Europe

Japan, Iceland sign tax treaty

The governments of Japan and Iceland on January 15 signed their first tax treaty, Japan’s Ministry of Finance has announced. The treaty, which is not yet in force, would reduce withholding taxes on interest and royalties to zero. The treaty reduces withholding taxes on dividends to zero

Asia-Pacific

Cyprus, Saudi Arabia sign tax treaty 

The governments of Cyprus and Saudi Arabia signed a tax treaty on January 3, Cyprus’s Ministry of Finance has reported. The new tax pact is based on the OECD Model Convention for the Avoidance of Double Taxation on Income and on . . .