Category: Belarus

Belarus, France to sign agreements on investment protection, double taxation avoidance

MINSK, 18 June (BelTA) – Belarus and France are preparing to sign bilateral agreements on investment protection and double taxation avoidance. This and other upcoming events were discussed during a meeting of Belarusian Ambassador to the French Republic Pavel Latushko and Julien Buissart, Head of the CIS, Balkans and Middle-East… – Continue reading

Kazakhstan ratifies double taxation protocol with Belarus

ASTANA, 29 March (BelTA-Kazinform) – The Senate (upper house) of the Parliament of Kazakhstan passed the law on the ratification of the protocol between the Government of the Republic of Kazakhstan and the Government of the Republic of Belarus on amendments and additions to the agreement on the avoidance of… – Continue reading

Belarus-Hong Kong double taxation agreement comes into force

MINSK, 4 December (BelTA) – The double taxation agreement between Belarus and Hong Kong, a special administrative region of China, has come into effect, BelTA learned from the Belarusian Embassy in Beijing. “After Belarus and China went through the necessary domestic procedures, the Belarus-Hong Kong agreement on the avoidance of… – Continue reading

Ecuador endorses double taxation agreement with Belarus

The National Assembly of Ecuador endorsed the agreement on cooperation in taxation with Belarus by a majority vote. The document is meant to avoid double taxation and prevent property and real estate tax evasion. The agreement was endorsed by the Belarusian and Ecuadorian governments in 2016. The Special Permanent Commission… – Continue reading

Belarus, China’s Hong Kong sign double taxation avoidance agreement

Belarus and Hong Kong Special Administrative Region of the People’s Republic of China signed an agreement on the avoidance of double taxation and prevention of income and capital tax evasion on 16 January, BelTA learned from the Belarusian embassy in China. Specialists believe that the agreement on the avoidance of… – Continue reading

Georgia-Kyrgyzstan sign agreement on double taxation

Georgia and Kyrgyzstan are increasing economic cooperation by signing an agreement on avoidance of double taxation. The deal was signed today in Georgia’s capital Tbilisi and will prevent people or businesses working between the two countries from evading income and capital taxes. Double taxation is the levying of tax by… – Continue reading

New rules so Georgia avoids double taxation with Kyrgyzstan

Georgia and Kyrgyzstan are stepping up bilateral cooperation to avoid double taxation, boost investments and increase economic cooperation. A delegation from Kyrgyzstan is currently in Georgia and holding meetings with Georgian authorities to discuss a cooperation agreement on avoidance of double taxation, prevention of evasion of income and capital taxes…. – Continue reading

Georgia to avoid double taxation with South Korea

Georgia and South Korea are stepping up bilateral cooperation to avoid double taxation, boost investments and increase economic cooperation. Georgia’s Finance Minister Nodar Khaduri plans to visit South Korea and sign a cooperation agreement on avoidance of double taxation, prevention of evasion of income and capital taxes. Double taxation is… – Continue reading

Belarus, Kazakhstan update double taxation agreement

Belarus and Kazakhstan introduced amendments and additions to the intergovernmental double taxation agreement and thus updated the tax legislation, Belarus’ Taxes and Duties Minister Sergei Nalivaiko said after a ceremony to sign the protocol, BelTA has learned. The matter is about the protocol between the governments of Belarus and Kazakhstan… – Continue reading

Scotland advertised across Eastern Europe as tax haven

SCOTLAND is being advertised as a tax haven across Eastern Europe. The country’s allegedly lax company formation laws are being promoted by firms in Latvia, Russia, Ukraine and Belarus as authorities black list more traditional “fiscal paradises”. A new round of publicity for Scotland as an “offshore zone” began this… – Continue reading

Georgia avoids double taxation with Iceland

Georgia and Iceland are stepping up their bilateral cooperation in taxation and customs affairs. Today a cooperation agreement on avoidance of double taxation, prevention of evasion of income and capital taxes, came into force. The agreement initially was signed in May this year when Finance Ministers of Cyprus, Liechtenstein and… – Continue reading

Work on agreement on sharing tax data among EEU members in final stage

MINSK, 29 December (BelTA) – The work on the agreement on sharing tax data between member states of the Eurasian Economic Union (EEU) is in the final stage. The statement was made by Belarusian Tax and Duties Eurasian Economic Union (EEU)Minister Sergei Nalivaiko during the press conference hosted by the… – Continue reading

Pakistan, Central Asia in talks to set up big, new economic zone

Nawaz Sharif has turned his full attention for close relations with Central Asian states since the five of them broke away from Russia 23 years ago. Fast track negotiations between Central Asian and Pakistani leaderships are slated to turn their countries into a big, new economic zone. Their desire and… – Continue reading

Belarus-Georgia agreement on avoidance of double taxation ratified

MINSK, 15 October (BelTA) – The House of Representatives of the National Assembly of Belarus ratified the Belarus-Georgia intergovernmental agreement on avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income and capital on 15 October, BelTA has learned. It is expected that the agreement… – Continue reading

NBR to sign deal with Bhutan to avoid double taxation

Bangladesh is set to sign an agreement with Bhutan to avoid double taxation to boost investments, trade and facilitate information exchange between the two Saarc nations, the National Board of Revenue said in a statement. A team led by NBR Chairman Md Nojibur Rahman is now in Thimpu to take… – Continue reading

Armenia renews treaty to exempt double taxation with Belarus

YEREVAN. – Armenia has renewed a treaty to exempt double taxation with Belarus during the Cabinet’s meeting on Thursday. In particular, the treaty envisages regulation of the residency of legal entities in the case of dual residency. The procedure for the exchange of information constituting bank secrecy has been specified…. – Continue reading

Georgia establishes tax free relations with Cyprus, Liechtenstein and Iceland

Georgia is stepping up cooperation in taxation, customs affairs and a number of other avenues with Cyprus, Liechtenstein and Iceland. Finance Ministers of Cyprus, Liechtenstein and Iceland signed a cooperation agreement with Georgia on avoidance of double taxation, prevention of evasion of income and capital taxes in Tbilisi today. Georgia’s… – Continue reading

Georgia-Belarus avoid double taxation, establish customs cooperation

Georgia and Belarus are stepping up their bilateral cooperation in taxation, customs affairs, and a number of other avenues. Representatives of both countries today signed a cooperation agreement on avoidance of double taxation, prevention of evasion of income and capital taxes, which would act as a basis for further talks…. – Continue reading

New Russian CFC Rules Will Impact Inbound U.S. Tax Planning

According to recent estimates, the number of wealthy Russians investing in the United States ballooned in 2014 as a result of political turmoil and a disintegrating ruble causing Russians to seek a safe haven for their wealth abroad. The amount of private net capital flowing out of Russia hit $120… – Continue reading

Obama IRS Shares Private Financial Data With Foreign Tyrants

To comply with unconstitutional pseudo-treaties negotiated by the Obama administration without the consent of Congress or any semblance of constitutional authority, the IRS announced that it will be sharing private financial information on U.S. bank account holders with foreign powers. No warrant is needed for foreign governments or tyrants to… – Continue reading

101 Countries Sign Up For FATCA Network

Foreign Account Tax Compliance Act (FATCA) has been in force for a month and still more countries are joining the tax network. So far, 101 countries and financial jurisdictions have either signed or agreed to join FATCA. FATCA is aimed at identifying US taxpayers with offshore bank accounts and investments. Overseas… – Continue reading

Russia ready to collect information on its depositors abroad

The Russian authorities are ready to provide the U.S. internal revenue service with information on American depositors, but have drafted a bill for similar measures in the United States. All foreign banks that work with Russian clients will be obligated to disclose information about such clients to Moscow. Primarily, the… – Continue reading

Alexander Lukashenko approves a draft agreement with USA on compliance with international tax rules

The President of the Republic of Belarus, Alexander Lukashenko, approved a draft agreement between the Government of the Republic of Belarus and the Government of the United States of America on the improvement of compliance with international tax rules and the implementation of the Foreign Account Tax Compliance Act (FATCA) as a basis… – Continue reading