Tax Treaty News: June 2019

Russia and Sweden	On 1 July 2019, the amending protocol of Double Taxation Agreement (DTA) between Russia and Sweden will enter into force to update the Exchange of Information Article in accordance with the OECD standard for information exchange.
Greece and Singapore	On 30 May 2019, the Double Taxation Agreement (DTA) between Greece and Singapore was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital, in Singapore.
Monaco and Montenegro	On 29 May 2019, the Double Taxation Agreement (DTA) between Monaco and Montenegro was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital.
UAE and Gabon	On 26 May 2019, the Cabinet of the United Arab Emirates (UAE) approved the Double Taxation Agreement (DTA) with Gabon.
Belarus and Sudan	On 23 May 2019, the Government of Belarus has approved the draft law ratifying the Double Taxation Agreement (DTA) with Sudan. The agreement contains Dividends rate 5% for at least 25% capital holding; otherwise 10%, Interest rate 5% and Royalties rate 5%.
Bulgaria and Pakistan	On 21 May 2019, the Double Taxation Agreement (DTA) between Bulgaria and Pakistan was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.
Korea (Rep.) and Switzerland	On 17 May 2019, the officials from Korea (Rep.) and Switzerland has signed an amending protocol to update the Double Taxation Agreement (DTA) between them, in Seoul.
Guyana and UAE	On 16 May 2019, According to a press release of Guyana, the government has approved to sign the Double Taxation Agreement (DTA) with the United Arab Emirates (UAE).
Malta and Monaco	On 16 May 2019, the Double Taxation Agreement (DTA) between Malta and Monaco was entered into force and applies from 1 January 2020. The agreement contains Dividends rate 0%, Interest rate 0% and Royalties rate 0%.
Armenia and Denmark	On 16 May 2019, the Armenian government approved a bill to ratify the Double Taxation Agreement (DTA) with Denmark.
Portugal and Sweden	On 16 May 2019, the officials from Portugal and Sweden has signed an amending protocol to update the Double Taxation Agreement (DTA), in Brussels.
Cyprus and Kazakhstan	On 15 May 2019, the Double Taxation Agreement (DTA) between Cyprus and Kazakhstan was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in Kazakhstan.
Albania and Saudi Arabia	On 15 May 2019, the Council of Ministers of Albania has approved a bill ratifying the Double Taxation Agreement (DTA) with Saudi Arabia.
Korea (Rep.) and Singapore	On 13 May 2019, the Double Taxation Agreement (DTA) between Korea (Rep.) and Singapore was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in Singapore. The agreement contains Dividends rate 10% for at least 25% capital holding; otherwise 15%, Interest rate 10% and Royalties rate 5%. Once in force and effective, the new DTA will replace the existing DTA of 1979.
Iraq and Kuwait	On 12 May 2019, the Double Taxation Agreement (DTA) between Iraq and Kuwait was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.
Japan and Spain	On 10 May 2019, the Japanese lower house of parliament approved the Double Taxation Agreement (DTA) with Spain for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. Once in force and effective, the new DTA will replace the existing DTA of 1974.
Japan and Ecuador	On 10 May 2019, the Japanese lower house of parliament approved the Double Taxation Agreement (DTA) with Ecuador for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.
Japan and Croatia	On 10 May 2019, the Japanese lower house of parliament approved the Double Taxation Agreement (DTA) with Croatia for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.
Japan and Colombia	On 10 May 2019, the Japanese lower house of parliament approved the Double Taxation Agreement (DTA) with Colombia for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.
Switzerland and Ukraine	On 8 May 2019, the Cabinet of Ukraine approved the amending protocol of the Double Taxation Agreement (DTA) with Switzerland.
Liberia and UAE	On 7 May 2019, the Cabinet of Liberia has approved the bill for the ratification of the Double Taxation Agreement (DTA) with the United Arab Emirates (UAE).
Kosovo and Malta	On 7 May 2019, Kosovo published Decree 86/2019 in the Official Gazette for the ratification of the Double Taxation Agreement (DTA) with Malta. The agreement contains Dividends rate 0% for at least 10% capital holding; otherwise 10%, Interest rate 5% and Royalties rate 0%.
Austria and Russia	On 1 May 2019, Mr. Vladimir Putin, the Russian President signed Federal Law No. 67-FZ ratifying the amending protocol to the Double Taxation Agreement (DTA) with Austria.
Liberia and UAE	On 30 April 2019, the Double Taxation Agreement (DTA) between Liberia and the United Arab Emirates (UAE) was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in Abu Dhabi.
Costa Rica and Mexico	On 21 April 2019, the Double Taxation Agreement (DTA) between Costa Rica and Mexico was entered into force and applies from 1 January 2020. The agreement contains Dividends rate 5% for at least 20% capital holding; otherwise 12%, Interest rate 10% and Royalties rate 10%.
Ecuador and Switzerland	On 17 April 2019, the amending protocol of Double Taxation Agreement (DTA) between Ecuador and Switzerland was entered into force to update the Exchange of Information Article in accordance with the OECD standard for information exchange. The protocol applies fiscal periods beginning on or after 1 January 2020.
Qatar and Ukraine	On 9 April 2019, the Double Taxation Agreement (DTA) between Qatar and Ukraine was entered into force and applies from 1 January 2020.
Benin and Morocco	On 25 March 2019, the Double Taxation Agreement (DTA) between Benin and Morocco was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital, in Marrakech .
Azerbaijan and Turkmenistan	On 12 March 2019, the Double Taxation Agreement (DTA) between Azerbaijan and Turkmenistan was entered into force and applies from 1 January 2020. The agreement contains Dividends rate 10%, Interest rate 10% and Royalties rate 10%.
Azerbaijan and Jordan	On 15 February 2016, the Double Taxation Agreement (DTA) between Azerbaijan and Jordan was entered into force and applied from 1 January 2017.