Latest Treaty Updates: Australia
Treaty Update: Bahrain - Australia
16/5/2012
Bahrain's Shura Counci, the upper house of parliament, approved a law on May 14, 2012, that would ratify the pending TIEA signed between Bahrain and Australia.
Treaty Update: Australia - Samoa
4/4/2012
The Australian tax authority has confirmed the entry into force of the Australia-Samoa TIEA on February 24, 2012.
Treaty Update: Australia - Samoa
23/3/2012
According to preliminary media reports, the TIEA, and an accompanying agreement which allocates taxing rights, signed between Australia and Samoa, entered into force on February 24, 2012.
Treaty Update: Bahrain - Australia
30/1/2012
Bahrain's Cabinet at its meeting on January 22, 2012, approved a law that would ratify the pending DTA between Bahrain and Australia, Bahrain's state news agency reported.
Treaty Update: Bahrain - Australia
22/12/2011
The Australian Treasury has announced that a TIEA between Bahrain and Australia was signed on December 15, 2011.
Treaty Update: Australia - India
20/12/2011
The governments of India and Australia signed a protocol adding information exchange provisions to their existing bilateral DTA on December 16, 2011.
Treaty Update: India - Australia
19/12/2011
The Indian Ministry of Finance has announced that an amending protocol adding information exchange provisions to the DTA between India and Australia was signed on December 16, 2011.
Treaty Update: Malaysia - Australia
3/10/2011
According to preliminary media reports, a Protocol to the DTA between Malaysia and Australia entered into force on August 9, 2011.
Treaty Update: Australia - Aruba
22/8/2011
According to preliminary media reports, the TIEA between Australia and Aruba entered into force on August 17, 2011. The TIEA was signed on December 16, 2009.
Treaty Update: Liberia - Australia
17/8/2011
The Liberian Finance Ministry has announced that it signed its 13th TIEA, with Australia, on August 11, 2011.
Treaty Update: Guernsey - Australia
29/7/2011
According to preliminary media reports, the DTA between Australia and Guernsey has been ratified by both parties, and will enter into force on August 24.
Treaty Update: Belgium - Australia
19/7/2011
According to preliminary media reports, the Belgian parliament ratified a Protocol to the DTA with Australia on July 7, 2011.
Treaty Update: Macau - Australia
14/7/2011
Macau and Australia signed a TIEA on July 12, 2011. The TIEA is Macau's 12th, and Australia now has 30 such agreements.
Treaty Update: Australia - Costa Rica
6/7/2011
The OECD has said that Australia and Costa Rica signed a TIEA on July 1, 2011. The agreement is Costa Rica's 12th TIEA. According to the Costa Rican Finance Ministry, this removes Costa Rica from the OECD's list of those states not co-operating in the exchange of tax information.
Treaty Update: Australia - Aruba
30/6/2011
According to preliminary media reports, Australia's tax agreement with Aruba entered into force on June 27, 2011.
Treaty Update: Australia - Malaysia
30/6/2011
According to preliminary media reports, Australia's DTA Protocol with Malaysia entered into force on June 27, 2011.
Treaty Update: Australia - Cook Islands
30/6/2011
According to preliminary media reports, Australia's tax agreement with the Cook Islands entered into force on June 27, 2011.
Treaty Update: Australia - Samoa
30/6/2011
According to preliminary media reports, Australia's tax agreement with Samoa entered into force on June 27, 2011.
Treaty Update: Australia - Chile
30/6/2011
According to preliminary media reports, Australia's DTA with Chile entered into force on June 27, 2011.
Treaty Update: Australia - Turkey
30/6/2011
According to preliminary media reports, Australia's DTA with Turkey entered into force on June 27, 2011.
Treaty Update: Liechtenstein - Australia
23/6/2011
According to the Liechtenstein government, a TIEA with Australia was signed on June 21, 2011. The TIEA is OECD compliant and provides for the exchange of tax information upon request. The government has said that the TIEA will apply to requests submitted after its entry into force, with respect to tax years commencing on or after July 1, 2011. The TIEA is subject to legislative approval.
Treaty Update: Macau - Australia
22/6/2011
According to preliminary media reports, the TIEA was signed on June 14.
Treaty Update: Liechtenstein - Australia
13/6/2011
Treaty Update: Isle of Man - Australia
2/6/2011
Becomes effective in Australia from July 1, 2011. Had been signed on January 29, 2009.
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Latest News
The Australian Taxation Office has recently issued guidance on the tax requirements that must be met by foreign-based ship owners and charterers carrying passengers, livestock, mail or goods shipped in Australia.
Australia-India Treaty Protocol Released 26/3/2012
The Australian government has released details of a new protocol to its tax treaty with India, signed in December.
Australia To Amend Transfer Pricing Regime 21/3/2012
The Australian government has released draft proposals that will launch the first stage of its reform of the transfer pricing system.
Singapore, Australia TIE Protocol Takes Effect 22/11/2010
The protocol to the existing double taxation agreement between Singapore and Australia, which incorporates the internationally-agreed standard for exchange of tax information, will enter into force on December 22, 2010.
Australia To Update DTA With India 16/7/2010
Australia’s Assistant Treasurer, Nick Sherry, has announced that Australia and India will shortly commence discussions to update their existing double taxation agreement.
Australia Signs Offshore Agreements 25/5/2010
The Australian government has announced that agreements for the allocation of taxing rights with the Isle of Man, Jersey and the British Virgin Islands have come into force.
Australia, Turkey Sign DTA 3/5/2010
Australia’s Assistant Treasurer, Nick Sherry, has announced that Australia and Turkey have signed a new comprehensive agreement for the avoidance of taxation, the first between the two countries.
UBS Confirms Non-US Tax Information Requests 17/3/2010
Within its annual report for 2009, the Swiss bank, UBS, has disclosed that, following its settlement agreement with the United States Internal Revenue Service, it has received requests for information from a number of other jurisdictions relating to its provision of cross-border wealth management services.
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.
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.
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.
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.
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.
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.
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.
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.
Belgium's Kilometer Tax Opposed 11/3/2010
The Humanist group cdH of the Walloon parliament in Belgium has rejected the idea of a road tax levied per kilometre travelled, advocating instead the introduction of an inclusive road tax disc, which could then be modified to take certain environmental criteria into account.
Norway Urged To Revise Fiscal Policy 11/3/2010
The Organization for Economic Cooperation and Development has called on Norwegian authorities to revise fiscal policy in light of the nation’s recovering economy.
Amazon Retaliates Against Colorado 11/3/2010
Amazon.com cut ties with its Colorado affiliate marketers on March 8 after the US state forged ahead with its plan to introduce a mandatory Internet sales tax on e-businesses with an annual turnover exceeding USD100,000.