Japan and Algeria signed a tax treaty on February 7.Continue Reading
Tax treaty news from around the world
Australia seeking input on implementing tax treaty with Iceland
The Australian Government is consulting stakeholders on draft legislation to implement a new tax treaty with Iceland.Continue Reading
Australia expanding tax treaty network
The Australian government is expanding its tax treaty network to provide improved certainty to taxpayers and guard against tax avoidance practices.
New negotiations are planned with Bulgaria, Colombia, Croatia, Cyprus, Estonia, Latvia, and Lithuania. These countries add to the current program which includes Portugal, Slovenia, Greece, and Luxembourg.Continue Reading
OECD releases peer review reports on tax treaty shopping and abuse
The data compiled for this peer review demonstrate that the BEPS Multilateral Instrument has been the tool used by the vast majority of jurisdictions that have begun implementing the Action 6 minimum standard, and that the MLI has started to impact tax treaties of jurisdictions that have ratified it.Continue Reading
Swiss Federal Council approves tax treaty with Bahrain
The new tax treaty implements the minimum standards in accordance with the OECD’s project on base erosion and profit shifting. Continue Reading
New tax treaty between Ireland, Netherlands enters into force
The new treaty will be effective from January 1, 2021. Continue Reading
Tax treaty between Albania, Saudi Arabia come into force
The tax treaty applies from January 1, 2020.Continue Reading
Tax treaty between Japan, Morocco signed
The tax treaty will become effective after both countries have completed their respective domestic procedures.Continue Reading
India approves tax treaty with Chile
The tax treaty and Protocol implement the BEPS minimum standards to tackle tax planning strategies that exploit gaps and mismatches in tax rules.Continue Reading
Estonia, Guernsey sign tax treaty
The tax treaty will enter into force after both countries have completed their respective internal procedures.Continue Reading
Hong Kong, Estonia sign tax treaty
Japan, Peru to conclude a tax treaty
Japan and Peru have “in principle” agreed to conclude a tax treaty.Continue Reading
US, Luxembourg ratify tax treaty protocol
The Protocol will be effective for requests for information made on or after the date of entry into force for tax years on or after January 1, 2009.Continue Reading
US releases details about tax treaty protocols with Japan, Spain
Mandatory binding arbitration clause is included in the tax treaty protocols to resolve tax treaty disputes.Continue Reading
New Swiss-Ukraine tax treaty protocol signed
The treaty protocol provides for a low withholding tax rate of five percent for royalty and interest payments. An arbitration clause is also included to increase legal certainty for taxpayers.Continue Reading
Hong Kong, Finland tax treaty to take effect in April 2019
The treaty will be effective from April 1, 2019.Continue Reading
New tax treaty between Switzerland, Pakistan effective from January 2019
An arbitration clause is included in the new tax treaty to resolve double taxation disputes.Continue Reading
India, Hong Kong tax treaty to take effect from April 2019
The tax treaty provides for a low withholding tax rate of five percent for dividend payments. Interest, royalties, and fees are subject to a low withholding tax rate of ten percent.Continue Reading
India, China Sign Tax Treaty Protocol to Implement BEPS Minimum Standards
India has signed a Protocol to amend its tax treaty with China.
The Protocol incorporates changes required to implement tax treaty-related minimum standards agreed under the base erosion and profit shifting (BEPS) project.
New Japan, Spain Tax Treaty to Include MAP Arbitration
Japan and Spain signed a new tax treaty on October 16. The tax treaty wholly amends the existing tax treaty between Japan and Spain, which entered into force in 1974.
As per the new tax treaty, a withholding tax exemption applies to investment income from interest and royalties. Withholding tax on dividends is also exempt in certain situations.Continue Reading
Japan, Croatia Sign New Tax Treaty
Japan and Croatia signed a new tax treaty on October 19.
The new tax treaty provides for a reduced withholding tax on dividends, interest, and royalties. In some case, these are exempt.Continue Reading
Japan-Iceland Tax Treaty to Take Effect From January 2019
The tax treaty between Japan and Iceland will enter into force on October 31, 2018, Japan’s Finance Ministry has announced.Continue Reading
Switzerland-Latvia Tax Treaty to Contain Arbitration Clause
The protocol to amend the Switzerland-Latvia tax treaty entered into force on September 3, 2018, and will take effect from January 1, 2019. Continue Reading
Swiss, UK Tax Treaty to Include BEPS Minimum Standards
The Swiss Federal Council on August 22 adopted the dispatch concerning a protocol of amendment to the Swiss-UK tax treaty for the attention of Parliament.Continue Reading
Tax Treaty between Switzerland, Saudi Arabia to Enter Into Force
The Swiss Federal Council on August 15 adopted the dispatch on the tax treaty with Saudi Arabia.Continue Reading
Tax Treaty between Japan, Colombia: Negotiations Completed
Japan and Colombia have completed tax treaty negotiations, Colombia’s Finance Minister, Mauricio Cárdenas, announced on July 30.Continue Reading
Tax Treaty between Singapore, Nigeria: Read Key Provisions
The tax treaty between Singapore and Nigeria will enter into force on November 1, 2018, and will take effect on January 1, 2019.Continue Reading
Guernsey Signs New Tax Treaty With UK
Guernsey has signed a new tax treaty with the UK. The new tax treaty replaces the one that has been in force since 1951.
The new tax treaty is based, broadly, on the OECD Model Tax Convention, which Guernsey has generally followed in its negotiations with other jurisdictions in recent years. The text of the tax treaty incorporates some of the recent international standards designed to prevent base erosion and profit shifting (BEPS). Continue Reading
UK, Isle of Man Sign New Tax Treaty
The governments of UK and Isle of Man signed a new tax treaty on July 2.
The tax treaty is based on the latest OECD Model Tax Convention and includes provisions to reflect the OECD’s base erosion and profit shifting (BEPS) measures.Continue Reading
UAE Joins BEPS Inclusive Framework
The UAE has newly joined the OECD’s Inclusive Framework on base erosion and profit shifting (BEPS).
The Inclusive Framework on BEPS allows interested countries and jurisdictions to work with the OECD and Group of Twenty nations on monitoring the implementation of the BEPS proposals.Continue Reading
Revised India-Qatar Tax Treaty to Include BEPS Minimum Standards
India’s Union Cabinet has approved revision of the country’s tax treaty with Qatar.
The revised tax treaty includes a limitation of benefits clause to prevent treaty shopping. It meets the base erosion and profit shifting (BEPS) minimum standards on treaty abuse (BEPS Action 6) and mutual agreement procedure (BEPS Action 14).Continue Reading
Indian Cabinet Approves Tax Treaty with Iran
The Indian Government has approved the country’s tax treaty with Iran.
The tax treaty is in line with the ones entered into by India with other countries. The proposed treaty also meets tax treaty-related minimum standards proposed under the OECD’s base erosion and profit shifting project, in which India is participating on an equal footing.Continue Reading
Protocol to UK-Mauritius Tax Treaty Signed
An amending Protocol to the UK-Mauritius tax treaty was signed on February 28, 2018.Continue Reading
Singapore Signs Tax Treaty with Tunisia
Singapore and Tunisia have signed a tax treaty, which provides for low withholding tax rates and a detailed exchange of information provision.Continue Reading
India Gazettes Revised Tax Treaty With Kenya
On February 19, 2018, India gazetted a revised tax treaty with Kenya. The revised treaty was signed by both countries in July 2016.Continue Reading
Japan, Spain Agree to Sign New Tax Treaty
Japan and Spain have agreed in principle to the text of a new tax treaty.
The new tax treaty will replace the existing treaty between both countries, which entered into force in 1974.Continue Reading
New India, Iran Tax Treaty to Include BEPS Minimum Standards
India on February 17 signed a tax treaty with Iran. The treaty is similar to the ones entered into by India with other countries.Continue Reading
Ireland, Ghana Sign New Tax Treaty
Ireland and Ghana signed a new tax treaty on February 7, 2018. The procedures to ratify the treaty are underway.
Ireland is also negotiating and renegotiating existing treaties with foreign jurisdictions.
According to the tax authority, Ireland’s existing treaty base will also be updated to incorporate provisions set out in the Multilateral Convention to implement tax treaty-related measures to prevent base erosion and profit shifting.
US Treasury Urged to Revise Tax Treaty with Armenia
By Alex Cooper
US Congressman David Valadao has urged Treasury Secretary Steven Mnuchin to renegotiate the US tax treaty with Armenia with a view to ending double taxation currently imposed on businesses in both countries.Continue Reading
India Approves Protocol to Amend Tax Treaty with China
By Alex Cooper
On February 7, 2018, the Indian Government approved the signing and ratification of a protocol to amend the country’s tax treaty with China.Continue Reading
UAE Ratifies Tax Treaty with Paraguay
By Alex Cooper
On February 5, 2018, the UAE President issued a federal decree ratifying the country’s tax treaty with Paraguay.Continue Reading
Italy, Colombia Sign Tax Treaty
Italy and Colombia have signed a new tax treaty in line with the base erosion and profit shifting (BEPS) project.Continue Reading
Revised Singapore, Sri Lanka Tax Treaty In Force
A revised tax treaty between Singapore and Sri Lanka entered into force on December 31, 2017. Continue Reading
Ireland, Kazakhstan Tax Treaty Effective
The new tax treaty between Ireland and Kazakhstan became effective on January 1, 2018.
The tax treaty, which was signed by both countries in April 2017, entered into force on December 29, 2017.