to enhance the tax treatment of individuals working remotely across borders. The treaty will
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Hong Kong and Venezuela conclude initial round of tax treaty talks
According to an update from the Hong Kong Inland Revenue Department, representatives from Hong Kong and Venezuela have concluded the initial rounds of talks for an income tax treaty on 10 May, 2024. This treaty, if finalised, signed, and
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Bangladesh and Thailand set sight on FTA in 2024
Bangladesh and Thailand have set their sights on a Free Trade Agreement (FTA) by the end of 2024, according to a joint announcement following a meeting in Bangkok on 26 April, 2024. Thai Prime Minister Srettha Thavisin, at the joint press
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Turkey and Zambia initiate talks on income tax treaty for mutual investment stability
The Revenue Administration of Turkey has stated that delegates from Turkey and Zambia convened for the inaugural round of negotiations for an income tax treaty from 23 - 25 April, 2024. If the entire agreement is signed and comes into force, it will
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Kenya seeks public comments on proposed income tax treaty with Belarus
On 8 April 2024, the National Treasury of Kenya published a public notice seeking comments on a proposed agreement for income tax between Kenya and Belarus from the public. The national treasury of Kenya organised the process on behalf of the
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UN: Ad Hoc Committee on Framework Convention Discusses Substantive Elements
UN Resolution 78/230 of 22 December 2023 established an ad hoc intergovernmental committee to draft terms of reference for a UN framework convention on international tax cooperation. The first session of the ad hoc committee is being held between 26
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Bangladesh, Qatar sign income tax treaty
Bangladesh and Qatar concluded their income tax treaty on 23 April 2024. Bangladesh’s income tax, including any applicable surcharge, and Qatar’s income tax and corporate tax are both encompassed under the treaty. Double taxation relief To
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UN: Tax Committee Discusses a New Combined Treaty Article on Services
The 28th session of the UN Committee of Experts on International Cooperation in Tax Matters is being held from 19 to 22 March 2024. The digital economy subcommittee in its workstream B has been considering the function and relevance of physical
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UN: Tax Committee Discusses Extractive Industry Tax and Other Issues Â
The 28th session of the UN Committee of Experts on International Cooperation in Tax Matters is being held from 19 to 22 March 2024. The meeting is taking place in a global situation of inequality, as countries deal with challenges from increased
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UN: Conference of African Ministers Discusses Domestic Resource Mobilisation
The fifty-sixth session of the UN Economic Commission for Africa (UNECA) Conference of African Ministers of Finance, Planning and Economic Development was held from 28 February to 5 March 2024 in Zimbabwe. The theme of the conference was on
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Netherlands: New income tax treaty signed with Bangladesh
On 12 March 2024, the Netherlands State Secretary for Tax Affairs Van Rij and Minister Abdul Hassan Mahmood Ali of Bangladesh signed a new bilateral tax treaty in Dhaka. This income tax treaty aims to avoid double taxation and further Dutch and
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OECD: Report on the Simplified and Streamlined Approach Under Amount B
On 19 February 2024 the OECD/G20 Inclusive Framework released the report on Amount B of Pillar One, following a previous consultation. The report sets out how jurisdictions can choose to apply the simplified and streamlined approach to qualifying
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On 13 February 2024 UNCTAD released a guide with the title Double taxation treaties: What investment policymakers need to know. The guide deals with the aspects of double tax treaties that are important for investment policymakers to understand, and
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Tax Treaty Brief: February 2024
France and Moldova On 25 January 2024, the French lower house of parliament approved the Double Taxation Agreement (DTA) with Moldova. Rwanda and Jordan On 25 January 2024, the Rwandan Cabinet gave its approval to the draft law for
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US issues revised report on international tax proposals addressing profit shifting pillars 1 and 2Â
On 31 January 2024, the U.S. Congressional Research Services (CRS) published the revised "In Focus" report on International Tax Proposals Addressing Profit Shifting: Pillars 1 and 2. On June 5, 2021, finance ministers of the Group of 7 (G7)
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