Albania and Slovak Republic On 26 July 2023, the Council of Ministers in Albania approved the draft legislation for the ratification of the Double Taxation Agreement (DTA) with the Slovak Republic.
Germany and Switzerland On 26 July 2023, the German Federal Cabinet has given its approval for the signing of an amending protocol to the Double Taxation Agreement (DTA) with Switzerland.
France and Rwanda On 26 July 2023, the Rwandan lower house of parliament approved the Double Taxation Agreement (DTA) with France. The DTA will now be forwarded to the President of Rwanda for official ratification.
Brazil and Uruguay On 21 July 2023, the Double Taxation Agreement (DTA) between Brazil and Uruguay entered into force for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. The DTA contains withholding tax rates for Dividends 10% for at least 25% capital holding; otherwise, 15%, Interest 15%, Royalties 15% for the use of or the right to use trademarks; otherwise, 10%, and Fees for Technical Services 10%. The DTA generally applies from 1 January 2024.
San Marino, Brazil, and United Kingdom On 19 July 2023, the United Kingdom ratified the Double Taxation Agreements (DTAs) with San Marino and Brazil.
Luxembourg and United Kingdom On 19 July 2023, the Chamber of Deputies in Luxembourg gave its approval to the legislation for the ratification of the Double Taxation Agreement (DTA) with the United Kingdom.
Denmark and Russia On 18 July 2023, the Russian Ministry of Finance has confirmed the termination of the Double Taxation Agreement (DTA) with Denmark. This comes after Denmark’s Law No. 712 in June 2023 that terminate the DTA and added Russia to its non-cooperative jurisdiction list. The DTA will cease to be effective starting from 1 January 2024.
Belarus and Zimbabwe On 17 July 2023, Mr. Alexander Lukashenko, the Belarusian President signed the legislation ratifying the Double Taxation Agreement (DTA) with Zimbabwe.
Belarus and Ukraine On 17 July 2023, Mr. Alexander Lukashenko, the President of Belarus, signed the legislation that officially terminate the Double Taxation Agreement (DTA) with Ukraine. Although the DTA’s practical termination took place on 1 January 2023, the formal legislative process for its termination within Belarus was still required.
Czech Republic and Kosovo On 17 July 2023, Mr. Petr Pavel, the Czech President signed the law for the ratification of the Double Taxation Agreement (DTA) with Kosovo.
Andorra and Netherlands On 14 July 2023, the Dutch cabinet approved to sign a Double Taxation Agreement (DTA) with Andorra for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.
France and Rwanda On 13 July 2023, the Rwandan Cabinet approved the Double Taxation Agreement (DTA) with France. The DTA contains withholding tax rates for Dividends 7.5% for at least 25% capital holding; otherwise, 15%, Interest 10%, Royalties 10%, and Fees for Technical Services 10%.
Andorra and Croatia On 13 July 2023, the Croatian government granted approval for the ratification of the pending Double Taxation Agreement (DTA) with Andorra.
Algeria and Japan On 12 July 2023, Japan officially announced the ratification of the pending Double Taxation Agreement (DTA) with Algeria in the Official Gazette.
Italy and Liechtenstein On 12 July 2023, the Govt. officials from Liechtenstein and Italy signed a Double Taxation Agreement (DTA) between the two countries for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.
Egypt and Qatar On 11 July 2023, the Egyptian parliament granted approval for the ratification of the pending Double Taxation Agreement (DTA) with Qatar.
Bulgaria, Germany, Latvia, and Lithuania On 7 July 2023, the German Federal Council approved the amending protocols to the Double Taxation Agreements (DTAs) with Bulgaria, Latvia, and Lithuania.
Germany and Luxembourg On 6 July 2023, the Govt. officials from Luxembourg and Germany signed an amending protocol to the Double Taxation Agreement (DTA) between the two countries.
Germany and Sweden On 6 July 2023, the German lower house of parliament approved the amending protocol to the Double Taxation Agreement (DTA) with Sweden. Upon the protocol’s enactment and implementation, the agreement will no longer cover inheritance and gift taxes.
Germany and Latvia On 5 July 2023, Latvia ratified the amending protocol to the Double Taxation Agreement (DTA) with Germany.
Austria and Germany On 5 July 2023, the Federal Cabinet of Germany approved to sign an amending protocol to the Double Taxation Agreement (DTA) with Austria.
Luxembourg and Romania On 5 July 2023, the Luxembourg Chamber of Deputies approved the amending protocol to the Double Taxation Agreement (DTA) with Romania.
Barbados, Curacao, Jamaica, Norway, Sierra Leone, and Trinidad and Tobago On 9 June 2023, Norwegian Ministry of Finance announced that Norway terminated the Double Taxation Agreements (DTAs) with Barbados, Curacao, Jamaica, Sierra Leone, and Trinidad and Tobago. Norway has notified the respective governments of the decision to terminate the DTA through diplomatic notes.