Category: Double Tax Treaty

Business / Double Tax Treaty / Double Taxation / Expatriates / Expats / Philippines

Philippines lands in Forbes’ Top 25 Best Places to Retire in 2020

Posted On: February 11, 2020

The Philippines was recognized as one of the best places where US expatriates (expats) could retire in 2020, according to a recent newsletter from Forbes. It was among 25 countries chosen by the American business magazine. The Philippines was described to be an “English-speaking Pacific Ocean nation of 7,400 islands”… – Continue reading

Bangladesh / Czech Republic / Double Tax Treaty / Double Taxation / Investments / Tax Authority

Dhaka, Prague sign deal to avoid double taxation

Posted On: December 12, 2019

Bangladesh and the Czech Republic have signed a double taxation avoidance agreement (DTAA) in a bid to strengthen bilateral trade and investment ties between the two countries. National Board of Revenue (NBR) chairman Md Mosharraf Hossain Bhuiyan and Czech deputy prime minister and finance minister Alena Schillerova inked the agreement… – Continue reading

Corporate Tax / Double Tax Treaty / Income Tax / Malaysia / Russia / Tax Evasion / Ukraine

Parliament ratifies double tax agreement with Malaysia

Posted On: October 30, 2019

The Verkhovna Rada of Ukraine ratified an agreement with Malaysia on the avoidance of double taxation and the prevention of tax evasion and the protocol thereto, adopting Bill No. 0002. 333 MPs voted in favor of it. It was broadcasted by official Rada Channel. The agreement extends to individual income… – Continue reading

Arbitration / Banking Secrecy / Capital Gains Tax / Dividends / Double Tax Treaty / Intellectual Property / Loans / Mutual Agreement Procedure / Permanent establishment / Royalties / Tax Credit / Tax Exempt / Ukraine

Ukraine: Ukraine Ratifies Protocol Amending Double Taxation Treaty Between Ukraine And Switzerland

Published by: Mondaq - September 30, 2019

On 18 September 2019, the Parliament of Ukraine ratified a protocol (the Protocol) of amendments to the double tax treaty between Ukraine and Switzerland (the DTT) which had been signed by the states on 24 January 2019.  ... - Continue reading

Armenia / Business / Double Tax Treaty / Framework / Malta / Tax Evasion

Armenia, Malta sign double tax treaty

Posted On: September 25, 2019

YEREVAN, SEPTEMBER 25, ARMENPRESS. Armenian Foreign Minister Zohrab Mnatsakanyan on September 24 met with Malta’s Minister for Foreign Affairs and Trade Promotion Carmelo Abela on the sidelines of the 74th session of the UN General Assembly in New York, the Armenian ministry told Armenpress. The officials praised the current dynamic… – Continue reading

Citizenship / Double Tax Treaty / Expats / FATCA / Internal Revenue Service (IRS) / Residence / Tax Laws / Tax Reform / USA

FATCA blamed for one in five US expats planning to give up passport

Posted On: September 18, 2019

One in five US citizens living abroad are on the verge of giving up their passports according to a survey published by US tax consultants Greenback. The Greenback survey – which was conducted by more than 3,000 US expats – studies the expat community’s opinions on taxation, citizenship renunciation, and… – Continue reading

Double Tax Treaty / EU / European Commission / Luxembourg / Tax Authority / Tax Laws / USA

European Union: The Increasing Link Drawn By Regulators Between State Aid & Taxation Systems

Published by: Mondaq - August 26, 2019

In 2018, the European Commission (EC) concluded two more investigations into whether the tax ruling practices of Member States breached European Union (EU) State aid rules: the first, a finding of unlawful State aid resulting from tax rulings by Luxembourg in favor of Engie; the second, a rare finding of no aid in respect of the treatment by Luxembourg of McDonald's under the Luxembourg-U.S. double taxation treaty. These decisions are discussed below. ... - Continue reading

Automatic Exchange of Information / Business / Corruption / Double Tax Avoidance Treaty / Jurisdiction / Multilateral Competent Authority Agreement / OECD / Pakistan / UAE

Govt launches crackdown on benami assets

Posted On: August 24, 2019

ISLAMABAD: The government has kicked off a far-reaching crackdown against benami assets directing the departments concerned at the federal level and the provincial governments to track benami properties, harvesting the Benami Act, 2019 in the national and global contexts. Prime Minister Imran Khan chaired a meeting on August 20 on… – Continue reading

Anti-Tax Avoidance Package / Banking / Double Tax Treaty / Individuals / Jurisdiction / Luxembourg / Tax Avoidance / Tax Credit / Tax Relief

Luxembourg: Luxembourg Government Submits Bill To Parliament Implementing The EU Anti-Tax Avoidance Directive 2 Into Domestic Law

Published by: mondaq - August 16, 2019

Luxembourg corporate income taxpayers, including Luxembourg permanent establishments of foreign entities, will be subject to the Draft Law as from 1 January 2020. In addition, provisions targeting reverse hybrid mismatches will be applicable to Luxembourg transparent partnerships that would be treated as opaque by their nonresident owners as from 1 January 2022. ... - Continue reading

Capital Gains Tax / Double Tax Treaty / Exemptions / HM Revenue & Customs / Legislation / Luxembourg / Real Estate / Residence / Tax Laws / Tax Transparency / United Kingdom

UK: Non-Resident Capital Gains Tax on United Kingdom Real Estate: A New Regime

Published by: Mondaq - July 24, 2019

The legislation encompassing the new regime for taxing non-residents' gains on the United Kingdom (UK) commercial real estate came into effect on 6th April 2019. Her Majesty's Revenue and Customs (HMRC) has additionally published draft guidance on this recently introduced regime. This article briefly summarizes the new rules. ... - Continue reading

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