Romania, Andorra sign income tax treaty
Romania and Andorra signed an income tax treaty on 27 September 2024. This treaty, the first between the two nations, aims to prevent double taxation. It will take effect once the ratification instruments are exchanged. Andorra has established
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Kuwait ratifies tax treaty with Iraq, amending treaty protocol with South Africa and Switzerland
Kuwait ratified income tax treaty with Iraq and amending protocol to the treaty with South Africa and Switzerland on 18 September 2024, published in Official Gazette No. 1705 on 22 September 2024. The income and capital tax treaty with Iraq was
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Botswana, Estonia sign income tax treaty
Officials of Botswana and Estonia have signed an income tax treaty on 25 September 2024. Earlier, Estonia’s government has approved signing a draft income tax treaty with Botswana on 4 July, 2024. The tax treaty seeks to eliminate double
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Luxembourg approves income, capital tax treaty with Montenegro
Luxembourg's Council of State approved the draft law for the ratification of the income and capital tax treaty with Montenegro on 24 September 2024. The treaty, signed on 29 January 2024 in Luxembourg, establishes tax rates for dividends,
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Uruguay ratifies income, capital tax treaty with Colombia
Uruguay ratified the income and capital tax treaty with Colombia through Law No. 20367 on 23 September 2024, the news was reported on Uruguayan parliament's website, The treaty was signed 19 November 2021, in Bogotá, Colombia. Both countries
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Philippines ratifies FTA with Korea (Rep.)
The Philippine Senate announced that it has ratified the free trade agreement (FTA) with South Korea on 23 September 2024. This follows after the Philippines and South Korea signed the FTA on 7 September 2023. Under the FTA, South Korea will
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Kuwait ratifies tax treaty with Iraq
Kuwait ratified the income and capital tax treaty with Iraq on 18 September 2024. The agreement aims to eliminate double taxation, curb tax evasion, and strengthen economic ties between the two nations. Article 1 of the agreement specifies that
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Switzerland ratifies tax treaty protocol with Serbia
The Swiss National Council (lower house of parliament) approved the ratification of the protocol to the 2005 tax treaty with Serbia on Wednesday, 25 September 2024. The DTA was concluded at a time when Serbia and Montenegro still formed a single
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Turkey, Hong Kong sign income tax treaty
Turkey's Revenue Administration announced that Turkey and Hong Kong have signed an income tax treaty on 24 September 2024. The agreement was signed by Bekir Bayrakdar, Director, Revenue Administration, on behalf of Turkey and Christopher Hui,
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Uruguay, US ratify exchange of information agreement
Uruguay has ratified the US-Uruguay Exchange of Information Agreement (2023) through Law No. 20351. The legislation is currently pending publication in the Official Gazette. Signed on 24 October 2023, under the agreement Uruguay and the US will
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Singapore, Kenya sign income tax treaty
Singapore’s government announced signing a new income tax treaty (DTA) with Kenya on 24 September 2024. This new DTA replaces the previous agreement signed on 12 June 2018 which never entered into force. The agreement establishes a 10%
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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
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Singapore, 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
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US: 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
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Australia, 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,
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Estonia 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
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Greece 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
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Kenya 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
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