Social security agreement between Bulgaria and Tunisia approves
The Social Security Agreement of 2015 between Bulgaria and Tunisia has been approved on 17th January 2017 by the Tunisian National
See MoreDTA between UAE and UK entered into force
The Income Tax Agreement between the United Arab Emirates (UAE) and the United Kingdom (UK) has been come into force on 25th December 2016 for avoiding double taxation and it was signed on 12th April 2016. In accordance with article 26, the
See MoreMoldova and Turkey: Social Security Agreement initialed
In accordance with a press release published by the Moldovan Ministry, a Social Security Agreement between Moldova and Turkey has been initialed in Chisinau. This treaty has expected to be signed later this
See MoreUAE: DTA signed with Paraguay
An Income Tax Treaty between United Arab Emirates (UAE) and Paraguay was signed on 16th January 2017 in Abu Dhabi for avoiding double
See MoreProtocol to a treaty between India and Kuwait signed
The Kuwaiti Ministry of Finance on 15 January 2017, signed a protocol with India amending the agreement between the two countries to avoid double taxation on income and to prevent tax evasion. The protocol amends the types of Kuwaiti taxes in
See MoreJersey: DTA with the Seychelles enters into force
The Income Tax Treaty of 2015 between Jersey and Seychelles entered into force on 5th January 2017. The provisions of the treaty will be applicable from 1st January
See MoreTajikistan: MoF of Tajikistan initials a DTA with Qatar
An Income and Capital tax treaty between Qatar and Tajikistan has been initialed by the Tajik Ministry of
See MoreSlovenia: DTA between Slovenia and Morocco ratified
The Income Tax Treaty of 2016 between Morocco and Slovenia was ratified on 15th December 2016 by Slovenia and published in official gazette of 30th December 2016. This treaty was signed on 5th April
See MoreSaudi Arabia-Circular on rules for determining Zakat and income tax liabilities for listed companies
The General Authorities for Zakat and Tax (GAZT) amended the determination procedure for the Zakat and income tax liability of listed companies by circular 6768/16/1438 of 4 December 2016. Prior to this, Saudi listed companies were subject to Zakat
See MoreNigeria: Finance Ministry issues amended regulation to reinstate WHT rate
The Finance Minister of Nigeria has issued amended regulations to increase the withholding tax (WHT) rate from 2.5% to 5% for all aspects of building, construction, and related activities (excluding survey, design and deliveries). The Regulation
See MoreTurkey: General Communiqué No. 11 on CIT Law gazetted
General Communiqué No. 11 regarding the Corporate Income Tax Law (Law No. 5520) was gazetted on 31st December 2016 and amends General Communiqué No. 1. The measure entered into force on the day of its publication. The Communiqué gives
See MoreTurkey: Bilateral APA signed
The Revenue Administration stated on 30th December 2016 that it had signed a new bilateral advance pricing agreement and this agreement is based on article 13 of Corporate Income Tax Law No.
See MoreSouth Africa: SARS issues final regulations on country-by-country (CbC) reporting
The South African Revenue Service has issued final regulations on country-by-country (CbC) reporting on 23 December 2016. The regulations specify the changes to the Country-by-Country Reporting Standard for Multinational Enterprises (“MNEs”)
See MoreSaudi Arabia-Cabinet approved tax measures under Fiscal Balance Program
The Saudi Cabinet approved on 22 December 2016 a 5-year financial sustainability plan called "Fiscal Balance Program" which is expecting to abolish the budget deficit by 2020. The objective of the program is to increase revenues from non-oil
See MoreLuxembourg: Parliament ratified DTA with Senegal
According to a journal published on 27 December 2016, Luxembourg ratified the Luxembourg-Senegal Income and Capital Tax Treaty (2016) on 23 December 2016. The treaty was signed on 10 February 2016. The treaty was concluded in the French language.
See MoreMFN clause of the protocol to the Egypt – France Income and Capital Tax Treaty (1980) (as amended through 1999) activated
The Tax Administration of France updated the guidance on 4 November 2016 about activation of the most favoured nation (MFN) clauses concluded by France on certain tax treaties. As a result, the MFN clause in article II of the protocol to the Egypt -
See MoreLuxembourg-Tunisia amending protocol to treaty entered into force
The amending protocol to treaty between Luxembourg and Tunisia entered into force on 30 November 2016. The treaty was signed on 5 September 2014 to the Luxembourg - Tunisia income and capital tax treaty (1996) . The protocol generally applies from
See MoreUAE ratified income tax treaty with Andorra
The United Arab Emirates (UAE) have ratified the income tax treaty with Andorra that was signed on 28 July 2015. The federal decree 166/2016 ratifying the treaty was issued by the president of the United Arab Emirates and was published in a recent
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