Luxembourg: Automatic exchange of tax information
Jean-Claude Juncker, the prime minister of Luxembourg declared that the Grand Duchy of Luxembourg will adopt the automatic exchange of information foreseen in the European Union Savings Directive and that will effect from first January 2015. The
See MoreTIEA between Argentina and Macedonia will enter into force
The government of Argentina and Macedonia signed a tax information exchange agreement on 26 April 2013. After completing necessary ratification procedures the agreement will enter into force on 17 December
See MoreSaudi Arabia –Signed the Multilateral Convention of OECD
The government of Saudi Arabia has signed the Multilateral Convention of OECD on Mutual Administrative Assistance in Tax Matters. This would provide spontaneous exchange of information, simultaneous tax examinations, and assistance in tax collection
See MoreCanada-Switzerland: Exchange of letters to treaty enters into force
The exchange of letters, signed by Switzerland on June 28, 2012 and by Canada on July 23, 2012, to the Canada - Switzerland Income and Capital Tax Treaty (1997), as amended by the 2010 protocol, entered into force on October 31, 2013 and generally
See MorePortugal and Spain Strengthen Mutual Tax Assistance
Portugal and Spain recently signed agreements aimed at developing and strengthening mutual assistance in tax matters, and at permitting a direct exchange of tax information between the two countries. This is important as part of the worldwide
See MoreGuernsey Signs TIEAs with Gibraltar and Slovakia
Guernsey's Chief Minister signed a Tax Information Exchange Agreement with his Gibraltar counterpart, on October 22, 2013. The agreement demonstrates that post-G8 Guernsey has maintained its momentum on greater tax transparency. The agreement was
See MoreUK: Exchange of Letters signed to update tax information agreements
The UK government has recently been updating the arrangements for the exchange of tax information with some of its territories. An Exchange of Letters with the Isle of Man updated the 1955 agreement between the UK and the Isle of Man. An Exchange of
See MoreExchange of information agreement between Finland and Niue signed
According to media reports, Niue has recently signed tax information exchange agreements with a number of countries, including New Zealand and some Nordic countries. On 16 October 2013, Niue signed exchange of information agreements relating to tax
See MoreExchange of information agreement between Costa Rica and Norway approved by Costa Rican Congress
On 21 October 2013 the Costa Rican Congress approved on first debate the Costa Rica - Norway Exchange of Information Agreement (2011). When it enters into force the agreement will enable increased cooperation between the tax authorities of Costa
See MoreCosta Rican Congress approves “Exchange of Information Agreement” with Finland
On 21 October 2013, the Costa Rican Congress approved on first debate the Costa Rica and Finland Exchange of Information Agreement (2011). The Agreement is concerned with greater cooperation in the exchange of tax information between the two
See MoreChile: OECD convention for Mutual tax assistance has been signed
The Organization for Economic Co-operation and Development (OECD) announced that on October 24, 2013 Chile, as the 59th country, signed the OECD's agreement for mutual administrative assistance in tax. This agreement is being considered as an
See MoreSwitzerland: Signs multilateral convention against BEPS
Switzerland signed the multilateral convention on mutual administrative assistance in tax matters on the 15 October. This agreement is seen as an important tool in the fight against international tax evasion as it provides for cooperation between
See MoreSouth Africa Signs Multilateral SADC Agreement on Assistance in Tax Matters
During the Southern African Development Community (SADC) Summit of Heads of State and Governments, held on 17 to 18 August 2013 in Lilongwe (Malawi), South Africa signed a Multilateral Southern African Development Community Agreement on Assistance
See MoreRomania: Negotiation of Tax Agreement with Bermuda
Recently the Romanian government has announced its intention to commence negotiations for a tax information exchange agreement with Bermuda. This agreement when signed will allow Romania to gain more information about the activities of Romanian
See MoreProtocol and exchange of letters entered into force to treaty between Korea (Rep.) and Luxembourg
The amending protocol and exchange of letters, which was signed on 29 May 2012, the Income and Capital Tax Treaty between Korea (Rep.) and Luxembourg, entered into force on 4 September 2013. The protocol generally applies from 4 September
See MoreThe United Kingdom and Isle of Man sign automatic exchange of information agreement
The United Kingdom and Isle of Man signed an automatic exchange of information agreement on 10 October 2013. In the agreement, that follows the accord signed between the United Kingdom and the United States to execute reporting of information
See MoreThe Exchange of information agreement between United Kingdom and Uruguay was signed in London
The Exchange of Information Agreement between United Kingdom and Uruguay was signed in London on 14 October 2013. The exchange of tax information between the two countries will now be up to international standards. Uruguay is now categorized by the
See MoreCzech Republic- Bahamas, Monaco TIEA Signing Approval
The Ministry of Finance of Czech Republic has declared that the government had accepted the signing of tax information exchange agreements with Monaco and the Bahamas on October 1, 2013. These agreements hope to increase the probability of
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