Hong Kong DTAs with Qatar, Canada, Kuwait, Jersey, and Mexico
The double taxation agreements (DTAs) that Hong Kong has signed with Qatar, Canada, Kuwait, Jersey, and Mexico are to take effect in Hong Kong from April 1,
See MoreHong Kong and USA working for FATCA IGA
Hong Kong and the United States signed a tax information exchange agreement (TIEA) on March 25 2014. This will provide the legal framework within which an intergovernmental agreement (IGA) can be signed to enable the transfer of information in
See MoreFTA between Canada and South Korea
Canada and South Korea concluded a free trade agreement (FTA) in March 2014. This agreement will reduce or eliminate duties and tariffs on a number of imports and exports between the two countries. Within a three to five year time span Canada is to
See MoreUnited Kingdom and Germany sign DTA Protocol
A protocol has been signed to the double tax agreement between the UK and Germany. This protocol which was signed on 17 March 2014 includes in the agreement the latest version of Article 7 (business profits) of the OECD Model. The taxation rights in
See MoreUnited Kingdom – Belgium sign Protocol
The UK and Belgium have added a second Protocol to their double taxation agreement (DTA). The original protocol amended the article on exchange of information to conform to the latest OECD standard. The second protocol which was signed on 13 March
See MoreTreaty between Bahrain and Hungary approved by Bahrain’s cabinet
Bahrain has approved the Income Tax Treaty signed 23 March 2014 with Hungary. The treaty is not yet in force and no further details of the treaty are currently
See MoreSwitzerland – Upper House passes China FTA
The Free Trade Agreement (FTA) between Switzerland and China has been adopted by the Swiss Council of States. The agreement contains provisions in respect of trade in goods and services, competition, investment promotion, intellectual property
See MoreSwitzerland – new agreements for the exchange of tax information
Switzerland signed tax information exchange agreements with Greenland and Andorra in March 2014. These accords provide for the exchange of information on request in respect of tax investigations. The conclusion of information exchange agreements is
See MoreSwitzerland signs new DTA with Argentina
Switzerland and Argentina have signed a new double taxation agreement (DTA). When it enters into force this agreement will replace the provisional agreement signed in 1997. The agreement contains provisions relating to the exchange of information
See MoreSwiss Parliament rejects French IHT agreement
The Swiss Council of States has not accepted the text of a revised inheritance tax (IHT) agreement with France and has instead suggested that it should be renegotiated. Switzerland had asked for a renegotiation after France had communicated its
See MoreSouth Korea and US Agree on Text Of FATCA Agreement
South Korea has announced that it has agreed to the regular exchange of information with the US from next year to assist the implementation of the Foreign Account Tax Compliance Act (FATCA). The FATCA legislation in the US aims to ensure that the US
See MoreSaudi Arabia and Hungary sign a DTA
Saudi Arabia and Hungary signed a double taxation agreement (DTA) on 24 March 2014. No further details of the agreement are currently
See MoreRussia: treaty between Russia and Italy clarified by the Ministry of Finance
Letter No. 03-08-РЗ/10213 published by the Russian Finance Ministry explains the position with respect to dividends paid by Russian companies to Italian parent companies. The participation exemption is available if the parent company meets a 365
See MoreRevision to treaty between India and Bulgaria
Bulgaria’s Ministry of Finance has been authorized to begin negotiations for a double tax treaty with India. After it has been signed and has entered into force the new treaty will replace the current treaty signed in
See MoreIndonesian tax office signs an agreement on tax revenues and data sharing
A recent memorandum of understanding (MoU) between the Jakarta city administration and the tax directorate general covers the issue of data swaps and ways to increase tax revenues. The two authorities have reached an agreement on the exchange of
See MoreUK Pushes for conclusion of the Canada-EU FTA
The UK is hoping for a swift conclusion to negotiations for a free trade agreement (FTA) between the EU and Canada, as this could be of considerable benefit to UK companies. The EU is Canada’s second largest trading partner after the US, based on
See MoreExchange of information agreement between Belgium and Grenada ratified by Belgium
Belgium has ratified the Exchange of Information Agreement it has signed with Grenada. The OECD has been encouraging the conclusion of agreements on the exchange of tax information to improve tax transparency and help to combat tax
See MoreDTA between Hungary and Algeria under negotiation
Hungary has issued a decree authorizing the relevant Ministries to commence negotiations for a double tax treaty with Algeria. No further details are available in respect of a date for commencement of
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