Mon, 25 Jan 2010
The government has introduced a new set of regulations regarding double taxation agreements (DTA), aimed at tackling misuse of such agreements.

The Directorate General of Taxation has made changes to the regulations and administrative procedures for taxpayers who apply for double taxation.

These measures are aimed at tackling the misuse of DTA, for example treaty shopping, as well as to enhance transparency and increase tax revenue.

The regulations are valid as of Jan.1, 2010, for private and foreign taxpayers as well as banks.



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