Ireland and Netherlands | On 29 February 2020, the Double Taxation Agreement (DTA) between Ireland and Netherlands was entered into force and applies from 1 January 2021. The new DTA replaced the former DTA of 1969. |
Korea (Rep.) and UAE | On 29 February 2020, the Double Taxation Agreement (DTA) between Korea (Rep.) and United Arab Emirates (UAE) was entered into force and applies from 1 January 2021. The new DTA replaced the former DTA of 2003. The DTA contains Dividends rate 5% for at least 10% capital holding; otherwise 10%, Interest rate 10% and Royalties rate 10%. |
Azerbaijan and Spain | On 25 February 2020, the Spanish Cabinet approved the Double Taxation Agreement (DTA) with Azerbaijan. |
India and Iran | On 22 February 2020, Iran’s Ministry of Economic Affairs and Finance announced that, Consultative Assembly approved the Double Taxation Agreement (DTA) with India. |
Estonia and Guernsey | On 20 February 2020, the Estonian president signed a law ratifying the Double Taxation Agreement (DTA) with Guernsey. |
Armenia and Malta | According to Legal Notice No. 28 of 2020 published on 20 February 2020, Malta has ratified the Double Taxation Agreement (DTA) with Armenia. |
Latvia and Saudi Arabia | On 20 February 2020, the parliament of Latvia approved the Double Taxation Agreement (DTA) with Saudi Arabia. The DTA contains Dividends rate 0% for at least 25% capital holding; otherwise 5%, Interest rate 0% if the beneficial owner is a company; otherwise 5%, and Royalties rate 5% for the use of, or the right to use, industrial, commercial or scientific equipment; otherwise 7%. |
Czech Republic and Sri Lanka | On 19 February 2020, the Cabinet of Sri Lanka authorized the Ministry of Finance to sign the Double Taxation Agreement (DTA) with the Czech Republic. |
Liechtenstein and Lithuania | On 19 February 2020, the Double Taxation Agreement (DTA) between Liechtenstein and Lithuania was entered into force and applies from 1 January 2021. The DTA contains Dividends rate 0% for at least 10% capital holding; otherwise 15%, Interest rate 10% and Royalties rate 0%. |
Monaco and Montenegro | On 19 February 2020, Montenegro ratified the Double Taxation Agreement (DTA) with Monaco. |
Brazil and UAE | On 13 February 2020, the Emirati Ministry of Finance announced that, the president of the United Arab Emirates (UAE) ratified the Double Taxation Agreement (DTA) with Brazil. |
India and Sri Lanka | On 12 February 2020, the Indian Ministry of Finance announced that, the Union Cabinet of India has approved the signing and ratification of the protocol amending the Double Taxation Agreement (DTA) with Sri Lanka for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
Czech Republic and Taiwan | On 12 February 2020, Mr. Miloš Zeman, the President of the Czech Republic signed a law ratifying the Double Taxation Agreement (DTA) with Taiwan. |
Estonia and Guernsey | On 12 February 2020, the Estonian Parliament approved the Double Taxation Agreement (DTA) with Guernsey. |
China and Macau | On 10 February 2020, Macau ratified the amending protocol to the income tax arrangement with China. |
Bahrain and Pakistan | On 10 February 2020, the Finance and Economic Affairs Committee of Bahrain approved the protocol to the Double Taxation Agreement (DTA) with Pakistan. |
UAE and Zambia | On 7 February 2020, the Double Taxation Agreement (DTA) between the United Arab Emirates (UAE) and Zambia was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. |
Ghana and Malta | According to Legal Notice No. 23 of 2020 published on 7 February 2020, Malta has ratified the Double Taxation Agreement (DTA) with Ghana. |
Brazil and Sweden | On 6 February 2020, Sweden ratified the amending protocol to the Double Taxation Agreement (DTA) with Brazil. |
Korea (Rep.) and Turkmenistan | On 6 February 2020, the amending protocol to the Double Taxation Agreement (DTA) between Korea (Rep.) and Turkmenistan was entered into force and applies from 1 January 2021. |
Singapore and Indonesia | On 4 February 2020, the Double Taxation Agreement (DTA) between Indonesia and Singapore was signed. The DTA contains Dividends rate 10% for at least 25% capital holding; otherwise 15%, Interest rate 10%, and Royalties rate 8% for the use of, or the right to use, industrial, commercial or scientific equipment, or for information concerning industrial, commercial or scientific experience; otherwise 10%. Once in force and effective, the new DTA will replace the former DTA of 1990. |
Singapore and Ukraine | On 3 February 2020, the President of Ukraine signed a law ratifying the amending protocol to the Double Taxation Agreement (DTA) with Singapore. |
Bulgaria and Pakistan | On 30 January 2020, Bulgaria ratified 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. |
Denmark and Ukraine | On 29 January 2020, the Cabinet of Ukraine authorized the Ministry of Finance to sign an amending protocol to update the Double Taxation Agreement (DTA) with Denmark. |
Cyprus and Kazakhstan | On 17 January 2020, the Double Taxation Agreement (DTA) between Cyprus and Kazakhstan was entered into force and applies from 1 January 2021. The DTA contains Dividends rate 5% for at least 10% capital holding; otherwise 15%, Interest rate 10%, and Royalties rate 10%. |
Armenia and Denmark | On 22 October 2019, the Double Taxation Agreement (DTA) between Armenia and Denmark was entered into force and applies from 1 January 2020. |
Mauritius and Senegal | In June 2019, Senegal notified Mauritius of its decision to terminate the Double Taxation Agreement (DTA), which was confirmed by Mauritius in July 2019. According to the provision of the DTA, the termination is effective from 1 July 2020 for Mauritius and from 1 January 2020 for Senegal. |
Tax Treaty News: March 2020
19 March, 2020