Belarus and Equatorial Guinea | On 28 November 2023, Mr. Alexander Lukashenko, the President of Belarus signed a decree that grants approval to negotiate and sign of a Double Taxation Agreement (DTA) with Equatorial Guinea. |
Moldova and Netherlands | On 24 November 2023, the Moldovan parliament approved the amending protocol to the Double Taxation Agreement (DTA) with the Netherlands. |
Slovenia and Switzerland | On 22 November 2023, the Swiss Federal Council adopted the dispatch on the protocol of amendment to the Double Taxation Agreement (DTA) with Slovenia. The protocol implements the OECD’s minimum standards from the base erosion and profit shifting (BEPS) project with regard to double taxation agreements. |
Estonia and Pakistan | On 20 November 2023, the Govt. officials from Estonia and Pakistan signed a Double Taxation Agreement (DTA) between two nations. |
Saudi Arabia and Slovak Republic | On 13 November 2023, the Govt. officials from Saudi Arabia and the Slovak Republic signed a Double Taxation Agreement (DTA) between two nations. |
Korea, Rep Of and Rwanda | On 13 November 2023, Rwanda’s lower house of parliament granted approval for the ratification of the Double Taxation Agreement (DTA) with South Korea. |
Kazakhstan and Oman | On 10 November 2023, Prime Minister Mr. Alikhan Smailov of Kazakhstan authorized the Minister of Finance to sign a Double Taxation Agreement (DTA) with Oman. |
Gambia and Saudi Arabia | On 9 November 2023, the Govt. officials from Gambia and Saudi Arabia signed a Double Taxation Agreement (DTA) between two nations for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
Austria, China, Germany, and New Zealand | On 8 November 2023, the Austrian Federal Council approved the amending protocols to the Double Taxation Agreements (DTAs) with China, Germany, and New Zealand. |
Australia and Iceland | On 6 November 2023, the Double Taxation Agreement (DTA) between Australia and Iceland entered into force. The DTA contains withholding tax rates for Dividends 5% for at least 10% capital holding; otherwise, 15%, Interest 10%, and Royalties 5%. The DTA generally applies from 1 January 2024. |
Kyrgyzstan and Netherlands | On 3 November 2023, the Netherlands Council of Ministers granted authorization to the Minister of Foreign Affairs to officially sign a Double Taxation Agreement (DTA) with Kyrgyzstan. |
Jersey and Mauritius | On 3 November 2023, the Cabinet of Mauritius granted approval for the signing of an amending protocol to update the Double Taxation Agreement (DTA) with Jersey. |
Andorra and Korea, Rep Of | On 3 November 2023, the Govt. officials from Andorra and South Korea signed a Double Taxation Agreement (DTA) between two nations for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
San Marino and United Kingdom | On 3 November 2023, San Marino ratified the Double Taxation Agreement (DTA) with the United Kingdom. |
Switzerland and Tajikistan | On 2 November 2023, the amending protocol to the Double Taxation Agreement (DTA) between Switzerland and Tajikistan entered into force. The protocol implements the BEPS minimum standards for double taxation agreements. |
Malaysia and Russia | On 2 November 2023, the Russian government authorized the Ministry of Finance to sign a new Double Taxation Agreement (DTA) with Malaysia. Once in force and effective, the new DTA will replace the former DTA of 1987. |
Cambodia and Singapore | On 2 November 2023, Cambodia and Singapore signed an amending protocol to update the Double Taxation Agreement (DTA) between two nations. |
Andorra and Monaco | On 1 November 2023, Andorra officially announced that the Double Taxation Agreement (DTA) with Monaco became effective as of 22 July 2023. The DTA contains withholding tax rates for Dividends 0%, Interest 0%, and Royalties 5%. The DTA applies from 1 January 2024. |
Greece and Japan | On 1 November 2023, the Govt. officials from Greece and Japan signed a Double Taxation Agreement (DTA) between two nations. The DTA contains withholding tax rates for Dividends 5% for at least 10% capital holding; otherwise, 10%, Interest 10%, and Royalties 5%. |
Andorra and Croatia | On 31 October 2023, the Double Taxation Agreement (DTA) between Andorra and Croatia entered into force. The DTA generally applies from 1 January 2024. |
Qatar and Saudi Arabia | On 31 October 2023, the Council of Ministers in Saudi Arabia granted approval for the signing of a Double Taxation Agreement (DTA) with Qatar. |
France and Moldova | On 31 October 2023, the French Council of Ministers granted approval to the Double Taxation Agreement (DTA) with Moldova. Subsequently, the DTA has been forwarded to the Senate for further approval. |
Andorra and Czech Republic | On 31 October 2023, the Double Taxation Agreement (DTA) between Andorra and Czech Republic entered into force. The DTA generally applies from 1 January 2024. The DTA contains withholding tax rates for Dividends 5% for at least 10% capital holding; otherwise, 10%, Interest 0%, and Royalties 5% for any copyright of literary, artistic, or scientific work including cinematograph films; otherwise, 10%. |
Serbia and Switzerland | On 27 October 2023, Mr. Aleksandar Vučić, the President of Serbia signed a law ratifying the amending protocol to the Double Taxation Agreement (DTA) with Switzerland. |
Curacao and San Marino | On 27 October 2023, the Council of Ministers in the Netherlands granted authorization to the Minister of Foreign Affairs to officially sign a Double Taxation Agreement (DTA) with San Marino on behalf of Curacao. |
Ukraine and United Arab Emirates | On 19 October 2023, the amending protocol to the Double Taxation Agreement (DTA) between Ukraine and the United Arab Emirates (UAE) entered into force. The protocol will apply from 1 January 2024. |
Qatar and Ukraine | On 11 June 2023, the amending protocol to the Double Taxation Agreement (DTA) between Qatar and Ukraine entered into force. The protocol generally applies from 1 January 2024. |
Tax Treaty Brief: December 2023
20 December, 2023