Bulgaria, Pakistan sign avoidance of Double Taxation Agreement
On 26th of April 2017, Pakistan and Bulgaria signed an Agreement on Avoidance of Double Taxation (DTA) and prevention of fiscal evasion with regard to taxes on Income after the conclusion of second round of negotiations in Islamabad. It will also
See MoreLatvia: Government sign a Protocol to amend the double tax agreement
The government signed a Protocol amending the Agreement for the Avoidance of Double Taxation with Singapore on 20 April 2017. The signing took place in Washington D.C. between Senior Minister of State for Finance and Law, Ms Indranee Rajah, and
See MoreNegotiations to update DTA between Japan and Spain
Japan’s Ministry of Finance announced on 24 April 2017, that the governments of Japan and Spain will begin negotiations to amend their existing tax treaty (1974) for the Avoidance of Double Taxation with respect to Taxes on Income. The first
See MorePakistan and Hungary sign an agreement to promote economic cooperation
On 11 April 207, Pakistan and Hungary signed an agreement in Islamabad to enhance economic cooperation and trade ties in various areas including machine industry, electronics industry, food and agriculture, water management, environmental and energy
See MoreUkraine: Parliament ratifies the double tax treaty with Malta
The Parliament of Ukraine on 13 April 2017 ratified the income and capital tax treaty with Malta. The Convention and the protocol to it were signed by the Government of Ukraine and the Government of Malta in September 2013. Under the provisions of
See MoreBangladesh signs DTA with Bhutan
On 18 April 2017, the Double Taxation Agreement (DTA) between Bangladesh and Bhutan was signed in
See MoreAndorra approves DTA with UAE
On 20 April 2017, the general council of Andorra approved the Double Taxation Agreement (DTA) with United Arab Emirates for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on
See MoreGermany: Issues new procedure for non-residents regarding reimbursement of the withholding tax
Recently, the tax administration published an updated guidance on the tax refund procedure for non-residents to claim a 15% refund of withholding tax on portfolio dividends. According to the new procedure, as from 1 January 2017, the income from
See MoreSouth Africa-Grenada TIEA enters into force
The Tax Information Exchange Agreement (TIEA) between South Africa and Grenada entered into force on 10 March 2017, following publication in the Official Gazette of the Republic of South Africa on 13 April 2017. The agreement provides for the
See MoreRussia: Negotiations to update DTA with Japan
Russian and Japanese government agents met in Tokyo to begin negotiations on updating their double tax agreement on 27 March 2017. The announcement which notified the beginning of talks with the Japanese Ministry of Finance did not set out what
See MoreUkraine: President sign the law to ratify income tax treaty with Luxembourg
The Ukrainian President signed a law to ratify the income tax treaty with Luxembourg on 3 April 2017. The Convention between two states was signed as long ago as on 6 September 1997, but has not been ratified until now. On 30 September 2016, parties
See MoreRomania approves DTA with China
On 10 April 2017, the Senate of Romania approved the Double Taxation Agreement (DTA) with China for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on
See MoreHong Kong: Government signed AEOI agreement with Portugal and South Africa
The government of Hong Kong has signed agreements with Portugal and South Africa for conducting automatic exchange of financial account information in tax matters (AEOI). A Government spokesman said on 03 April 2017 that they have been seeking to
See MoreSingapore signs new Double Tax Treaty with Ghana
Singapore and Ghana signed a double tax agreement on 31 March 2017. The treaty provides clarification to the taxing rights of both countries on all types of income flows arising from cross-border business activities, and provides provision to
See MoreBelgium, Moldova amending protocol to DTA signs
On 30 March 2017, Belgium and Moldova signed an amending protocol to Double Taxation Agreement (DTA) for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in Brussels. Once in force, the 2008
See MoreUK drops Double Taxation Treaties (Developing Countries) Bill 2016-17
On 24 March 2017, the second reading debate for the Double Taxation Treaties (Developing Countries) Bill 2016-17 was expected to resume. However, the order was not moved so the bill has effectively been dropped by its sponsoring MP and will not
See MoreAndorra, Italy EOI Agreement enters into force
On 27 March 2017, the Exchange of Information (EOI) Agreement between Andorra and Italy was entered into force. The agreement generally applies from 27 March 2017 for criminal tax issues and from 1 January 2018 for all other tax
See MoreAndorra, Portugal DTA enters into force
On 23 April 2017, the Double Taxation Agreement (DTA) between Andorra and Portugal will enter into force for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. The treaty generally applies from 1
See More