Malta- Mauritius Signs Double Taxation Agreement (DTA) on October 15, 2014
Malta has signed Double Taxation Agreement (DTA) with Mauritius on October 15, 2014 with a view to avoid double taxation and prevention of fiscal evasion. This treaty awaits
See MoreLuxembourg-UAE signs a protocol to amend the Double Tax Agreement
The Luxembourg and the UAE have signed a protocol to amend the existing double tax agreement among them. The withholding tax rate on dividends, interest, and royalties has not been changed in the amendment. The protocol revises provisions in the
See MoreSouth Africa: SARS Issues Tax Dispute Resolution Guide
The South African Revenue Service has released a ‘Dispute Resolution Guide’ promulgated in terms of section 103 of the Tax Administration Act that was enacted on October 1, 2012. The guide confirms that when taxpayers are discontented by an
See MoreBahrain – Hungary: Treaty has been approved
The Bahrain - Hungary Income Tax Treaty of 2014 has been approved by the Hungarian parliament on 25 October 2014.Further details of the treaty will be reported
See MoreNigeria: VAT free services for stock exchange commissions
According to a current order in Nigeria, stock exchange commissions are free from value added tax (VAT). The order was publicly presented on 27 October 2014. Besides, the effective date of the VAT exemption is 25 July 2014 and it is effective for a
See MoreOman calls for forceful implementation of International Financial Reporting Standards (IFRS)
Recently, financial report by Middle East official was setting out principles on the significant developments and key changes to keep up with the standards of International Financial Reporting Standards (IFRS). The importance of capitalizing on the
See MoreQatar and Turkey- new income tax treaty
Negotiation of a new income tax treaty is on the way, between Qatar and Turkey. The treaty of December 25, 2001 between these two countries will be replaced by this new agreement. Before, it can enter in to force; the new treaty must be signed and
See MoreThe Protocol to Tax Treaty between Morocco and India
On August 2013, the protocol to the Morocco and India tax treaty was signed in New Delhi. The protocol updates on treaty, to bring it in line with the OECD standard for exchange of information. The protocol will enter into force after the exchange
See MoreTax Treaty Signed between Morocco and Serbia
On 6th June 2013, the Morocco and Serbia tax treaty was signed in Belgrade. The treaty provides: Dividends, interest, and royalties are taxable at a rate of 10 %. 10% business rate on business profits in some circumstances Credit methods are
See MoreIncome Tax Treaty Negotiations between Australia and UAE
The progress of income tax treaty negotiations between Australia and U.A.E were discussed recently, between Australian Treasurer and United Arab Emirates minister of state for financial affairs, on following issues: trade and investment
See MoreSlovenia-UAE Income Tax Treaty entered into force
The Income Tax Treaty between Slovenia and United Arab Emirates has entered into force on 27 August 2014 and it usually applies from 1 January
See MoreApproval of a pending protocol between Poland and U.A.E
The pending protocol was approved by United Arab Emirates Cabinet on 12 October, 2014. This pending protocol replaces the treaty articles on directors' fees and exchange of information and adds a new limitation on benefits article. The protocol
See MoreDTA between Uruguay and United Arab Emirates signed
On 10 October 2014 an Income Tax Treaty signed between Uruguay and United Arab Emirates. The treaty will enter into force after the exchange of ratification instruments are in
See MoreIncome Tax Treaty between Kuwait and Lithuania
The Kuwait and Lithuania income tax treaty was signed on April 18, 2013.The treaty will enter into force after both countries exchange ratification instruments. The requirements of the treaty will apply from 1st January, 2015 after the agreement
See MoreDTA between Hungary and UAE entered into force
The DTA between Hungary and United Arab Emirates entered into force on 4 October 2014 and will applicable from 1 January
See MoreLatvia and the United Arab Emirates- Air Services Agreement
Air services agreement was signed between Latvia and the United Arab Emirates. The agreement proposes to establish a legal framework to remove the double taxation of international airlines from the two countries. The agreement was signed in New York
See MoreDTA between Azerbaijan and Saudi Arabia approved by Azerbaijan
Azerbaijan and Saudi Arabia have signed a protocol for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and property. Azerbaijan ratified the treaty on 30 September
See MoreSouth Africa: Finance Minister is Looking At Tax Rises Next Year
When presenting the Medium-Term Budget Policy Statement on 22 October 2014 South Africa's Finance Minister gave a warning that, with decreasing tax collections this year, further revenue raising measures will be required in the budget for 2015. The
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