Chile and China sign DTA
The Double Tax Agreement (DTA) between Chile and China was signed on 25th May 2015. The treaty follows OECD guidelines. Article 5 of the treaty defines a permanent establishment and article 10, 11, 12 and 13 allocate taxing rights for dividends,
See MoreFATCA Agreement Signed between United States and South Korea
South Korea and the United States have signed a Foreign Account Tax Compliance Act (FATCA) agreement on 10 June 2015. This is a Model 1 Agreement. Under this reciprocal agreement, financial institutions in South Korea will report the information
See MoreRomania: Chamber of Deputies approves the Fiscal Code and the Fiscal Procedure Code
The Chamber of Deputies has approved on 25 June 2015 the Fiscal Code and the Fiscal Procedure Code. The new Fiscal Code includes measures important to the economy, the most important being the reduction of VAT to 19%, as Romania moves from having
See MoreWTO conducts trade review of Canada
The World Trade Organization (WTO) conducted its tenth review of trade policies and practices of Canada on 15 and 17 June 2015. The review was based on a report issued by the Canadian government and a report by the WTO Secretariat. The WTO
See MoreWTO conducts trade policy review of Chile
On 23 and 25 June 2015 the World Trade Organization (WTO) conducted a trade policy review of Chile. The review was based on a report issued by the government of Chile and a report by the WTO secretariat. The WTO notes in its report that Chile was
See MoreDTA negotiations between Croatia and Kazakhstan ongoing
Under a recent declaration made by the tax authorities of Croatia, tax treaty negotiations between Croatia and Kazakhstan are currently
See MoreUS Signs FATCA Agreement with UAE
The United States and the United Arab Emirates have signed their Foreign Account Tax Compliance Act (FATCA) intergovernmental agreement, the text of which was initialed in May last year. FATCA is intended to ensure that the US obtains information on
See MoreSouth Africa: Parliament ratified Cyprus-South Africa amending protocol
The South African parliament ratified the amending protocol between Cyprus and South Africa on May 20, 2015. The treaty was signed on 1 April 2015. The protocol modifies the Cyprus - South Africa Income and Capital Tax Treaty
See MoreSwitzerland- Cyprus: Swiss parliament approves the treaty
The Swiss parliament approved the Cyprus - Switzerland Income and Capital Tax Treaty of 2014 on 19 June
See MoreFinland: Exchange of information agreement with Botswana enters into force
The exchange of information agreement between Botswana and Finland entered into force on 16 May 2015. The agreement was signed on 20 February 2013 and generally applies from 16 May 2015 for criminal tax matters and from 1 January 2016 for other tax
See MoreFinland: Exchange of information agreement with Brunei enters into force
The exchange of information agreement between Brunei and Finland entered into force on 1 May 2015. The agreement was signed on 27 June 2012 and generally applies from 1 May 2015 for criminal tax matters and from 1 January 2016 for other tax
See MoreMauritius: Signing of MOU with South Africa
South Africa and Mauritius have signed a memorandum of understanding (MOU) on 22 May 2015. Following the signature of the MOU the revised Double Taxation Agreement between the two countries is expected to become effective from 1 January 2016. To
See MoreUK: Double taxation agreement with Kosovo
The UK signed a double taxation agreement with Kosovo on 4 June 2015. The agreement generally follows the provisions of the OECD Model. Under the agreement the withholding tax on cross-border dividends is reduced to zero, except where the dividends
See MoreSlovak Republic and Armenia: DTA signed
The Ministry of Foreign Affairs of Armenia has confirmed that a Double Tax Agreement (DTA) between Armenia and Slovakia has been signed on 15th May
See MoreChina and Russia: DTA signed
The Double Tax Agreement (DTA) between China and Russia has been signed on 8th May
See MoreDTA between Malaysia and Slovak Republic signed
A Double Tax Agreement (DTA) between Malaysia and Slovak Republic has been signed on 25th May
See MoreArgentina: New tax treaty with Chile
The governments of Argentina and Chile signed a new treaty for the Avoidance of Double Taxation with respect to Taxes on Income and on Capital and to Prevent Fiscal Evasion and Tax Avoidance in accordance with the OECD Model Convention on 15 May
See MoreFATCA Agreement Signed between United States and Romania
Romania and the United States have signed a Foreign Account Tax Compliance Act (FATCA) agreement on 28 May 2015. This is a Model 1 Agreement. Under this reciprocal agreement, Romania will report the information required under FATCA about U.S.
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