Germany and Sweden On 31 December 2023, the amending protocol to the Double Taxation Agreement (DTA) between Germany and Sweden entered into force. In general, the provisions of the protocol apply from 1 January 2024.
Oman and Russia On 27 December 2023, Oman ratified the Double Taxation Agreement (DTA) with Russia for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.
Cyprus and France On 22 December 2023, Cyprus ratified the Double Taxation Agreement (DTA) with France. The DTA contains withholding tax rates for Dividends 0% for at least 5% capital holding; otherwise, 15%, Interest 0%, and Royalties 5%. Once in force and effective, the new DTA will replace the former DTA of 1981.
Chile and United States On 19 December 2023, the Double Taxation Agreement (DTA) between the United States and Chile entered into force. The DTA contains withholding tax rates for Dividends 5% for at least 10% capital holding; otherwise, 15%, Interest 15%, and Royalties 10%. With respect to taxes withheld at source, the DTA will have effect for amounts paid or credited on or after 1 February 2024. For all other taxes, the DTA will have effect for taxable periods beginning on or after 1 January 2024.
Czech Republic and UAE On 18 December 2023, Mr. Petr Pavel, the Czech President signed the law for the ratification of the Double Taxation Agreement (DTA) with the United Arab Emirates (UAE).
Algeria and Denmark On 17 December 2023, the Double Taxation Agreement (DTA) between Algeria and Demark entered into force. The DTA contains withholding tax rates for Dividends 5% for at least 15% capital holding; otherwise, 15%, Interest 8%, and Royalties 10%. The DTA applies from 1 January 2024.
Croatia, Cyprus and Egypt On 15 December 2023, the Croatian parliament approved the Double Taxation Agreements (DTAs) with Cyprus and Egypt for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.
Germany and Luxembourg On 14 December 2023, the Chamber of Deputies of Luxembourg approved the amending protocol to the Double Taxation Agreement (DTA) with Germany.
Switzerland and UAE On 14 December 2023, the Swiss upper house of parliament approved the ratification of the Double Taxation Agreement (DTA) with the United Arab Emirates (UAE).
Czech Republic, Rwanda, Sri Lanka, and UAE On 13 December 2023, the Czech lower house of parliament approved the Double Taxation Agreements (DTAs) with the United Arab Emirates (UAE), Sri Lanka and Rwanda. The next step involves presenting the treaties to the President of the Czech Republic for ratification.
Denmark, France, and Greece On 13 December 2023, the French National Assembly approved the Double Taxation Agreements (DTAs) with Denmark and Greece for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.
Austria, Germany, and Luxembourg On 13 December 2023, Germany officially gazetted the laws ratifying the protocols to the Double Taxation Agreements (DTAs) with Austria and Luxembourg.
Brunei and Philippines On 13 December 2023, the Philippines Senate officially approved the Double Taxation Agreement (DTA) with Brunei through ratification.
Congo (Dem. Rep.) and Turkey On 12 December 2023, Turkey ratified the Double Taxation Agreement (DTA) with the Democratic Republic of the Congo, and the details were published in Official Gazette No. 32398 on 13 December 2023.
Oman and Russia On 12 December 2023, Law No. 571-FZ was signed by the Russian President, officially ratifying the Double Taxation Agreement (DTA) with Oman.
Korea, Rep Of and Rwanda On 11 December 2023, Mr. Paul Kagame the President of Rwanda ratified the Double Taxation Agreement (DTA) with Korea, Rep Of. The DTA contains withholding tax rates for Dividends 10%, Interest 10%, Royalties 10%, and Fees for technical services 10%.
Guyana and UAE On 10 December 2023, the United Arab Emirates (UAE) Cabinet approved the Double Taxation Agreement (DTA) with Guyana for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.
Belarus and Equatorial Guinea On 9 December 2023, the Govt. officials from Belarus and Equatorial Guinea 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.
Korea, Rep Of and Taiwan On 8 December 2023, the National Assembly of the Korea, Rep Of ratified the Double Taxation Agreement (DTA) with Taiwan.
Oman and Russia On 7 December 2023, the Russian Federation Council approved the Double Taxation Agreement (DTA) with Oman.
Austria and Russia On 6 December 2023, Austria’s Ministry of Finance officially notified the immediate suspension of the Double Taxation Agreement (DTA) with Russia. The decision is in response to Russia’s earlier suspension of specific treaty provisions on 8 August 2023.
France, Mali, and Niger On 5 December 2023, Mali and Niger jointly announced the termination of the Double Taxation Agreements (DTAs) with France. Despite the treaties requiring notification to France by 30 June 2024, for termination to be effective from 1 January 2025, the joint statement stated an intention to terminate within three months of the announcement.
Moldova and Netherlands On 5 December 2023, Moldova ratified the amending protocol to the Double Taxation Agreement (DTA) with the Netherlands.
Kyrgyzstan and Netherlands On 5 December 2023, the Govt. officials from Kyrgyzstan and the Netherlands 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.
Australia and Portugal On 30 November 2023, the Govt. officials from Australia and Portugal 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. The DTA contains withholding tax rates for Dividends 5% for at least 10% capital holding; otherwise, 10%, Interest 10%, and Royalties 10%.
Angola and Switzerland On 30 November 2023, the Govt. officials from Angola and Switzerland 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.
Cambodia, Nigeria, Senegal, Sierra Leone, Sri Lanka, and Turkey On 30 November 2023, Mr. Recep Tayyip Erdoğan, the President of Turkey signed the Decisions for the ratification of the Double Taxation Agreements (DTAs) with Sri Lanka, Sierra Leone, Nigeria, Cambodia, Senegal.
San Marino and UK On 30 November 2023, the Double Taxation Agreement (DTA) between San Marino and the United Kingdom (UK) entered into force. The DTA generally applies from 1 January 2024.
Cuba and UAE On 29 November 2023, the Govt. officials from Cuba and the United Arab Emirates (UAE) 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 and Qatar On 29 November 2023, the Austrian Council of Ministers granted approval for the signing of an amending protocol aimed at revising the Double Taxation Agreement (DTA) with Qatar.
Luxembourg and UK On 22 November 2023, the Double Taxation Agreement (DTA) between Luxembourg and the United Kingdom (UK) entered into force. The DTA contains withholding tax rates for Dividends 0%, Interest 0%, and Royalties 0%. The DTA generally applies from 1 January 2024.
Luxembourg and Romania On 22 November 2023, the amending protocol to the Double Taxation Agreement (DTA) between Luxembourg and Romania entered into force. The protocol applies from 1 January 2024.
Israel and Romania On 16 October 2023, the amending protocol to the Double Taxation Agreement (DTA) between Israel and Romania entered into force. The protocol generally applies from 1 January 2024.