Double Taxation Agreement Canada Spain

17 Sep Double Taxation Agreement Canada Spain

A deduction for the avoidance of double taxation is allowed for income and capital gains from foreign sources taxed by the Spanish PIT, calculated as the lowest of: agreement between the Government of the Russian Federation and the Government of the Republic of Albania to avoid double taxation of taxes on income and capital. . . . For information regarding the interpretation and application of Canada`s tax treaties, please contact the Canada Revenue Agency (CRA). Contact details are available on the CRA website. On the Cra website you will find information on tax treaties and other information on international tax issues. . Date of entry into force: 1 January and 6 April 1996 (Ireland); 1 January 1996 (Russia). . The Protocol reduces withholding tax rates for dividends and interest payments and exempts certain interest payments and dividends paid to certain schemes from withholding tax.

The Protocol also provides for tax collection assistance and contains provisions in line with the standard for the exchange of tax information developed by the Organisation for Economic Co-operation and Development. The Protocol generally applies from the date of its entry into force on 12 December 2015. However, new Articles 25 and 26 shall apply to all relevant matters, including matters preceding the entry into force of the Protocol, and new Article 26-A shall apply to tax claims relating to a fiscal year beginning after a date of four years before the entry into force of the Protocol. . On September 29, 2015, the Department of Finance Canada announced that the Protocol to the 1976 Income and Capital Tax Agreement with Spain will enter into force on December 12, 2015. The protocol signed on 18 November 2014 is the first to amend the contract. The main changes are summarized as follows. . On that date, another notice of entry into force of the Protocol will be communicated. . Article 26 (exchange of information) is replaced in accordance with the OECD Standard for the Exchange of Information. .

Date of entry into force: 1 January 1998 (Russia); 1 April/6 April 1998 (United Kingdom). . . . On 18 November 2014, a Protocol was signed in Madrid to the Agreement between Spain and Canada on the Prevention of Double Taxation and the Prevention of Fiscal Evasion with regard to Taxes on Income and Capital (the “Protocol”… . . . Article 25 (mutual agreement procedure) is replaced. Canada and Spain shall inform each other of the conclusion of their respective procedures necessary for the entry into force of the Protocol. The Protocol shall enter into force on the expiry of a period of three months from the receipt of subsequent notifications and its provisions shall take effect in accordance with Article 16 of the Protocol. Any foreign tax withheld (or paid) may be eligible for this deduction; However, where a DTT is applicable, its conditions must be taken into account when defining the method for calculating the deduction and the calculation.

. Date of entry into force: 1 September 2000 (South Africa); 1 January 2001 (Russia). Date of entry into force: 1 January 2004 (Russia); 1 July 2004 (Australia). . . .