On August 29, 2017 a Member of the Dutch House of Representatives sent written questions to the Dutch Minister of Finance and the Dutch State Secretary for Finance regarding the fact that employees of the Dutch tax authorities are visiting the 71st Congress of the International Fiscal Association (IFA) which takes place in Rio de Janeiro.

On August 29, 2017 the Swiss Federal Department of Finance issued a press release announcing that on that same date Switzerland and Zambia signed a new double taxation agreement in the area of taxes on income (Hereafter: the DTA).

On August 24, 2017 the Government of the Hong Kong Special Administrative Region of the People’s Republic of China and the Government of the Kingdom of Saudi Arabia signed an Agreement for the Avoidance of Double Taxation and the Prevention of Tax Evasion with respect to Taxes on Income (Hereafter: the DTA).

Although the DTA has been signed, it has not entered into force yet. For the DTA to enter into force, the respective ratification procedures have to have been finalized in both countries.

 

Below we will discuss a selection of provisions included in the DTA of which we think they might interest our readers.

On August 25, 2017 the Belgian Ministry of finance issued a press release announcing that the Protocol amending the existing Belgian – Mexican DTA entered into force on August 19, 2017.

Based on Article XX, Paragraph 2 of the Protocol the fact that the Protocol entered into force on August 19, 2017 means that the provions of the Protocol shall have effect from January 1, 2018.

On August 24, 2017 the Belgian Ministry of Finance issued a press release announcing that the Convention between the Kingdom of Belgium and the Oriental Republic of Uruguay for the Avoidance of Double Taxation with respect to Taxes on Income and on Capital and for the Prevention of Fiscal Evasion, which was signed on August 23, 2013 (Hereafter: the DTA) entered into force on August 4, 2017.

 

Based on Article 28, Paragraph 2 of the DTA (“Entry into force”) the fact that the DTA entered into force on August 4, 2017 means that the provisions of the DTA shall have effect:

a)   in respect of taxes due at source, for amounts credited or payable on or after January 1, 2018;

b)   in respect of other income taxes, for the taxable periods beginning on or after January 1, 2018; and

c)   in respect of any other taxes, in respect of taxes due in respect of taxable events taking place on or after January 1, 2018.

 

Below we will discuss a selection of provisions included in the DTA of which we think they might interest our readers.

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