Tax Treaty News: January 2021

Romania and Spain	On 14 January 2021, the Double Taxation Agreement (DTA) between Romania and Spain will enter into force. The DTA will apply from 1 January 2022. The DTA contains Dividends rate 0% for at least 10% capital holding; otherwise 5%, Interest rate 3%, and Royalties rate 3%.
Azerbaijan and Spain	On 13 January 2021, the Double Taxation Agreement (DTA) between Azerbaijan and Spain entered into force. The DTA will apply from 1 January 2022. The DTA contains Dividends rate 5% for at least 25% capital holding; otherwise 10%, Interest rate 8%, and Royalties rate varies between 5% and 10%.
Cape Verde and Spain	On 7 January 2021, the Double Taxation Agreement (DTA) between Cape Verde and Spain entered into force. The DTA contains Dividends rate 0% for at least 25% capital holding; otherwise 10%, Interest rate 5%, and Royalties rate 5%.
Malta and Russia	On 1 January 2021, the amending protocol to the Double Taxation Agreement (DTA) between Malta and Russia entered into force and applied from same date.
Sweden and Switzerland	On 31 December 2020, the amending protocol to the Double Taxation Agreement (DTA) between Sweden and Switzerland entered into force and applied from 1 January 2021.
Cyprus, Luxembourg, and Russia	On 30 December 2020, Mr. Vladimir Putin, the President of Russia signed laws ratifying the amending protocol to the Double Taxation Agreement (DTA) with Luxembourg and Cyprus.
Hong Kong and Serbia	On 30 December 2020, the Double Taxation Agreement (DTA) between Hong Kong and Serbia entered into force. The agreement will apply from 1 April 2021 for Hong Kong and 1 January 2021 for Serbia.
Argentina and Qatar	On 29 December 2020, the Chamber of Deputies of Argentina approved the Double Taxation Agreement (DTA) with Qatar.
Japan and Peru	On 28 December 2020, the Peru’s Congress 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.
Italy and Switzerland	On 23 December 2020, Italy and Switzerland signed an amending protocol to update the Double Taxation Agreement (DTA) between them.
Brazil, Japan, and Uruguay	On 18 December 2020, the Uruguay’s Senate approved the Double Taxation Agreement (DTA) with Brazil and Japan.
Iraq and Turkey	On 17 December 2020, the Double Taxation Agreement (DTA) between Iraq and Turkey was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in Ankara.
Austria and Ukraine	On 16 December 2020, the Ukraine’s parliament approved a law ratifying the amending protocol to the Double Taxation Agreement (DTA) with Austria.
Bahrain and Switzerland	On 15 December 2020, the National Council of Switzerland approved the Double Taxation Agreement (DTA) with Bahrain. Once in force and effective, the new DTA will replace the former DTA of 2004.
Kuwait and Switzerland	On 15 December 2020, the National Council of Switzerland approved the amending protocol to the Double Taxation Agreement (DTA) with Kuwait.
Estonia and Germany	On 15 December 2020, Estonia and Germany signed an amending protocol to update the Double Taxation Agreement (DTA) between them.
Egypt and UAE	On 15 December 2020, the parliament of Egypt approved the Double Taxation Agreement (DTA) with the United Arab Emirates (UAE). Once in force and effective, the new DTA will replace the former DTA of 1994.
New Zealand and Switzerland	On 10 December 2020, the amending protocol to the Double Taxation Agreement (DTA) between New Zealand and Switzerland entered into force and applied from 1 January 2021.
Germany and Singapore	On 9 December 2020, Germany ratified the amending protocol to the Double Taxation Agreement (DTA) with Singapore.
Saudi Arabia and Taiwan	On 2 December 2020, the Double Taxation Agreement (DTA) between Taiwan and Saudi Arabia was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in Riyadh.
Belarus, China, Japan, and Spain	On 2 December 2020, the Spanish Senate approved the Double Taxation Agreement (DTA) with Belarus, China, and Japan for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.
Malta and Poland	On 1 December 2020, Poland’s Ministry of Finance announced that, Poland and Malta signed an amending protocol to update the Double Taxation Agreement (DTA) between them.
Czech Republic and Kyrgyzstan	On 30 November 2020, the Double Taxation Agreement (DTA) between the Czech Republic and Kyrgyzstan entered into force and applied from 1 January 2021. The DTA contains Dividends rate 5% for at least 15% capital holding; otherwise 10%, Interest rate 5%, and Royalties rate 10%.
Netherlands and Switzerland	On 30 November 2020, the amending protocol to the Double Taxation Agreement (DTA) between the Netherlands and Switzerland entered into force and applied from 1 January 2021.
Germany and Singapore	On 27 November 2020, the Federal Council of Germany approved the amending protocol to the Double Taxation Agreement (DTA) with Singapore.
Hungary and Kyrgyzstan	On 26 November 2020, the government of Hungary published in the Official Gazette the Law No. CXVI of 2020 for the ratification of the Double Taxation Agreement (DTA) with Kyrgyzstan.
UAE and Zimbabwe	On 26 November 2020, Zimbabwe ratified the Double Taxation Agreement (DTA) with the United Arab Emirates (UAE), which was published in the Official Gazette of 4 December 2020.
Ghana and Norway	On 20 November 2020, the Double Taxation Agreement (DTA) between Ghana and Norway was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in Accra.
Ireland and Switzerland	On 21 October 2020, the amending protocol to the Double Taxation Agreement (DTA) between Ireland and Switzerland entered into force and applied from 1 January 2021.