Chile and Netherlands | On 30 November 2022, the Double Taxation Agreement (DTA) between Chile and Netherlands entered into force. The DTA contains withholding tax rates for Dividends 5% for at least 25% capital holding; otherwise, 15%, Interest 10%, Royalties 10%. The DTA will apply from 1 January 2023. |
Japan and Switzerland | On 30 November 2022, the amending protocol to the Double Taxation Agreement (DTA) between Japan and Switzerland entered into force. The protocol will apply from 1 January 2023. |
Brazil and UK | On 29 November 2022, the Double Taxation Agreement (DTA) between Brazil and the United Kingdom (UK) was signed. Once in force and effective, the new DTA will replace the former Treaty of 2005. |
Benin and Morocco | On 28 November 2022, the Double Taxation Agreement (DTA) between Benin and Morocco entered into force. The DTA will apply from 1 January 2023. |
Hong Kong and Mauritius | On 25 November 2022, the Mauritian Cabinet approved 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. |
Italy and Switzerland | On 24 November 2022, the Italian cabinet approved a draft law ratifying the amending protocol to the Double Taxation Agreement (DTA) with Switzerland. |
Andorra and Czech Republic | On 23 November 2022, the Double Taxation Agreement (DTA) between Andorra and the Czech Republic was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
Bulgaria and Germany | On 23 November 2022, the Bulgarian National Assembly approved the amending protocol to the Double Taxation Agreement (DTA) with Germany. |
Comoros Islands and Morocco | On 21 November 2022, the Moroccan House of Representatives approved the Double Taxation Agreement (DTA) with Comoros Islands. |
Brazil and Norway | On 18 November 2022, the Norwegian Cabinet approved the Double Taxation Agreement (DTA) with Brazil. |
Croatia and US | On 17 November 2022, Croatian government declared that, Croatia has authorized to sign the Double Taxation Agreement (DTA) with the United States (US). |
Switzerland and Tajikistan | On 16 November 2022, the Swiss Federal Council adopted the dispatch on the protocol of amendment to the Double Taxation Agreement (DTA) with Tajikistan. The protocol implements the BEPS minimum standards for double taxation agreements. |
Belarus and Ukraine | On 16 November 2022, the Ukrainian parliament passed draft Law No. 0170 to terminate the Double Taxation Agreement (DTA) with Belarus. |
Madagascar and Morocco | On 14 November 2022, the Double Taxation Agreement (DTA) between Madagascar and Morocco was entered into force. The DTA contains withholding tax rates for Dividends 10%, Interest 10%, and Royalties 10%. The DTA will apply from 1 January 2023. |
Georgia and Poland | On 14 November 2022, Mr. Andrzej Duda, the President of Poland signed a law ratifying the Double Taxation Agreement (DTA) with Georgia. Once in force and effective, the new DTA will replace the former DTA of 1999. |
Liechtenstein and Romania | On 10 November 2022, the Double Taxation Agreement (DTA) between Liechtenstein and Romania was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. The DTA is in line with OECD BEPS standards and contains withholding tax exemption on dividends and a 5% withholding tax on interest and royalties. |
Bulgaria and Germany | On 9 November 2022, the Bulgarian Council of Ministers approved the amending protocol to the Double Taxation Agreement (DTA) with Germany. |
France and Luxembourg | On 7 November 2022, France and Luxembourg signed an amending protocol to the Double Taxation Agreement (DTA) between them. |
Hong Kong and Mauritius | On 7 November 2022, the Double Taxation Agreement (DTA) between Hong Kong and Mauritius was signed. The DTA contains withholding tax rates for Dividends 0% for at least 10% capital holding; otherwise, 5%, Interest 5%, Royalties 5%. |
Egypt and Oman | On 6 November 2022, Oman’s Shura Council approved the Double Taxation Agreement (DTA) with Egypt. |
Switzerland and UAE | On 5 November 2022, officials from Switzerland and the United Arab Emirates (UAE) signed an amending protocol to the Double Taxation Agreement (DTA) between them. |
Brazil and Norway | On 4 November 2022, the Double Taxation Agreement (DTA) between Brazil and Norway was signed. The DTA contains withholding tax rates for Dividends 10% for at least 25% capital holding; otherwise, 15%, Interest 10% if the beneficial owner is a bank; otherwise, 15%, Royalties 15% for the use of or the right to use trademarks; otherwise, 10%, and Fees for Technical Services 10%. Once in force and effective, the new DTA will replace the former DTA of 1980. |
Guernsey, Ireland, and Isle of Man | On 4 October 2022, Ireland ratified the amending protocols to the Double Taxation Agreements (DTAs) with Guernsey and Isle of Man. |
Bahrain and Morocco | On 11 April 2022, the amending protocol to the Double Taxation Agreement (DTA) between Bahrain and Morocco entered into force. The protocol applied from 1 June 2022. |
Ecuador and UAE | On 1 August 2021, the Double Taxation Agreement (DTA) between Ecuador and the United Arab Emirates (UAE) was entered into force. The DTA contains withholding tax rates for Dividends 10%, Interest 10%, and Royalties 10% for the use of, or the right to use industrial, commercial, or scientific equipment; otherwise, 15%. The DTA applied from 1 January 2022. |
Tax Treaty News: December 2022
21 December, 2022