Botswana and Czech Republic | On 26 November 2020, the Double Taxation Agreement (DTA) between Botswana and the Czech Republic entered into force for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. The DTA applies from 1 January 2021 for the Czech Republic and from 1 July 2021 for Botswana. |
Bulgaria and Netherlands | On 25 November 2020, the Council of Ministers of Bulgaria approved the 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. |
Costa Rica and UAE | On 23 November 2020, Legislative Assembly of Costa Rica approved the Double Taxation Agreement (DTA) with the United Arab Emirates (UAE). |
Luxembourg and Russia | On 20 November 2020, the Luxembourg Council of Government approved the amending protocol to the Double Taxation Agreement (DTA) with Russia. |
Angola, Estonia, Lesotho, and Mauritius | On 20 November 2020, the Cabinet of Mauritius authorized to sign the Double Taxation Agreements (DTA) with Angola, Estonia, and Lesotho. The Agreements are in line with the OECD and UN Model agreements on avoidance of double taxation and are compliant with the Base Erosion and Profit Shifting (BEPS) recommendations. |
Cyprus and Russia | On 19 November 2020, the government of Russia approved the amending protocol to the Double Taxation Agreement (DTA) with Cyprus. |
Hungary and Kyrgyzstan | On 17 November 2020, the Hungarian National Assembly approved the Double Taxation Agreement (DTA) with Kyrgyzstan for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
Japan and Morocco | On 16 November 2020, the Moroccan lower house of parliament approved the Double Taxation Agreement (DTA) with Japan. |
Kenya and Portugal | On 11 November 2020, Mr. Marcelo Rebelo de Sousa, the President of Portugal signed a decree ratifying the Double Taxation Agreement (DTA) with Kenya. The DTA contains Dividends rate 7.5% for at least 10% capital holding; otherwise 10%, Interest rate 10%, Royalties rate 10%, and Technical fees for managerial, technical, or consultancy services is 10%. |
Bangladesh, Botswana, Czech Republic, and Kyrgyzstan | On 11 November 2020, the Czech Republic ratified the Double Taxation Agreements (DTA) with Bangladesh, Botswana, and Kyrgyzstan. |
Cyprus, Liechtenstein, Malta, and Switzerland | On 11 November 2020, the Swiss Federal Council adopted the protocols of amendment to the Double Taxation Agreements (DTA) with Liechtenstein, Malta, and Cyprus. The protocols implement the minimum standards for DTAs. |
Malta and Russia | On 10 November 2020, Malta has published Legal Notice No. 428 in the Official Gazette, declaring that Malta has ratified the amending protocol to the Double Taxation Agreement (DTA) with Russia. |
Luxembourg and Russia | On 6 November 2020, the amending protocol to the Double Taxation Agreement (DTA) between Luxembourg and Russia was signed in Moscow. |
Kazakhstan and Luxembourg | On 6 November 2020, the amending protocol to the Double Taxation Agreement (DTA) between Kazakhstan and Luxembourg was entered into force and applies from 1 January 2021. |
Germany and Singapore | On 5 November 2020, the German lower house of parliament approved the amending protocol to the Double Taxation Agreement (DTA) with Singapore. |
Sierra Leone and Turkey | On 3 November 2020, the Double Taxation Agreement (DTA) between Sierra Leone and Turkey was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in Ankara. |
Israel and Romania | On 3 November 2020, the amending protocol to the Double Taxation Agreement (DTA) between Israel and Romania was signed, in Israel. |
Germany, Liechtenstein, and Switzerland | On 3 November 2020, the government of Liechtenstein approved the amending protocol to the Double Taxation Agreements (DTA) with Germany and Switzerland. |
Burkina Faso, Ghana, Sierra Leone, and UAE | On 1 November 2020, the Cabinet of the United Arab Emirates (UAE) approved the Double Taxation Agreements (DTA) with Burkina Faso, Ghana, and Sierra Leone. |
Japan and Spain | On 29 October 2020, the Spanish lower house of parliament approved the Double Taxation Agreement (DTA) with Japan for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
Netherlands and Poland | On 29 October 2020, the amending protocol to the Double Taxation Agreement (DTA) between the Netherlands and Poland was signed. |
Iraq and Kuwait | On 28 October 2020, the Cabinet of Iraq has approved the Double Taxation Agreement (DTA) with Kuwait for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
Albania and Kosovo | On 27 October 2020, the President of Kosovo signed a decree ratifying the amending protocol to the Double Taxation Agreement (DTA) with Albania. The amendments are compliant with the Base Erosion and Profit Shifting (BEPS) recommendations. |
Norway and Switzerland | On 26 October 2020, the amending protocol to the Double Taxation Agreement (DTA) between Norway and Switzerland was entered into force and applies from 1 January 2021. |
Finland and Germany | On 16 October 2020, Germany ratified the amending protocol to the Double Taxation Agreement (DTA) with Finland. |
Gabon and Italy | On 13 October 2020, Italy has ratified the Double Taxation Agreement (DTA) with Gabon. |
Tax Treaty News: December 2020
11 December, 2020