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UAE signs provisional FATCA agreement

The United Arab Emirates (UAE) has entered into an Intergovernmental Agreement (IGA) in substance to implement the United States’ Foreign Account Tax Compliance Act (FATCA), reports Tax News.

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Switzerland enacts law to support FATCA

The Swiss Federal Council has decided to bring the Foreign Account Tax Compliance Act (FATCA) Act, together with the ordinance on disclosure obligations, into force on June 30, 2014, to ease Swiss financial institutions’ implementation of the new disclosure rules, reports Tax News.

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Australia Signed Tax Agreement with the United States

Australia and the United States have today signed an intergovernmental agreement (IGA) to reduce the burden on Australian financial institutions in complying with the United States’ Foreign Account Tax Compliance Act (FATCA).

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Amendments to the Cyprus – India double taxation avoidance agreement to be finalised in the next few weeks

It is reported in the Indian financial press that Cyprus and India will finalise the amendments to their double taxation avoidance agreement in the next few weeks.The Indian High Commissioner to Cyprus has said that a team from the Indian ministry of finance is expected to visit Cyprus in the next few days to carry forward the negotiations to finalise the revised DTAA, and that the matter is being followed at the highest level in the government of Cyprus. Read more