OECD: Draft 2017 updates to the Model Tax Convention
On 11 July 2017 the OECD issued the draft 2017 update of the OECD Model Tax Convention. The changes are to be submitted later in 2017 for approval by the Committee on Fiscal Affairs and the OECD Council. Some parts of the update relate to the
See MoreSwitzerland and France resolve tax information exchange cases
According to a statement by the Swiss Federal Council, Switzerland and France have resolved a number of questions concerning the exchange of tax data. The statement confirmed that the authorities had succeeded in agreeing on common solutions. The
See MoreBangladesh concludes DTA negotiations with Maldives
The officials from Bangladesh and the Maldives have concluded negotiations for Double Taxation Agreement (DTA) that was held in Malé from 3 to 6
See MoreCanada agrees to start FTA with EU
The Prime Minister, Justin Trudeau, announces that Canada agreed to commence operation of the Free Trade Agreement with the European Union (EU) on September 21, 2017. The commencement of the Comprehensive Economic and Trade Agreement (CETA) had been
See MoreMorocco: Council of Ministers approve protocol to DTA with Bahrain
The amending protocol of the Income Tax Agreement between Morocco and Bahrain was approved on 25th of June 2017 by the Moroccan Council of Ministers. This treaty was signed on 22nd of April
See MoreMorocco: Council of Ministers approve DTA with Ethiopia
The Income Tax Agreement of 2016 between Morocco and Ethiopia was approved on June 25, 2017 by the Council of Ministers of Morocco. The agreement provides for the avoidance of double taxation by way of a tax credit or
See MoreMorocco: Council of Ministers approve DTA with Ghana
The Income Tax Treaty of 2017 between Morocco and Ghana was approved on June 25, 2017 by the Council of Ministers of Morocco. The treaty provides for the avoidance of double taxation and the allocation of taxing rights over various categories of
See MorePakistan signs Multilateral Competent Authority Agreement
On 22 June 2017, Pakistan’s Ministry of Finance signed the Multilateral Competent Authority Agreement (MCAA) on the automatic exchange of Country-by-Country (CbC) reports. The signing took place at a ceremony held during the third meeting of the
See MoreJapan: DTA with Latvia entered into force
The Japanese Ministry of Finance issued a press release on 5 July 2017, announcing that the exchange of diplomatic notes between the Government of Japan and the Government of the Republic of Latvia for entry into force of the Convention between
See MoreAustria: DTA with Israel approved
The Austrian National Council on 29 June 2017, approved the Double Taxation Agreement (DTA) with Israel for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. Once in force and effective, the
See MoreColombia signs MCAA
On 22 June 2017, Colombia signed the Multilateral Competent Authority Agreement (MCAA) on the automatic exchange of Country-by-Country (CbC) reports. The signing ceremony took place during the 3rd meeting of the inclusive framework on BEPS on
See MoreDTA Negotiation between China and Norway underway
On 7 July 2017, the Finance Ministers of China and Norway met in Hamburg in the margins of the G20 Summit. The ministers discussed the global economic situation and the strong economic links between the two countries. The ministers also recognized
See MoreMorocco: Council Ministers approves DTA with Madagascar
The Council Ministers of Morocco has approved the Income Tax Agreement on 25th of June 2017 between Morocco and
See MoreMorocco: Council of Ministers approve DTA with Rwanda
The Income Tax Agreement of 2016 between Morocco and Rwanda was approved on June 25, 2017 by the Council of Ministers of Morocco. the agreement provides for the avoidance of double taxation of income by means of a tax credit or
See MoreMorocco: Council of Ministers approve DTA with South Sudan
The Income Tax Treaty between Morocco and South Sudan was approved on June 25, 2017 by the Council of Ministers of Morocco. The treaty provides for the avoidance of double
See MoreNamibia authorizes to negotiate the DTA with Zimbabwe
The Namibian cabinet has authorized to negotiate the Double Taxation Agreement (DTA) with Zimbabwe for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on
See MoreNew Zealand updates TIEAs with 6 countries
Inland Revenue of New Zealand has updated tax information exchange agreements (TIEAs) with the following jurisdictions: Agreement with Entered into force Applies Anguilla 6-Jan-17 1-Apr-17 Bahamas 10-Jan-17 10-Jan-17 British Virgin
See MoreGermany, Aruba signs TIEA
On 29 June 2017, Germany and Aruba signed a tax information exchange agreement (TIEA). This Agreement provides the effective exchange of information regarding tax matters between the tax authorities including automatic exchange of information which
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