DTA between Switzerland and Zambia signs
The Double Taxation Agreement (DTA) between Switzerland and Zambia was signed in Lusaka on 29 August 2017. Once in force and effective, the new treaty will replace the existing DTA of 1954. The agreement contains Dividends rate 5% for at least 10%
See MoreTurkey: Government introduces new tax plan
The Finance Minister, Naci Ağbal, announced significant tax increases on September 27, 2017 during the Medium Term Program meeting (2018-2020). A new legislative proposal increasing corporate income tax from 20% to 22% for financial sector and
See MoreArmenia: New DTAs with Kyrgyzstan and Uzbekistan
On 25 September 2017, Ministry of Finance of Armenia published a press release that Armenia will sign Double Taxation Agreements (DTA) with Kyrgyzstan and Uzbekistan by the end of this
See MoreDTA signs between Kenya and China
On 21 September 2017, Kenya and China signed a Double Taxation Agreement (DTA) that aims to boost bilateral commercial ties, Kenyan officials said. Cabinet Secretary in the National Treasury Henry Rotich told a media briefing in Nairobi that the
See MoreTurkey, Kuwait signs an amending protocol to DTA
The amending protocol of Double Taxation Agreement (DTA) between Kuwait and Turkey was signed On September 14, 2017, for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in
See MoreLatvia and Oman sign a MOU on bilateral political consultations
On 18 September, during the 72nd session of the United Nations General Assembly in New York, the Minister of Foreign Affairs of Latvia, Mr. Edgars Rinkēvičs, met with Mr. Yusuf bin Alwi bin Abdullah, the Sultanate of Oman’s Minister
See MoreUAE: DTA ratifies with Argentina
The United Arab Emirates (UAE) ratified the Double Taxation Agreement (DTA) with Argentina on August 23, 2017, for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on
See MoreUAE: DTA ratifies with Equatorial Guinea
The United Arab Emirates (UAE) ratified the Double Taxation Agreement (DTA) on August 23, 2017, with Equatorial Guinea for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on
See MoreUAE: DTA ratifies with Gambia
The United Arab Emirates (UAE) ratified the Double Taxation Agreement (DTA) on August 23, 2017, with Gambia for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. The agreement contains dividends
See MoreDTA between Portugal and Ivory Coast enters into force
On 8 September 2017, Portugal published a notice declaring the entry into force of the Double Taxation Agreement (DTA) with the Ivory Coast on 18 August 2017 and it will apply from 1 January 2018. The agreement contains Dividends rate 10%, Interest
See MorePortugal, Sao Tome and Principe DTA enters into force
On 8 September 2017, Portugal published a notice declaring the entry into force of the Double Taxation Agreement (DTA) with Sao Tome and Principe on 12 July 2017 and it will apply from 1 January 2018. The agreement contains Dividends rate 10% for at
See MoreDTA between Iraq and South Korea signed
On 23 August 2017, the Council of Ministers of Iraq has authorized to sign a revised Double Taxation Agreement (DTA) with South
See MoreDTA between Jordan and Saudi Arabia enters into force
On 1 September 2017, the Double Taxation Agreement (DTA) between Jordan and Saudi Arabia was entered into force and it will apply from 1 January 2018. The agreement contains Dividends rate 5%, Interest rate 5% and Royalties rate
See MoreMorocco: New procedures for APAs
Morocco published a Decree No. 2.16.571 of 3 July 2017 in the Official Gazette No. 6594 on August 10, 2017 that describes the procedure for concluding advance pricing agreements (APAs). This decree was published in Arabic language. For example, a
See MoreKenya approves Finance Act 2017
The Finance Act 2017, has been gazetted on 23rd June 2017. The Finance Act seeks to amend the law relating to various taxes and duties. Corporate tax related reforms: New motor vehicle assemblers in Kenya will now enjoy a decreased corporate
See MoreTanzania: 2017 Budget effective from July 1, 2017
The Minister for Finance and Planning (MoFP) on 8 June 2017, issued to the National Assembly the estimates of government revenue and expenditure for 2017. The government plans to organise and spend TZS 31,712.0 billion in the 2017/18 budget. The
See MoreEthiopia: Budget for 2017/18
The Minister of State for Finance and Economic Cooperation presented the draft budget to Parliament on 8 June 2017. The Council of Ministers proposed to spend 320.8 birrs (USD 13.8 billion), which is a rise of 2.02 billion (16.9%) over the current
See MoreUganda: Budget for 2017/18
Finance minister has presented national budget for 2017/18 to Parliament in April 2017. The budget, which is hoped to deliver Uganda into middle-income status has seen sectors like electricity, oil and gas, ICT, education, health and agriculture
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