Switzerland parliament ratifies tax treaty protocol with France
The Swiss Council of States (the upper house of parliament) announced that it ratified the pending protocol to the 1966 income and capital tax treaty with France on 30 May, 2024. The Switzerland-France protocol was first signed on 27 June, 2023,
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Slovak Republic consults amending 2003 tax treaty protocol with Moldova
The Slovak Republic launched a public consultation on 30 May, 2024, regarding amending a protocol to the 2003 tax treaty with the Republic of Moldova. The protocol aims to align the treaty with BEPS and other OECD standards and prevent double
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China, Peru advances tax treaty negotiations
The Peruvian-Chinese Chamber of Commerce announced that China and Peru have completed the first round of negotiations for an income tax treaty on 31 May, 2024. This treaty aims to avoid double taxation and prevent tax evasion, enhancing economic
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Bulgaria signs AEOI agreement with USA
The Bulgarian Ministry of Finance announced, on 30 May 2024, the signing of an agreement with the United States for the automatic exchange of information (AEOI). Lyudmila Petkova, Deputy Prime Minister and Minister of Finance, Bulgaria, alongside
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Turkey ratifies treaty with Korea (Rep.)
Turkish President Recep Tayyip Erdoğan signed the decision to ratify a new income tax treaty with South Korea on 31 May, 2024. The treaty was made to prevent double taxation in taxes on income and to prevent tax evasion and tax
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Estonia approves income tax treaty with Qatar
Estonia approved the income tax treaty with Qatar on Thursday, 30 May, 2024. The treaty will enhance the tax cooperation between the two nations and will come into force once ratification instruments are exchanged. The tax treaty aims to
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Canada releases revised FATCA and CRS guidance
The Canada Revenue Agency (CRA) revised the guidance under the FATCA and Common Reporting Standard (CRS) regimes on 5 April, 2024. The updated guidance specifies that Canadian financial institutions must obtain the Global Intermediary Identification
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Malaysia, Russia releases tax treaty updates
Malaysia and Russia signed a new income tax treaty on 17 May, 2024, which replaced the 1987 tax treaty between the two countries. As of now, the main measures of this new agreement are as follows: Scope of the taxes The tax treaty includes
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Qatar, UAE sign tax treaty
The Qatar News Agency, in a press release, said that Qatar and the United Arab Emirates signed an income tax treaty on Thursday, 30 May 2024. This treaty is the first between the two Persian Gulf monarchies. The agreement aims to eliminate double
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Oman, Ireland sign tax treaty
Officials from Ireland and Oman signed an income tax treaty on 30 May, 2024, marking the first agreement of its kind between the two nations. The agreement was signed by Nasser Khamis Al Jashmi, Chairman of the Tax Authority, and Gerard
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France ends tax treaties with Burkina Faso, Mali, Niger
The French National Assembly recently confirmed that tax treaties with Burkina Faso, Mali, and Niger have ceased to apply. The 1965 treaty with Burkina Faso ended in France on 8 November, 2023, aligning with its termination in Burkina
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Qatar, Saudi Arabia sign tax treaty
Qatar and Saudi Arabia signed an income tax treaty on Thursday, 30 May, 2024. The treaty, which is a first of its kind between the two Gulf monarchies, aims to eliminate double taxation, prevention as well as avoidance of tax evasion, promote
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Czech Republic: Parliament passes pending tax treaty with Montenegro
The Czech Republic Senate announced on Wednesday, 29 May, 2024, that it has completed the ratification of the pending income tax treaty with Montenegro. First signed on 20 February, 2024, the income tax treaty will go into force starting 1
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Costa Rica, Iceland TIEA goes into effect
The tax information exchange agreement (TIEA) between Costa Rica and Iceland took effect on 10 September, 2023. Applicable to criminal tax matters from the date it went into force, the agreement extended to other matters starting 1 January,
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Slovak Republic, Moldova to sign tax treaty amendment
Moldova has issued Decree No. 1457 of 23 May 2024 in the Official Gazette, authorising the signing of a protocol to amend the 2003 tax treaty with the Slovak Republic. This will be the first amendment to the treaty and must be signed and ratified
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Cambodia and France conduct second phase of tax treaty talks
Cambodian and French officials recently held a second round of negotiations for an income tax treaty from 23–25 April, 2024. If an agreement is finalised, signed, and ratified, it will be a first between the two
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Peru and Switzerland begin talks to revise tax treaty in accordance with OECD standards
Peru and Switzerland officials are set to commence talks on 3–6 June, 2024, aiming to amend their 2012 tax treaty in alignment with OECD BEPS
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Scholz and Macron call for urgent EU reforms to boost competitiveness
German Chancellor Olaf Scholz and French President Emmanuel Macron, in a joint Financial Times op-ed, urged the European Union to undertake reforms to enhance competitiveness and secure its way of life. They emphasised the need for decarbonising
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