Italy: Draft law ratifying DTA with Romania approved
The Senate of Italy approved the draft law ratifying the Double Taxation Agreement (DTA) with Romania on 4 May 2017. Once in force and effective, the treaty will replace the existing DTA of
See MorePortugal: DTA with Ethiopia enters into force
The Double Taxation Agreement (DTA) between Ethiopia and Portugal entered into force on 9 April 2017. The agreement provides for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on
See MoreSaudi Arabia: DTA with Egypt approved
On 1 May 2017, the cabinet of Saudi Arabian approved the Double Taxation Agreement (DTA) with Egypt for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on
See MoreCanada: An arrangement signed with U.S. regarding the exchange of CbC Reports
The competent authorities of Canada and the United States of America (U.S.), on 7th of June 2017, signed an arrangement on the exchange of Country-by-Country Reports. The information exchanged is subject to the privacy and other provisions of the
See MoreSwitzerland signs OECD Multilateral Treaty on Double Taxation
Switzerland signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting ("Multilateral Instrument" or "MLI") on 7th June 2017 in Paris. The Convention is a key outcome of the OECD/G20 Base
See MorePakistan: Signs the Multilateral Convention to implement tax treaty related BEPS measures
On 7 June 2017, the OECD announced that Pakistan signed the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (MCAA). About 70 countries have signed this Multilateral Instrument (MLI) agreement at the
See MoreUS: Government sign an arrangement with New Zealand to exchange CbC reports
The competent authorities of New Zealand and the U.S. have concluded an arrangement on the exchange of Country-by-Country Reports. The competent authority arrangement (CAA) for exchange of country-by-country reports is on the basis of a double tax
See MoreGreece signs Multilateral Convention to Prevent Tax Avoidance, Double Taxation
The Deputy Finance Minister, Katerina Papanatsiou, signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting ("Multilateral Instrument" or "MLI"). More than 76 other countries and
See MoreCanada: DTA negotiations with Switzerland
The Finance Department of Canada has declared that negotiations to update its Double Tax Agreements (DTA) with the Swiss Confederation will be held in June 2017. The main objective of this release is to ensure that persons whose interests are
See MoreCanada: DTA negotiations with Germany
The Finance Department of Canada has declared that negotiations to update its Double Tax Agreements (DTA) with Germany will be held in June 2017. The main objective of this release is to ensure that persons whose interests are affected have an
See MoreGermany signs the Multilateral Convention to implement tax treaty related BEPS measures
Finance Minister Schäuble signed the OECD Multilateral Instrument (MLI) on 7 June 2017 in Paris. The MLI instrument represents a vital step forward in the fight against base erosion and profit shifting (BEPS) and is a remarkable consensus agreed
See MoreIndia signs the Multilateral Convention to implement tax treaty related BEPS measures
The Finance Minister, Arun Jaitley, on 7 June 2017 in Paris on behalf of India, signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting. About 70 countries at all levels of development
See MoreAustralia signs MLI to prevent tax avoidance
Australia has signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting ("Multilateral Instrument" or "MLI"). The Minister for Trade, Tourism and Investment, Mr. Steven Ciobo MP, signed
See MoreIsle of Man signs MLI to prevent tax avoidance
On 7 June 2017, the Treasury Minister of Isle of Man, Mr. Alfred Cannan MHK has signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (“Multilateral Instrument” or “MLI”) in
See MoreUK signs MLI to prevent tax avoidance
On 7 June 2017, United Kingdom has signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (“Multilateral Instrument” or “MLI”) in Paris. Total 68 countries, including
See MoreIreland signs MLI to prevent tax avoidance
On 7 June 2017, Finance Minister Mr. Michael Noonan T.D. has signed the OECD Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (“Multilateral Instrument” or “MLI”) on behalf of
See MoreSpain and Cape Verde sign double taxation agreement
Spain and Cape Verde signed a double tax agreement on 05 June 2017. The agreement provides for tax treatment appropriate to the circumstances of taxpayers carrying out activities at the international level, providing a framework of legal and fiscal
See MoreCyprus: FATCA data submission begins for 2017
The Cyprus Tax Department has notified financial institutions and their representatives that the data submission under the FATCA Intergovernmental Agreement for the year 2016 has started. This process will be performed through the Government Gateway
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