Guernsey Signs New Tax Treaty With UK

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

UAE Joins BEPS Inclusive Framework

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

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

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