Latest Treaty Updates: Denmark
Treaty Update: Denmark - Various
27/2/2012
According to preliminary media reports, Denmark's TIEAs with Dominica and Grenada entered into force on February 1, 2012, and February 14, 2012, respectively.
Treaty Update: Czech Republic - Denmark
29/8/2011
The Czech Finance Ministry has said that a DTA with Denmark was signed on August 25, 2011. The treaty will replace the 1982 DTA which was signed between Denmark and the then Czechoslovakia.
Treaty Update: Belgium - Denmark
19/7/2011
According to preliminary media reports, the Belgian parliament ratified a Protocol to the DTA with Denmark on July 7, 2011.
Treaty Update: Hungary - Denmark
7/7/2011
According to preliminary media reports, Hungary ratified its DTA with Denmark in parliament on June 27, 2011.
Treaty Update: Barbados - Denmark
5/7/2011
According to Invest Barbados, Barbados has initialled a TIEA with Denmark.
Treaty Update: Costa Rica - Denmark
5/7/2011
An OECD-model TIEA was signed between Costa Rica and Denmark on June 29, 2011, Norden has confirmed.
Treaty Update: Denmark - China
22/6/2011
According to the Danish government it provides certainty for future tax payments and eliminates the risk of double taxation.
Treaty Update: Denmark - China
20/6/2011
According to the Danish government it provides certainty for future tax payments and eliminates the risk of double taxation.
Treaty Update: Macao - Denmark
1/6/2011
The TIEA covers taxes of every kind, and provides for the exchange of information relevant to the determination, assessment and collection of taxes, the recovery and enforcement of tax claims, and the investigation/prosecution of tax matters. The TIEA also provides for the exchange of information held by banks and other financial institutions, and information regarding the ownership of companies, partnerships, trusts and foundations.
Treaty Update: Denmark - Hungary
1/6/2011
The DTA will replace the current agreement, signed in 1978. The main change is in relation to the provisions covering the taxation of payments from private pension plans. Previously, the agreement had assumed that private pensions are taxed where the pensioner resides, but, with the new agreement, they will be taxed where they are paid. Transitional provisions also aply. The Danish government is expected to submit a draft bill for the DTA's approval in October, 2011.
Treaty Update: The Seychelles - Denmark
1/6/2011
The TIEA covers taxes of every kind, and provides for the exchange of information relevant to the determination, assessment and collection of taxes, the recovery and enforcement of tax claims, and the investigation/prosecution of tax matters. The TIEA also provides for the exchange of information held by banks and other financial institutions, and information regarding the ownership of companies, partnerships, trusts and foundations.
Treaty Update: Aruba - Denmark
31/5/2011
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Latest News
The Liechtenstein government has recently announced that the bilateral tax information exchange agreements (TIEAs) concluded with Norway, Finland, Iceland, Greenland and the Faroe Islands are due to enter into force shortly, following ratification of the treaties by the relevant contracting parties.
The Seychelles Adds Guernsey TIEA 3/1/2012
The Seychelles has noted the signing of a Tax Information Exchange Agreement with Guernsey as a significant step in boosting bilateral relations between the two territories.
Latin American States Expand Treaty Networks 5/7/2011
Panama and Costa Rica have expanded their tax treaty networks, with the former signing a new double tax agreement, and the latter inking seven tax information exchange agreements.
Barbados Initials Nordic Treaties 4/7/2011
Barbados has initialled tax information exchange agreements with three Nordic territories, initialled a tax treaty with Iceland, and added protocols to three existing tax treaties.
Switzerland Seeks To Amend DTAs 11/4/2011
The Swiss Federal Council has recently requested authorization from the National Council and the Council of States to amend certain double taxation agreements, already approved by parliament, to ensure that they are in line with internationally applicable standards on administrative assistance in tax matters.
EU Launches Multi-Year Review Of Cross-Border Taxation 23/12/2010
The European Commission has published a Consultation, which marks the commencement of a comprehensive multi-year review of the major cross-border issues faced by EU citizens, and proposes solutions for them.
Liechtenstein Concludes Multiple TIEAs 17/12/2010
Liechtenstein’s government has recently approved tax agreements in accordance with the Organization for Economic Cooperation and Development’s model convention with the Nordic States: Norway, Sweden, Finland, Denmark, Iceland, the Faroe Islands, and Greenland.
Swiss, Denmark DTA Amendments In Force 3/12/2010
The Swiss Federal Administration has announced that the protocol amending the double taxation agreement between Switzerland and Denmark has now entered into force.
Austria, Israel Sign Tax Treaty 29/7/2010
Austria and Israel have initialed a revised tax treaty for the avoidance of double taxation between the two countries.
NZ Emissions 'Tax' Attacked 15/3/2010
The ACT New Zealand Party, a member of the country’s present coalition government, has continued its opposition to New Zealand’s new carbon emissions trading scheme, calling it a tax that will increase inflation in the economy.
Hong Kong Property Taxes Reviewed 16/3/2010
Hong Kong’s Financial Secretary, John C Tsang, made the traditional post-budget speech at the Joint Business Community Luncheon on March 12 and, in particular, reviewed the tax measures taken to increase the transaction cost of property speculation so as to reduce the risk of a property bubble being created.
UK Budget To Hit The Rich 12/3/2010
Wealthy individuals may have less than two weeks to put plans in place to reduce the tax impact of the Chancellor’s pre-election Budget, warns PKF Accountants and business advisers.
Orascom Loses Algerian Tax Appeal 12/3/2010
Egyptian telecom company, Orascom Telecom, has announced that its Algerian subsidiary, Orascom Telecom Algérie, has received a rejection to its appeal, made in December last year, against the notice for taxes and penalties it had received from the Algerian tax authorities the month previously.
Switzerland, Slovakia Initial Revised DTA 12/3/2010
It has recently emerged that Switzerland and Slovakia have initialled a revised bilateral double taxation agreement, containing the Organization for Economic Cooperation and Development’s standard on tax information exchange.
Australia Promised Full Debate On Tax Review 15/3/2010
Following indications that the Australian government was thinking of a delay to the release of the Henry tax review, the Treasurer, Wayne Swan, has now confirmed that it will be issued in good time for a full debate on any proposed tax changes.
Malaysia Not Cancelling GST 12/3/2010
After a government meeting, Malaysia’s Second Finance Minister, Datuk Seri Ahmad Husni Hanadzlah, has rejected any suggestion that the proposed introduction of a goods and services tax has been cancelled.
Germany Approves Liechtenstein TIEA 15/3/2010
Germany’s Cabinet has recently approved a bill pertaining to the bilateral tax information exchange agreement with Liechtenstein.
UAE Completes VAT Study 12/3/2010
Authorities in the United Arab Emirates are inching closer to the introduction of a value-added tax.
IRS Offers Help To Struggling Taxpayers 14/3/2010
The US Internal Revenue Service has announced several additional steps it is taking this tax season to help people having difficulties meeting their tax obligations because of unemployment or other financial problems.
Baucus Seeks Trade Preference Reform 15/3/2010
Senate Finance Committee Chairman Max Baucus is leading efforts for reform of US trade preference programs accorded to developing countries.
Jersey Riding Out Onshore Storm 15/3/2010
Jersey will overcome the evolving challenges being faced by offshore international financial centres, Geoff Cook, Chief Executive of Jersey Finance, told participants at a Breakfast Briefing in London.
OECD Urges Fiscal Policy Shift 12/3/2010
Governments must now gear their economies towards jobs, international competitiveness and increasing the tax-take, the Organization for Economic Cooperation and Development has said in its latest ‘Going for Growth’ report, analyzing the next step for recovering economies.
BVI To Review Taxes And Fees 15/3/2010
British Virgin Islands Prime Minister, Ralph O’Neal has said that the territory will run a budget surplus during 2010, although the government still intends to review indirect taxes and fees on financial services.
Bahamas Achieves White-Listing 12/3/2010
The Bahamas has achieved a place on the Organization for Economic Cooperation and Development's ‘white list’ following the signing of Tax Information Exchange Agreements with the seven Nordic economies of Denmark, the Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden, on March 10.
Tax Relief For California Storm Victims 11/3/2010
The State of California’s Franchise Tax Board on March 9 announced special tax relief for California taxpayers affected by the recent severe winter storms that started in January.