Tax Treaty News: July 2020

10 July, 2020

Mauritius and Zambia	On 22 June 2020, the Zambian Cabinet approved the termination of the Double Taxation Agreement (DTA) with Mauritius. The Cabinet has desire to renegotiate another DTA with Mauritius.
Estonia and Mauritius	On 18 June 2020, the Estonian government approved to sign the Double Taxation Agreement (DTA) with Mauritius for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.
Austria and Ukraine	On 15 June 2020, government officials from Austria and Ukraine signed an amending protocol to the Double Taxation Agreement (DTA). The protocol contains Dividends rate 5% for at least 10% capital holding; otherwise 15%, Interest rate 5%, and Royalties rate varies between 5% and 10%.
Iraq and Kuwait	On 9 June 2020, the Iraqi Cabinet approved the Double Taxation Agreement (DTA) with Kuwait.
Kosovo and Saudi Arabia	On 9 June 2020, the Saudi Arabian Cabinet approved the Double Taxation Agreement (DTA) with Kosovo for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.
Oman and Slovak Republic	On 8 June 2020, Oman ratified the Double Taxation Agreement (DTA) with Slovak Republic for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.
Algeria and Netherlands	On 8 June 2020, Algeria ratified the Double Taxation Agreement (DTA) with the Netherlands.
Iran, Ireland, Korea (Rep.), Netherlands, New Zealand, Norway, Sweden, Switzerland, and Ukraine	On 4 June 2020, the upper house of parliament of Switzerland approved the ratification of the amending protocols to the Double Taxation Agreement (DTA) with Iran, Ireland, South Korea, the Netherlands, New Zealand, Norway, Sweden, and Ukraine.
Liechtenstein and Netherlands	On 3 June 2020, the Double Taxation Agreement (DTA) between Liechtenstein and the Netherlands was signed in Bern. The DTA contains Dividends rate 0% for at least 10% capital holding; otherwise 15%, Interest rate 0%, and Royalties rate 0%.
Canada and Madagascar	On 3 June 2020, the Double Taxation Agreement (DTA) between Canada and Madagascar was entered into force and applies from 1 January 2021.
France and Luxembourg	On 3 June 2020, the government of France approved the ratification of amending protocol to the Double Taxation Agreement (DTA) with Luxembourg.
China and Spain	On 2 June 2020, the Spanish Cabinet approved the Double Taxation Agreement (DTA) with China. Once in force and effective, the new DTA will replace the former DTA of 1990.
Czech Republic and Iraq	On 2 June 2020, the Iraqi Council of Ministers approved to sign a Double Taxation Agreement (DTA) with the Czech Republic.
Belarus and Spain	On 2 June 2020, the Spanish Cabinet approved the Double Taxation Agreement (DTA) with Belarus. The DTA contains Dividends rate 0% for at least 10% capital holding and the participation is at least EUR 1 million, 5% for at least 10% capital holding; otherwise 10%, Interest rate 5%, and Royalties rate 5%. Once in force and effective, the new DTA will replace the former DTA of 1985.
Algeria and Netherlands	On 31 May 2020, the Council of Ministers of Algeria 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.
Spain and Ukraine	On 28 May 2020, Mr. Volodymyr Zelensky, the president of Ukraine authorized the Minister of Finance to sign the Double Taxation Agreement (DTA) and its protocol with Spain.
Gabon and Saudi Arabia	On 28 May 2020, the Senate of Gabon approved the ratification to the Double Taxation Agreement (DTA) with Saudi Arabia.
Sweden and Switzerland	On 20 May 2020, Sweden ratified the amending protocol to the Double Taxation Agreement (DTA) with Switzerland.
China and Macau	On 14 May 2020, the amending protocol to the income tax arrangement between China and Macau was entered into force. The protocol generally applies from 1 January 2021.
Angola and UAE	On 28 March 2020, the Double Taxation Agreement (DTA) between Angola and the United Arab Emirates (UAE) was entered into force and applies from 1 January 2018. The DTA contains Dividends rate 8%, Interest rate 8%, and Royalties rate 8%.