Netherlands and Zambia | On 31 March 2018, the Double Taxation Agreement (DTA) between the Netherlands and Zambia was entered into force and will apply from 1 January 2019. From this date, the new DTA replaces the existing DTA of 1977. |
Czech Republic and Turkmenistan | On 27 March 2018, the Double Taxation Agreement (DTA) between Czech Republic and Turkmenistan was entered into force. The agreement contains Dividends rate 10%, Interest rate 10% and Royalties rate 10%. The Agreement will apply from 1 January 2019. |
Nigeria and Singapore | On 26 March 2018, Mr. Muhammadu Buhari, the president of Nigeria ratified the Double Taxation Agreement (DTA) with Singapore. |
Oman and Slovak Republic | On 25 March 2018, the Double Taxation Agreement (DTA) between Oman and the Slovak Republic was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in Muscat. |
Jamaica and Mexico | On 24 March 2018, the Double Taxation Agreement (DTA) between Jamaica and Mexico was entered into force. The agreement contains Dividends rate 5% for at least 25% holding; otherwise 10%, Interest rate 10% and Royalties rate 10%. The Agreement will apply from 1 January 2019. |
Armenia and Israel | On 22 March 2018, Armenia approved the ratification of the Double Taxation Agreement (DTA) with Israel. |
Luxembourg and Cyprus | On 22 March 2018, the parliament of Luxembourg approved the ratification of the Double Taxation Agreement (DTA) with Cyprus. |
Belgium and Japan | On 22 March 2018, the parliament of Belgium approved the Double Taxation Agreement (DTA) with Japan. Once in force and effective, the new DTA will replace the existing DTA of 1968. |
Bosnia and Herzegovina and Romania | On 22 March 2018, Mr. Klaus Iohannis, the president of Romania ratified the Double Taxation Agreement (DTA) with Bosnia and Herzegovina. Once in force and effective, the new DTA will replace the existing DTA of 1986. |
Cyprus and UK | On 22 March 2018, the Double Taxation Agreement (DTA) between Cyprus and the United Kingdom was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in Nicosia. The agreement contains Dividends rate 0%, Interest rate 0% and Royalties rate 0%. Once in force and effective, the new DTA will replace the existing DTA of 1974. |
India and Qatar | On 21 March 2018, based on a press release by the Indian government, the Union Cabinet has approved the revision of the Double Taxation Agreement (DTA) with Qatar. The revised DTA updates the provisions for exchange of information to latest standard, includes Limitation of Benefits provision to prevent treaty shopping. |
Argentina and Brazil | On 21 March 2018, the Senate of Argentina approved the amending protocol of Double Taxation Agreement (DTA) with Brazil. |
Austria and Japan | On 21 March 2018, the National Council of Austria approved the Double Taxation Agreement (DTA) with Japan. Once in force and effective, the new DTA will replace the existing DTA of 1961. |
Qatar and Ukraine | On 20 March 2018, the Double Taxation Agreement (DTA) between Qatar and Ukraine was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in Doha. |
France and Luxembourg | On 20 March 2018, the Double Taxation Agreement (DTA) between France and Luxembourg was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in Paris. Once in force and effective, the new DTA will replace the existing DTA of 1958. |
Ghana and Switzerland | On 20 March 2018, the Parliament of Ghana approved the amending protocol of Double Taxation Agreement (DTA) with Switzerland to update Exchange of Information Article in accordance with the OECD standard for information exchange. |
Bahrain and Switzerland | On 19 March 2018, the Cabinet of Bahrain approved to sign the Double Taxation Agreement (DTA) with Switzerland for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
Hong Kong and India | On 19 March 2018, the Double Taxation Agreement (DTA) between Hong Kong and India was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in Hong Kong. The agreement contains Dividends rate 5%, Interest rate 10% and Royalties rate 10%. |
UAE, Cameroon, Ecuador, and Saint Kitts and Nevis | On 19 March 2018, the United Arab Emirates president issued the federal decrees for the ratification of the Double Taxation Agreement (DTA) with Cameroon, Ecuador, and Saint Kitts and Nevis. |
Malawi and Netherlands | On 15 March 2018, the Dutch lower house of parliament approved the Double Taxation Agreement (DTA) with Malawi. |
Mauritania and UAE | On 15 March 2018, Mauritania’s Council of Minister approved the Double Taxation Agreement (DTA) with the United Arab Emirates. |
Turkmenistan and UAE | On 15 March 2018, the amending protocol of Double Taxation Agreement (DTA) between Turkmenistan and the United Arab Emirates was signed in Abu Dhabi. |
UK and Colombia | On 14 March 2018, the United Kingdom ratified the Double Taxation Agreement (DTA) with Colombia. |
UK and Lesotho | On 14 March 2018, the United Kingdom ratified the Double Taxation Agreement (DTA) with Lesotho. Once in force and effective, the new DTA will replace the existing DTA of 1997. |
Armenia and Denmark | On 14 March 2018, the Double Taxation Agreement (DTA) between Armenia and Denmark was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in Copenhagen. |
Bahrain and Thailand | On 14 March 2018, Bahrain ratified the amending protocol of Double Taxation Agreement (DTA) with Thailand for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
India and Iran | On 14 March 2018, Indian government announced that the Union Cabinet has approved the Double Taxation Agreement (DTA) with Iran for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
Georgia and Saudi Arabia | On 14 March 2018, the Double Taxation Agreement (DTA) between Georgia and Saudi Arabia was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
Andorra and Hungary | On 13 March 2018, Mr. Viktor Orbán, the Prime Minister of Hungary authorized the Minister of National Economy to sign the Double Taxation Agreement (DTA) with Andorra for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
Netherlands and Ukraine | On 12 March 2018, the amending protocol of Double Taxation Agreement (DTA) between the Netherlands and Ukraine was signed in the Hague. |
Tajikistan and Uzbekistan | On 9 March 2018, the Double Taxation Agreement (DTA) between Tajikistan and Uzbekistan was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in Dushanbe. |
Portugal and India | On 8 March 2018, the Council of Ministers of Portugal approved the amending protocol of Double Taxation Agreement (DTA) with India to update Exchange of Information Article in accordance with the OECD standard for information exchange. |
Portugal and Finland | On 8 March 2018, the Council of Ministers of Portugal approved the Double Taxation Agreement (DTA) with Finland. Once in force and effective, the new DTA will replace the existing DTA of 1970. |
Mali and UAE | On 6 March 2018, the Double Taxation Agreement (DTA) between Mali and the United Arab Emirates was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in Bamako. |
Azerbaijan and Morocco | On 5 March 2018, the Double Taxation Agreement (DTA) between Azerbaijan and Morocco was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in Baku. |
Georgia and Moldova | On 1 March 2018, the Moldovan Parliament approved the Double Taxation Agreement (DTA) with Georgia for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
Chile and UK | On 28 February 2018, HMRC confirmed that the Double Taxation Agreement (DTA) with Chile contains a ‘Most Favoured Nation’ (MFN) clause in relation to paragraph (2) of Article 11 (interest) and paragraph (2) of Article 12 (royalties). The MFN can be found in the Exchange of Notes. The MFN was triggered following entry into force of the Chile-Japan DTA. That DTA entered into force on 1 January 2017. |
Belgium and Uganda | On 28 February 2018, Belgium published the decree for the ratification of the Double Taxation Agreement (DTA) with Uganda. The agreement contains Dividends rate 5% for at least 10% holding; otherwise 15%, Interest rate 10% and Royalties rate 10%. |
Bangladesh and Morocco | On 28 February 2018, the Double Taxation Agreement (DTA) between Bangladesh and Morocco was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in Rabat. |
Switzerland and Kosovo | On 26 February 2018, Switzerland 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. |
Bosnia and Herzegovina and Romania | On 26 February 2018, the Senate of Romania approved the Double Taxation Agreement (DTA) with Bosnia and Herzegovina. Once in force and effective, the new DTA will replace the existing DTA of 1986. |
Switzerland and Latvia | On 26 February 2018, Switzerland approved the amending protocol of Double Taxation Agreement (DTA) with Latvia. |
Belarus and Indonesia | On 26 February 2018, Indonesia ratified the Double Taxation Agreement (DTA) with Belarus. The agreement contains Dividends rate 10%, Interest rate 10% and Royalties rate 10%. |
Switzerland and Pakistan | On 26 February 2018, Switzerland approved the Double Taxation Agreement (DTA) with Pakistan 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 2005. |
Cape Verde and Spain | On 22 February 2018, the Council of Ministers of Cape Verde 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. |
Israel and Macedonia | On 20 February 2018, Macedonia ratified the Double Taxation Agreement (DTA) with Israel. |
Bahrain and Philippines | On 19 February 2018, Bahrain ratified the amending protocol of Double Taxation Agreement (DTA) with Philippines for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
Luxembourg and Senegal | On 15 February 2018, Mr. Macky Sall, the President of Senegal ratified the Double Taxation Agreement (DTA) with Luxembourg. |
Estonia and Kyrgyzstan | On 7 February 2018, the Double Taxation Agreement (DTA) between Estonia and Kyrgyzstan was entered into force and applies from 1 January 2019. The agreement contains Dividends rate 5% for at least 20% holding; otherwise 10%, Interest rate 10% and Royalties rate 5%. |
Barbados and Portugal | On 6 October 2017, the Double Taxation Agreement (DTA) between Barbados and Portugal was entered into force and applies from 1 January 2018. The agreement contains Dividends rate 5% for at least 25% holding; otherwise 15%, Interest rate 10% and Royalties rate 5%. |
Turkey and Vietnam | On 9 June 2017, the Double Taxation Agreement (DTA) between Turkey and Vietnam was entered into force and applies from 1 January 2018. The agreement contains Dividends rate 5% for at least 50% holding, 10% for at least 25% holding; otherwise 15%, Interest rate 10% and Royalties rate 10%. |
Tax Treaty News: March 2018
05 April, 2018