Hong Kong and Saudi Arabia | On 24 August 2017, the Double Taxation Agreement (DTA) between Hong Kong and Saudi Arabia was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in Hong Kong. The agreement contains Dividends rate 5%, Interest rate 0% and Royalties rate 5% or 8%. |
Estonia and Japan | On 24 August 2017, the government of Estonia authorized to sign a Double Taxation Agreement (DTA) with Japan for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
Monaco and Liechtenstein | On 23 August 2017, the government of Liechtenstein approved the Double Taxation Agreement (DTA) with Monaco for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
Argentina and Mexico | On 23 August 2017, the Double Taxation Agreement (DTA) between Argentina and Mexico was entered into force and it will apply from 1 January 2018. From this date, the new treaty will replace the existing DTA of 1997. The agreement contains Dividends rate 10% for at least 20% holding; otherwise 15%, Interest rate 12% and Royalties rate 10%. |
UAE, Argentina, Gambia, Equatorial Guinea | On 23 August 2017, United Arab Emirates (UAE) published a decree in the Official Gazette to announce that UAE ratified the Double Taxation Agreement (DTA) with Argentina, Gambia, and Equatorial Guinea. |
Belgium and Mexico | On 19 August 2017, the amending protocol of Double Taxation Agreement (DTA) between Belgium and Mexico was entered into force. |
Malaysia and Ukraine | On 18 August 2017, the Ukrainian Government approved the ratification of Double Taxation Agreement (DTA) with Malaysia. Once in force and effective, the new treaty will replace the existing DTA of 1987. |
Kenya and Netherlands | On 18 August 2017, According to published Legal Notice 169 of 2017 in the Official Gazette of Kenya, which ratifies the pending Double Taxation Agreement (DTA) with the Netherlands for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
Uruguay and Chile | On 15 August 2017, the Chamber of Representatives of Uruguay approved the Double Taxation Agreement (DTA) with Chile. |
Hong Kong and Pakistan | On 15 August 2017, the federal cabinet of Pakistan has ratified the Double Taxation Agreement (DTA) with Hong Kong for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
New Zealand and India | On 8 August 2017, Inland Revenue department of New Zealand announced that two Orders in Council have been signed to ratify the pending protocol of DTA with India and the pending TIEA with San Marino. |
Kuwait and India | On 7 August 2017, the Kuwaiti cabinet approved the amending protocol of Double Taxation Agreement (DTA) with India. |
Kuwait and Brunei | On 7 August 2017, the Kuwaiti cabinet approved the amending protocol of Double Taxation Agreement (DTA) with Brunei. |
Belgium and Uruguay | On 4 August 2017, the Double Taxation Agreement (DTA) between Belgium and Uruguay was entered into force and it will apply from 1 January 2018. The agreement contains Dividends rate 5% for at least 10% holding; otherwise 15%, Interest rate 12% and Royalties rate 10%. |
India and Kenya | On 4 August 2017, Kenya published Legal Notice No. 147 of 2017 in the Official Gazette, Kenya has ratified the Double Taxation Agreement (DTA) with India. Once in force and effective, the new treaty will replace the existing DTA of 1985. |
Brazil and Russia | On 4 August 2017, the Ministry of Finance of Brazil announced the issuance of Executive Decree 9.115 of 31 July 2017, which brings the 2004 income tax treaty with Russia into force in Brazil. The agreement contains Dividends rate 10% for at least 20% holding; otherwise 15%, Interest rate 15% and Royalties rate 15%. |
Ghana and Netherlands | On 2 August 2017, the Parliament of Ghana ratified the amending protocol of Double Taxation Agreement (DTA) with Netherlands. |
Singapore and Nigeria | On 2 August 2017, the Double Taxation Agreement (DTA) between Nigeria and Singapore was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in Nigeria. The agreement contains Dividends rate 7.5%, Interest rate 7.5% and Royalties rate 7.5%. |
Andorra and UAE | On 1 August 2017, the Double Taxation Agreement (DTA) between Andorra and United Arab Emirates was entered into force and it will apply from 1 January 2018. The agreement contains 0% Dividends, Interest and Royalties rate. |
Belarus and Ecuador | On 27 July 2017, according to Decree No. 95, the President of Ecuador ratified the Double Taxation Agreement (DTA) with Belarus. |
Brunei and Cambodia | On 27 July 2017, Brunei and Cambodia signed a Double Taxation Agreement (DTA) for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income at the Ministry of Economy and Finance, Cambodia. |
Botswana and France | On 27 July 2017, the amending protocol of Double Taxation Agreement (DTA) between Botswana and France was signed to update Exchange of Information Article according to the OECD standard for information exchange, in Gaborone. |
Brunei and Qatar | On 27 July 2017, Sheikh Tamim bin Hamad Al Thani, the Qatar’s Emir approved the ratification of Double Taxation Agreement (DTA) with Brunei. The agreement contains 0% Dividends, Interest rate and 5% Royalties rate. |
BRICS | BRICS countries (Brazil, Russia, India, China, and South Africa) signed a Memorandum of Cooperation (MoC) to promote cooperation in tax matters during a meeting held 25 to 27 July 2017 in Hangzhou, China. |
Morocco and Rwanda | On 24 July 2017, the Moroccan Chamber of Representatives approved the Double Taxation Agreement (DTA) with Rwanda. |
Morocco and Madagascar | On 24 July 2017, the Moroccan Chamber of Representatives approved the Double Taxation Agreement (DTA) with Madagascar. |
Morocco and Ethiopia | On 24 July 2017, the Moroccan Chamber of Representatives approved the Double Taxation Agreement (DTA) with Ethiopia. |
Morocco and South Sudan | On 24 July 2017, the Moroccan Chamber of Representatives approved the Double Taxation Agreement (DTA) with South Sudan. |
Morocco and Ghana | On 24 July 2017, the Moroccan Chamber of Representatives approved the Double Taxation Agreement (DTA) with Ghana. |
Morocco and Bahrain | On 24 July 2017, the Moroccan Chamber of Representatives approved the Double Taxation Agreement (DTA) with Bahrain. |
France and Portugal | On 20 July 2017, the French Senate approved the amending protocol of Double Taxation Agreement (DTA) with Portugal for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
Belgium and Switzerland | On 19 July 2017, the amending protocol of Double Taxation Agreement (DTA) between Belgium and Switzerland was entered into force and it will apply from 1 January 2018. |
Burundi and UAE | On 19 July 2017, the Council of Ministers of Burundi approved the Double Taxation Agreement (DTA) with the United Arab Emirates for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
Germany and Macedonia | On 17 July 2017, Germany ratified the amending protocol of Double Taxation Agreement (DTA) with Macedonia for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
Germany and Armenia | On 17 July 2017, Germany ratified the Double Taxation Agreement (DTA) with Armenia for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. Once in force and effective, the new treaty will replace the existing DTA of 1981. |
South Africa and Turkey | On 15 July 2017, the amending protocol of Double Taxation Agreement (DTA) between South Africa and Turkey was entered into force. The Protocol replaces Exchange of Information Article according to the OECD standard for information exchange and it applies from 15 July 2017. |
Moldova and Belgium | On 7 July 2017, Moldova ratified the amending protocol of Double Taxation Agreement (DTA) with Belgium, published in the Official Gazette No. 277-288 of 4 August 2017. Once in force and effective, the new treaty will replace the existing DTA of 1987. |
Austria and Israel | On 5 July 2017, the Federal Council of Austria approved the Double Taxation Agreement (DTA) with Israel. Once in force and effective, the new treaty will replace the existing DTA of 1970. |
Egypt and Saudi Arabia | On 1 July 2017, the Double Taxation Agreement (DTA) between Egypt and Saudi Arabia was entered into force and it will apply from 1 January 2018. The agreement contains Dividends rate 5% for at least 20% holding; otherwise 10%, Interest rate 10% and Royalties rate 10%. |
China and Romania | On 17 June 2017, the Double Taxation Agreement between China and Romania was entered into force and it will apply from 1 January 2018. From this date, the new treaty will replace the existing DTA of 1991. The agreement contains Dividends rate 3%, Interest rate 3% and Royalties rate 3%. |
Belarus and Pakistan | On 7 June 2017, the amending protocol of Double Taxation Agreement (DTA) between Belarus and Pakistan was entered into force. This protocol amends Taxes Covered Article, Shipping and Air Transport Article, Dividends (from 10% to 11%) and Exchange of Information Article. The protocol applies in Belarus from 1 January 2018 and in Pakistan from 1 July 2017. |
Austria and India | On 1 June 2017, the Federal Council of Austria approved the amending protocol of Double Taxation Agreement (DTA) with India. |
Tax Treaty News: August 2017
05 September, 2017