Spain: Cabinet Ratifies The Double Tax Treaty With Uzbekistan
The Cabinet has approved an Agreement, on December 26, 204, establishing referral to Parliament the Convention between the Kingdom of Spain and the Republic of Uzbekistan has to avoid double taxation and prevention of fiscal evasion with respect to
See MoreGCC: Free Trade Agreement With Singapore Enters Into Force
Gulf Cooperation Council's (GCC) Free Trade Agreement (FTA) with Singapore has entered into force on January 01, 2015. The GCC comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates and Singapore jointly announced the
See MoreBelgium – Saudi Arabia Double Tax Agreement initials
In accordance with an update from the Saudi tax authority on 29th December 2014, Saudi Arabia and Belgium has recently initialed a Double Tax Agreement (DTA) after the second round of negotiations towards a
See MoreUS: IRS Updates Withholding of Tax on Nonresident Aliens And Foreign Entities
The US IRS has updated publication 515 regarding withholding of tax on nonresident aliens and foreign entities. The Publication is for withholding agents who pay income to foreign persons, including nonresident aliens, foreign corporations, foreign
See MoreCzech Republic-US FATCA agreement enters into force
The Foreign Account Tax Compliance Act (FATCA) Model 1A agreement (2014) between Czech Republic and United States has entered into force on 18th December 2014. Further detail of this treaty will be reported
See MoreTaiwan: Income tax treaty with Austria enters into force
The Double Tax Agreement (DTA) between Taiwan and Austria entered into force on 20 December 2014. Most of the treaty articles are applied from 1 January 2015. The agreement was signed on 12 July 2014. Under the provisions of the treaty the
See MoreCyprus: Double Tax Agreements With Spain And Norway Come Into Effect
Cyprus's double tax treaties with Spain and Norway come into effect as of January 1, 2015. All of the new treaties concluded by Cyprus are generally based on the Organisation for Economic Co-operation and Development (OECD) Model Tax Convention
See MoreCanada-Korea (Rep.) Free Trade Agreement enters into force
The Free Trade Agreement (FTA) between Canada and Korea (Rep.) has entered into force on 1st January 2015 and signed on 22nd September 2014. South Korea has automatically removed duties on 81.9% of tariff lines from 1st January
See MoreChina: Proposes FTA with Bangladesh
China has offered to sign an FTA with Bangladesh to boost trade between both countries and cut the trade gap. This offer was made at the bilateral talks between both countries at the Foreign Ministry. “China wants to begin negotiations on a
See MoreBrazil & Norway: Protocol to DTA ratified by Norway
The protocol to Income and Capital Tax Treaty (1980) between Brazil and Norway has signed on 20 February 2014 and it has been ratified by Norway. Further details will be reported when they are
See MoreNorway & Bulgaria: DTA ratified by Norway
Norway has ratified the Bulgaria - Norway Income Tax Treaty of 2014 on 4 December 2014. The new treaty will replace the Bulgaria - Norway Income and Capital Tax Treaty (1988) as soon as it enters into force and is effective in both
See MoreItaly & Mexico: Amended protocol to DTA approved by Italian Parliament
The Italian Parliament has approved the amended protocol to the Italy - Mexico Income Tax Treaty of 1991 on 18 December 2014 and it was signed on 23 June 2011. Further details will reported
See MoreDTA between Estonia & Luxembourg approved by Estonia
Estonia approved the Income and Capital Tax Treaty with Luxembourg on 8 December 2014. Once in force and effective, the new treaty will replace the tax treaty between Estonia and Luxembourg signed in 2006. Estonia and Luxembourg signed this new
See MoreKorea signs new Double Taxation Agreement (DTA) with Brunei
The Republic of Korea signed a double taxation agreement (DTA) with Brunei on December 9, 2014. The appropriate legal ratification procedures will need to be completed before the agreement enters into
See MoreDenmark & Ghana DTA ratified by Denmark
The Danish government ratified the Denmark-Ghana Double Tax Treaty (DTA) on 19 December 2014, which was signed on March 24, 2014. Further details of the treaty will be reported
See MoreTIEA between Indonesia and Bermuda ratified by Indonesia
Indonesia has ratified its Tax Information Exchange Agreements (TIEA) with Bermuda and it was published in the official gazette on September 12,
See MoreCanada & UK: Protocol to DTA entered into force
The amending protocol of the Income Tax Treaty (1978) between Canada and United Kingdom has entered into force on 18th December 2014 that was signed on 21st July 2014. The protocol usually applies from the following dates: Canada 1st January
See MoreExchange of Information on Taxation between Indonesia and Singapore
In a meeting on 15 December 2014, Singapore Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam and Indonesia’s Finance Minister Bambang Brodjonegoro noted the excellent cooperation enjoyed by both the Indonesian and Singapore
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