Ukraine and UK sign protocol to amend the agreement on double taxation
On 9 October 2017, Minister of Finance Ukraine Oleksandr Danyliuk and State Secretary of Great Britain for Europe and America Alan Duncan signed the Protocol on amendments to the Agreement on the Avoidance of Double Taxation between Ukraine and the
See MoreLuxembourg and Uzbekistan sign a protocol to amend the DTA
On 18 September 2017, the amending protocol of Double Taxation Agreement (DTA) between Luxembourg and Uzbekistan was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. The protocol
See MoreU.S. signs agreements on the exchange of CbC reports with five countries
According to an IRS announcement on its website, it has signed separate agreements with the Czech Republic, Finland, Greece, Italy, and Sweden to exchange country-by-country reports on multinationals. Country-by-Country reporting data will be
See MoreCanada: CETA Trade Agreement enters into force
The Comprehensive Economic and Trade Agreement (CETA) between Canada and European Union came into force on September 21, 2017. The CETA is a progressive free trade agreement that covers virtually all sectors and aspects of Canada-EU trade in order
See MoreDTA signs between Botswana and Malta
On 2 October 2017, According to a press release of Maltese government, a Double Taxation Agreement (DTA) has been signed with Botswana for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on
See MoreFrance: Draft finance bill for 2018 released
The government of France released the draft Finance Bill for 2018 on 27 September 2017. The main changes outlined in the draft Bill are as follows: Decrease of the French corporate income tax rate Elimination of the 3% tax on dividend
See MoreCroatia: EU Council gives approval to increase VAT registration threshold
The Council executing a Decision no. 2017/1768 of 25 September 2017 in the Official Gazette on September 28, 2017 for allowing Croatia to announce a special measure derogating from Article 287 of Directive 2006/112/EC on the usual system of value
See MoreIreland: New Guidance on DWT
On 26 September 2017, Irish Revenue published guidance on dividend withholding tax (DWT) with some exceptions and stated that resident companies must withhold tax on dividend payments and other distributions that they make. Qualifying Irish
See MoreSlovak Republic: Proposed provisions for patent box regime, exit tax, CFC rules
The Government announced several changes in the corporate taxation area on June 20, 2017, including the introduction of a new patent box regime in line with the modified nexus approach developed as part of BEPS Action 5. The government also proposes
See MoreDTA between Andorra and Malta enters into force
On 27 September 2017, the Double Taxation Agreement (DTA) between Andorra and Malta was entered into force and it will apply from 1 January 2018. The agreement contains Dividends rate 0%, Interest rate 0% and Royalties rate
See MoreLuxembourg: Tax authority publishes circular on mutual agreement procedure
To set out the procedures for the implementation of the mutual agreement procedure (MAP), on 28 August 2017, the Director of Taxes published Circular L.G. Conv. D.I. No. 60. The MAP intends to eliminate legal and economic double taxation. The MAP
See MoreDTA signs between Belarus and UK
On 26 September 2017, the Double Taxation Agreement (DTA) between Belarus and the United Kingdom was signed, in Minsk. Once in force and effective, the new treaty will replace the existing DTA of 1985. The agreement contains Dividends rate 5%,
See MoreNetherlands: Tax plan for 2018
The Dutch government has presented the tax plan for 2018 on 19th September 2017. If adopted, these proposals will be entered into force on 1st January 2018. 2018 tax plan contains various other amendments on a variety of topic and these are given
See MoreBelgium, Greece protocol to DTA enters into force
On 24 July 2017, the amending protocol of Double Taxation Agreement (DTA) between Belgium and Greece was entered into force and it will apply from 1 January 2018 with replaced Article 25 (Exchange of Information Article) in accordance with the OECD
See MoreItaly: New anti-avoidance measures under the “allowance for corporate equity”
In Italy, a new decree which was published in the official gazette on 11 August 2017 modifies the existing anti-avoidance rules under the “allowance for corporate equity” regime in such a way that duplications of the tax benefit within a group
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 MoreHungary: Draft law published on amended transfer pricing documentation requirements
The Hungarian government has finalized the draft legislation concerning amended transfer pricing documentation requirements which will be presented to the parliament in the autumn of 2017. Hungary is expected to introduce rules regarding Master file
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
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