Brazil and China | On 23 May 2022, an amending protocol to the Double Taxation Agreement (DTA) between Brazil and China was signed to update the agreement. |
Russia and Ukraine | On 22 May 2022, the Ukrainian parliament approved the bill for the termination of the Double Taxation Agreement (DTA) with Russia. According to the DTA, the termination would apply from 1 January 2023, if the notice of termination is given by the end of June 2022. |
Japan and Switzerland | On 20 May 2022, the Japanese House of Councilors (Sangiin) approved the amending protocol to the Double Taxation Agreement (DTA) with Switzerland. |
Kenya and Netherlands | On 19 May 2022, the Dutch Ministry of Finance announced the withdrawal of the bill ratifying the Double Taxation Agreement (DTA) with Kenya. Kenya and the Netherlands plan to negotiate a new DTA in 2022. |
Belgium and Luxembourg | On 17 May 2022, the Chamber of Deputies of Luxembourg approved the amending protocol to the Double Taxation Agreement (DTA) with Belgium. |
Portugal and Timor-Leste | On 16 May 2022, the Council of Ministers of Timor-Leste approved the Double Taxation Agreement (DTA) with Portugal for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
Angola and Rwanda | On 13 May 2022, Rwanda’s Cabinet approved the Double Taxation Agreement (DTA) with Angola for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
Latvia and Russia | On 12 May 2022, the Latvian parliament (Saeima) supported in the second and final reading an urgent Draft Law that stipulates the suspension of the Double Taxation Agreement (DTA) with Russia. The agreements has suspended from 16 May 2022 until the Russian Federation ends the violations of international law regarding Ukraine. |
France and Greece | On 11 May 2022, the Double Taxation Agreement (DTA) between France and Greece was signed. Once in force and effective, the new DTA will replace the former DTA of 1963. |
Armenia and Switzerland | On 4 May 2022, the Swiss Federal Council adopted the dispatch on the protocol of amendment to the Double Taxation Agreement (DTA) with Armenia. The protocol implements the BEPS minimum standards for DTA. |
Congo (Dem. Rep.) and Turkey | On 29 April 2022, the Cabinet of the Democratic Republic of the Congo approved the Double Taxation Agreement (DTA) with Turkey. |
Kyrgyzstan and UK | On 29 April 2022, Kyrgyzstan published the law for the ratification of the Double Taxation Agreement (DTA) with the United Kingdom (UK). |
Cyprus and Jordan | On 11 April 2022, the Double Taxation Agreement (DTA) between Cyprus and Jordan entered into force. The DTA contains withholding tax rates for Dividends 5% for at least 10% capital holding; otherwise 10%, Interest 5%, Royalties and Technical services 7%. The DTA will apply from 1 January 2023. |
Lithuania and Morocco | On 4 April 2022, the Double Taxation Agreement (DTA) between Lithuania and Morocco entered into force. The DTA contains withholding tax rates for Dividends 5% for at least 10% capital holding; otherwise 10%, Interest 10%, Royalties and Technical services 10%. The DTA will apply from 1 January 2023. |
Tax Treaty News: June 2022
18 June, 2022