Kosovo and Saudi Arabia | On 1 August 2020, the Double Taxation Agreement (DTA) between Kosovo and Saudi Arabia was entered into force and applies from 1 January 2021. The DTA contains Dividends rate 5%, Interest rate 5%, and Royalties rate varies between 5% and 10%. |
Algeria and Netherlands | On 31 July 2020, the Double Taxation Agreement (DTA) between Algeria and the Netherlands was entered into force and applies from 1 January 2021. The DTA contains Dividends rate 5% for at least 10% capital holding; otherwise 15%, Interest rate 8%, and Royalties rate varies between 5% and 10%. |
Kosovo and Netherlands | On 29 July 2020, the Double Taxation Agreement (DTA) between Kosovo and the Netherlands was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in Pristina. The previous DTA between Kosovo and the Netherlands was terminated on 1 January 2019. |
Japan and Spain | On 28 July 2020, the Cabinet of Spain approved the Double Taxation Agreement (DTA) with Japan. Once in force and effective, the new DTA will replace the former DTA of 1974. |
Kazakhstan and Luxembourg | On 22 July 2020, the Luxembourg’s Chamber of Deputies approved the amending protocol to the Double Taxation Agreement (DTA) with Kazakhstan. |
Botswana and Luxembourg | On 22 July 2020, the Chamber of Deputies of Luxembourg approved the Double Taxation Agreement (DTA) with Botswana. |
France and Luxembourg | On 22 July 2020, the Senate of France approved the amending protocol to the Double Taxation Agreement (DTA) with Luxembourg. |
Japan and Serbia | On 21 July 2020, the Government of Japan and Serbia signed a Double Taxation Agreement (DTA) in Belgrade. The DTA contains Dividends rate 5% for at least 25% voting power; otherwise 10%, Interest rate 10%, and Royalties rate varies between 5% and 10%. |
Cyprus and Switzerland | On 20 July 2020, Switzerland and Cyprus signed a protocol amending their agreement for the avoidance of double taxation with respect to taxes on income and capital (DTA), in Nicosia. This protocol implements the minimum standards for double taxation agreements from the BEPS project. |
Kenya and Portugal | On 16 July 2020, the Cabinet of Portugal approved the Double Taxation Agreement (DTA) with Kenya. |
Malta and Switzerland | On 16 July 2020, Switzerland and Malta signed a protocol amending their agreement for the avoidance of double taxation with respect to taxes on income (DTA). This protocol implements the minimum standards for double taxation agreements of the BEPS project. |
Azerbaijan, Cape Verde and Spain | On 15 July 2020, the lower house of parliament of Spain approved the ratification of the Double Taxation Agreement (DTA) with Azerbaijan and the DTA with Cape Verde. |
Benin and Morocco | On 15 July 2020, the Cabinet of Benin approved the Double Taxation Agreement (DTA) with Morocco. |
Austria and Ukraine | On 15 July 2020, the Austrian Federal Council approved the amending protocol to the Double Taxation Agreement (DTA) with Ukraine. |
Liechtenstein and Switzerland | On 14 July 2020, Switzerland and Liechtenstein signed a protocol amending their Double Taxation Agreement (DTA). This protocol implements the minimum standards for double taxation agreements resulting from the BEPS project. |
Liechtenstein and Switzerland | On 14 July 2020, an amending protocol was signed between Liechtenstein and Switzerland to update the Double Taxation Agreement (DTA) between them, in Bern. |
Hungary and Pakistan | On 14 July 2020, an amending protocol was signed between Hungary and Pakistan to update the Double Taxation Agreement (DTA) between them, in Islamabad. |
India and Iran | On 12 July 2020, the Parliament of Iran approved the Double Taxation Agreement (DTA) with India. |
Turkey and Uzbekistan | On 9 July 2020, the amending protocol to the Double Taxation Agreement (DTA) between Turkey and Uzbekistan was entered into force and applies from 1 January 2021. |
China, Colombia, Italy, Jamaica, and Uruguay | On 8 July 2020, the Italian Senate approved the Double Taxation Agreement (DTA) with China, Colombia, Jamaica, and Uruguay for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
Ecuador and Italy | On 8 July 2020, the Italian Senate approved the amending protocol to the Double Taxation Agreement (DTA) with Ecuador. |
Bulgaria and Malta | On 8 July 2020, the Bulgarian Council of Ministers approved the signing of a draft Double Taxation Agreement (DTA) with Malta for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
Austria, Tajikistan, and Ukraine | On 7 July 2020, the Austrian National Council approved the amending protocol to the Double Taxation Agreement (DTA) with Ukraine and Tajikistan. |
Liechtenstein and Netherlands | On 7 July 2020, the government of Liechtenstein approved the Double Taxation Agreement (DTA) with the Netherlands. |
Japan and Morocco | On 6 July 2020, the Cabinet of Morocco approved the Double Taxation Agreement (DTA) with Japan. |
Cambodia and Indonesia | On 3 July 2020, the government of Indonesia ratified the Double Taxation Agreement (DTA) with Cambodia. |
Bahrain and Pakistan | On 30 June 2020, Bahrain ratified the amending protocol to the Double Taxation Agreement (DTA) with Pakistan. |
Kenya and Mauritius | On 26 June 2020, the Government of Kenya gazetted the Double Taxation Agreement (DTA) with Mauritius. |
Hong Kong and Macau | On 22 June 2020, Macau ratified the Double Taxation Agreement (DTA) with Hong Kong. The DTA contains Dividends rate 5%, Interest rate 5%, and Royalties rate 3%. |
Armenia and Denmark | On 22 June 2020, Denmark confirms that the Double Taxation Agreement (DTA) with Armenia has entered into force on 22 October 2019 and applies from 1 January 2020. |
Finland and Isle of Man | On 15 June 2020, Finland signed an amending protocol to update the Double Taxation Agreement (DTA) with Isle of Man. |
Botswana and Mauritius | On 27 February 2020, the amending protocol to the Double Taxation Agreement (DTA) between Botswana and Mauritius was entered into force and applies from 27 February 2020. |
Tax Treaty News: August 2020
11 August, 2020