Ecuador and Japan | On 28 December 2019, the Double Taxation Agreement (DTA) between Ecuador and Japan will enter into force and applies from 1 January 2020 for other taxes. |
Czech (Rep.) and Korea (Rep.) | On 28 November 2019, the Czech Senate approved the Double Taxation Agreement (DTA) with Korea (Rep). Once in force and effective, the new DTA will replace the former DTA of 1992. |
Norway and Nordic Convention | On 28 November 2019, the amending protocol to the Nordic tax treaty (Denmark, the Faroe Islands, Finland, Iceland, Norway, and Sweden) was entered into force in respect of Norway and applies from 1 January 2020. |
Chile and India | On 27 November 2019, the Union Cabinet of India approved the signing of the Double Taxation Agreement (DTA) and Protocol with the Republic of Chile for the elimination of double taxation and the prevention of fiscal evasion and avoidance with respect to taxes on income. |
China and Macau | On 27 November 2019, China and Macau signed an amending protocol to the Double Taxation Agreement (DTA) between them, in Macau. |
Korea (Rep.) and Cambodia | On 25 November 2019, the Double Taxation Agreement (DTA) between Cambodia and Korea (Rep.) was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
Bahrain and Switzerland | On 23 November 2019, Bahrain and Switzerland signed the Double Taxation Agreement (DTA) in Manama. The agreement contains Dividends rate 5% for at least 10% capital holding; otherwise 15%, Interest rate 0%, and Royalties rate 0%. |
Hong Kong and Macau | On 22 November 2019, Hong Kong signed the Double Taxation Agreement (DTA) with Macau for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. This Arrangement is the 43rd comprehensive avoidance of the double taxation agreement that Hong Kong has signed with its trading partners. |
Luxembourg and Lithuania | On 22 November 2019, the administration of Luxembourg published a press release announcing that the conditions for the activation of the most favoured nation (MFN) clause contained in the Royalties article to the Double Taxation Agreement (DTA) with Lithuania has been triggered with effect from 1 January 2019. |
Ecuador and Japan | On 18 November 2019, the President of Ecuador signed a Decree ratifying the Double Taxation Agreement (DTA) with Japan. |
Guernsey and Estonia | On 18 November 2019, the Double Taxation Agreement (DTA) between Estonia and Guernsey was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
Japan and Peru | On 18 November 2019, the Double Taxation Agreement (DTA) between Japan and Peru was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in Lima. The agreement contains Dividends rate 10%, Interest rate 10%, and Royalties rate 15%. |
Ghana and UAE | On 18 November 2019, the Double Taxation Agreement (DTA) between Ghana and the United Arab Emirates (UAE) was signed in Abu Dhabi. |
Cyprus and Ukraine | On 15 November 2019, Mr. Volodymyr Zelensky, the President of Ukraine signed a law ratifying the amending protocol to the Double Taxation Agreement (DTA) with Cyprus. |
Ukraine and UK | On 15 November 2019, the President of Ukraine signed a law ratifying the amending protocol to the Double Taxation Agreement (DTA) with the United Kingdom (UK). |
France and Luxembourg | On 15 November 2019, the Council of government of Luxembourg approved the amending protocol to the Double Taxation Agreement (DTA) with France. |
Hong Kong and Macau | On 14 November 2019, Macau approved to sign the Double Taxation Agreement (DTA) with Hong Kong. |
Egypt and UAE | On 14 November 2019, the Double Taxation Agreement (DTA) between Egypt and the United Arab Emirates (UAE) was signed in Abu Dhabi. Once in force and effective, the new DTA will replace the former DTA of 1994. |
Sweden and Portugal | On 13 November 2019, the parliament of Sweden approved the bill for the ratification of the protocol to the Double Taxation Agreement (DTA) with Portugal. |
Liechtenstein and Lithuania | On 13 November 2019, the parliament of Lithuania approved the Double Taxation Agreement (DTA) with Liechtenstein. |
Bulgaria and Netherlands | On 13 November 2019, the Bulgarian Council of Ministers authorized to sign the Double Taxation Agreement (DTA) with the Netherlands. |
Brazil and UAE | On 12 November 2018, The Double Taxation Agreement (DTA) between Brazil and the United Arab Emirates (UAE) was signed. The agreement contains Dividends rate 5% if the beneficial owner is a Contracting State, any political subdivision or local government thereof or a government institution; otherwise 15%, Interest rate 10% if the beneficial owner is a bank; otherwise 15%, Royalties rate 15% and Fees for Technical Services 15%. |
Mauritania and Saudi Arabia | On 12 November 2019, the cabinet of Saudi Arabia approved the Double Taxation Agreement (DTA) with Mauritania. |
Finland and Germany | On 8 November 2019, the President of Finland approved to sign an amending protocol to the Double Taxation Agreement (DTA) with Germany. |
Liechtenstein and Lithuania | On 8 November 2019, the parliament of Liechtenstein approved the Double Taxation Agreement (DTA) with Lithuania. |
Gabon and Saudi Arabia | On 7 November 2019, the cabinet of Gabon approved the Double Taxation Agreement (DTA) with Saudi Arabia for ratification. |
Latvia and Saudi Arabia | On 7 November 2019, the Minister of Foreign Affairs of Latvia, Mr. Edgars Rinkēvičs and the Minister of Finance of Saudi Arabia, Mohammed bin Abdullah Al-Jadaan signed the Double Taxation Agreement (DTA) between the Government of the Republic of Latvia and the Kingdom of Saudi Arabia for the Avoidance of Double Taxation with Respect to Taxes on Income and on Capital and the Prevention of Fiscal Evasion. |
Morocco and Rwanda | On 6 November 2019, the President of the Republic of Rwanda ratified the Double Taxation Agreement (DTA) with Morocco. |
Kuwait and Switzerland | On 6 November 2019, Kuwait and Switzerland signed and amending protocol to update the Double Taxation Agreement (DTA) for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
Brazil and India | On 6 November 2019, the Union Cabinet of India approved the signing of the Protocol amending the Double Taxation Agreement (DTA) with the Government of the Federative Republic of Brazil for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
Switzerland, New Zealand, Netherlands, Norway and Sweden | On 6 November 2019, the Swiss Federal Council adopted the protocols of amendment to the Double Taxation Agreement (DTA) with New Zealand, the Netherlands, Norway and Sweden. The protocols implement the minimum standards for DTA. The protocols of amendment contain an abuse clause which refers to the main purpose of an arrangement or transaction and thus ensures that the DTAs are not abused. |
Cambodia and Hong Kong | On 4 November 2019, the Parliament of Cambodia approved the Double Taxation Agreement (DTA) with Hong Kong. |
Monaco and Montenegro | On 31 October 2019, the government of Montenegro released a draft bill to ratify the Double Taxation Agreement (DTA) with Monaco. |
Czech (Rep.) and Kyrgyzstan | On 30 October 2019, the Czech Senate approved the ratification of the Double Taxation Agreement (DTA) with Kyrgyzstan. |
Malaysia and Ukraine | On 30 October 2019, Mr. Volodymyr Zelensky, the President of Ukraine signed a bill ratifying the Double Taxation Agreement (DTA) with Malaysia. |
Israel and UK | On 28 October 2019, the amending protocol to the Double Taxation Agreement (DTA) between Israel and United Kingdom (UK) was entered into force and applies from 1 January 2020. |
Colombia and UK | On 22 October 2019, the Colombian Constitutional Court approved the law for the ratification of the Double Taxation Agreement (DTA) with the United Kingdom (UK). |
Guernsey and Isle of Man | On 18 October 2019, the amending protocol to the Double Taxation Agreement (DTA) between Guernsey and Isle of Man was signed by the Isle of Man and by Guernsey on 12 November 2019. |
Tax Treaty News: December 2019
19 December, 2019