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 . . .

Europe

Isle of Man ratifies multilateral treaty aimed at tax avoidance

The Isle of Man has become the second nation to ratify a multilateral tax treaty designed to prevent tax avoidance by multinational firms. The Isle of Man follows Austria, depositing its instrument of ratification of Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) with the OECD

Asia-Pacific

Japan, Denmark sign new tax treaty

The governments of Japan and Denmark on October 11 signed new tax treaty, Japan’s Ministry of Finance has announced. The new treaty, signed in Tokyo, would amend the countries’ 1968 tax treaty, revising the taxation . . .

Belarus

Belarus, UK sign tax treaty

Belarus and the UK signed a tax treaty on September 26. The signing ceremony took place at Belarus’s Ministry of Foreign Affairs. The new agreement is not yet in force, A 1985 tax treaty between the UK and the USSR . . .