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1DEZAN SHIRA & ASSOCIATES | Asian Tax Double Treaties 2011
Corporate Establishment, Tax, Accounting & Payroll �roughout Asia
Asian Tax Double Treaties 2011
A compilation of all Asian countries and regional double tax treaties and who they have signed them with.
Bangladesh • Brunei • Cambodia • China • Hong Kong • India • Indonesia • Japan • Laos • Malaysia • Mongolia Myanmar • Nepal • Philippines • Singapore • South Korea • Sri Lanka • Thailand • Taiwan • Vietnam
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Asian Double Tax Treaties 2011
Ma n y c o u n t r i e s throughout Asia have agreed with other countries in treaties to limit taxation (tax
treaties). Tax treaties may cover income taxes, inheritance taxes, value added taxes, or other taxes. Tax treaties tend to reduce taxes of one treaty country for residents of the other treaty country in order to reduce double taxation of the same income. The provisions and goals vary highly; very few tax treaties are alike. Most treaties define which taxes are covered and who is a resident and eligible for benefits, reduce the amounts of tax withheld from interest, dividends, and royalties paid by a resident of one country to residents of the other country, limit tax of one country on business income of a resident of the other country to that income from a permanent establishment in the first country, define circumstances in which income of individuals resident in one country will be taxed in the other country, including salary, self employment, pension, and other income, provide for exemption of certain types of
organizations or individuals, and provide procedural frameworks for enforcement and dispute resolution.
The stated goals for entering into a treaty often include reduction of double taxation, eliminating tax evasion, and encouraging cross-border trade efficiency. It is generally accepted that tax treaties improve certainty for taxpayers and tax authorities in their international dealings.Several governments and organizations have proposed model treaties to use as starting points in their own negotiations. The Organizat ion for Economic Coorperation and Development (OECD, an inter-governmental organization) model treaty is often used as such a starting point. The OECD members have from time to time agreed on various provisions of the model treaty, and the official commentary and member comments thereon provide excellent guidance as to interpretation by each member country.
In this document we provide a quick easy to glance guide as to the Double
Tax Treaties signed by twenty Asian countries. This information is of use to the foreign investor, should your parent company enjoy tax treaty status with your target investment destination, there may well be benefits in applying DTA status to your business and financial modeling. Certain countries, such as China, may require that tax treatment of a foreign investment in the country is specifically catered for and registered with the tax authorities at the time of incorporation. Accordingly it pays to be aware of DTA specific agreements as pertinent to the foreign investor. While typically these may impact on withholding tax, income tax, royalty payments, VAT and dividends tax, the extent of the tax treaty will determine how to apply this to the investment.
For specific information concerning the application of DTA in any of the featured countries, please email us at [email protected] for clarification of the extent of these treaties and how they may be utilized to provide greater financial efficiency in your tax structuring.
Bangladesh’s double tax treatiesCountry or region
DTA signed With:Belgium Canada China Denmark France Germany IndiaItaly Japan Malaysia Netherlands Pakistan Poland RomaniaSingapore South Korea Sri Lanka Sweden Thailand UK VietnamAwaiting ratification/negotiations completed: Egypt Indonesia Iran Mauritius Nepal Norway OmanPhilippines Qatar Saudi Arabia Turkey UAE USA
Brunei’s double tax treatiesCountry or region
DTA signed With:China Indonesia Japan Singapore UK Vietnam Awaiting ratification/negotiations completed: Bahrain Germany Kuwait Laos Malaysia Philippines ThailandPakistan Oman
Cambodia’s double tax treatiesCountry or region
Bilateral Agreements for the Protection and Promotion of Investment:China Germany Indonesia Malaysia Singapore South Korea SwedenThailandNo DTA in place however is a member of ASEAN and is expected to implement its ASEAN DTA by 2012.
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China’s double tax treatiesCountry or region
Albania Algeria Armenia Australia Austria Azerbaijan BahrainBangladesh Barbados Belarus Belgium Brazil Brunei BulgariaCanada Croatia Cuba Cyprus Czech Republic Denmark EgyptEstonia Ethiopia Finland France Georgia Germany GreeceHong Kong Hungary Iceland India Indonesia Iran IrelandIsrael Italy Jamaica Japan Kazakhstan Kuwait KyrgyzLaos Latvia Lithuania Luxembourg Macao Macedonia MalaysiaMalta Mauritius Mexico Moldova Mongolia Montenegro MoroccoNepal Netherlands New Zealand Nigeria Norway Oman PakistanPapua New Guinea Philippines Poland Portugal Qatar Romania RussiaSaudi Arabia Serbia Seychelles Singapore Slovakia Slovenia South AfricaSouth Korea Spain Sri Lanka Sudan Sweden Switzerland TajikistanThailand Trinidad & Tobago Tunisia Turkey Ukraine UAE UKUSA Uzbekistan Venezuela Vietnam
India’s double tax treatiesCountry or region
Armenia Australia Austria Bangladesh Belarus Belgium BotswanaBrazil Bulgaria Canada China Cyprus Czech Republic DenmarkEgypt Finland France Germany Greece Hungary IcelandIndonesia Israel Italy Ireland Japan Jordan KazakhstanKenya South Korea Kuwait Kyrgz Rep. Libya Malaysia MaltaMauritius Mongolia Morocco Myanmar Namibia Nepal NetherlandsNew Zealand Norway Oman Philippines Poland Portugal QatarRomania Russia Saudi Arabia Serbia Singapore South Africa SpainSlovenia Sri Lanka Sudan Sweden Switzerland Syria TanzaniaThailand Trinidad and Tobago Turkey Turkmenistan Uganda UAE UKUkraine USA Uzbekistan Vietnam Zambia
Indonesia’s double tax treatiesCountry or region
Algeria Australia Austria Bangladesh Belgium Brunei BulgariaCanada China Czech Denmark Egypt Finland FranceGerman Hungary India Italy Japan Jordan KuwaitLuxembourg Malaysia Mexico Mongolia Netherlands New Zealand North KoreaNorway Pakistan Qatar Philippines Poland Portugal RomaniaRussia Saudi Arabia Seychelles Singapore Slovakia South Africa South KoreaSpain Sri Lanka Sudan Sweden Swiss Syiria TaipeiThailand Tunisia Turkey Ukraine UAE UK USAUzbekistan Venezuela Vietnam
Japan’s double tax treatiesCountry or region
Armenia Australia Austria Azerbaijan Bangladesh Belarus BelgiumBrazil Brunei Bulgaria Canada China Czech Republic DenmarkEgypt Finland Fiji France Germany Georgia HungaryIndia Indonesia Ireland Israel Italy Kazakhstan KyrgyzstanLuxembourg Malaysia Mexico Moldova Netherlands New Zealand NorwayPakistan Philippines Poland Romania Russia Singapore SlovakiaSouth Africa South Korea Spain Sri Lanka Sweden Switzerland TajikistanThailand Turkey Turkmenistan Ukraine UK USA UzbekistanVietnam Zambia
Hong Kong’s double tax treatiesCountry or region
Australia Bangladesh Belgium Brunei Canada China (mainland) CroatiaDenmark Estonia Ethiopia Fiji Finland France GermanyHungary Iceland Indonesia Ireland Israel Japan JordanKenya South Korea Kuwait Laos Liechtenstein Luxembourg Macao SARMaldives Mauritius Mexico Netherlands New Zealand Norway Russia Singapore Sri Lanka Sweden Switzerland Thailand UK USAVietnam
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Malaysia’s double tax treaties Country or region
Albania Argentina* Australia Austria Bahrain Bangladesh BelgiumCanada China Croatia Czech Republic Denmark Egypt FijiFinland France Germany Hungary India Indonesia IrelandItaly Japan Jordan Kuwait Kyrgyz Republic Lebanon LuxembourgMalta Mauritius Mongolia Morocco Myanmar Netherlands New ZealandNorway Pakistan Papua New Guinea Philippines Poland Romania RussiaSaudi Arabia* Seychelles Singapore South Africa South Korea Sri Lanka SudanSweden Switzerland Syria Thailand Turkey UAE UKUSA* Uzbekistan Vietnam* Limited AgreementAs for Taiwan, double taxation relief was given to Taipei Economic and Cultural Office in Malaysia.
Mongolia’s double tax treatiesCountry or region
Austria Belarus Belgium Bulgaria Canada China CzechRepublicEgypt France Germany Hungary India Indonesia ItalyKazakhstan Kuwait Kyrgyz Republic Luxembourg Malaysia Netherlands North KoreaPoland Romania RussianFederation Singapore South Korea Switzerland TurkeyUkraine UAE UK Uzbekistan Vietnam
Myanmar’s double tax treatiesCountry or region
India Laos Malaysia Singapore South Korea Thailand UKVietnam
Nepal ’s double tax treatiesCountry or region
Austria China India Mauritius Norway Pakistan South KoreaSri Lanka Thailand Awaiting ratification/negotiations completed: Bangladesh
Philippines’s double tax treatiesCountry or region
Australia Austria Belgium Brazil Canada Denmark FinlandFrance Germany Hungary India Indonesia Israel ItalyJapan Malaysia Netherlands New Zealand Norway Pakistan RomaniaRussia Singapore South Korea Spain Sweden Thailand UKUSA Vietnam Awaiting ratification/negotiations completed: Bangladesh Brunei
Singapore’s double tax treatiesCountry or region
Australia Austria Bahrain Bangladesh Belgium Brunei BulgariaCanada China Cyprus Czech Republic Denmark Egypt EstoniaFiji Finland France Germany Hungary India IndonesiaIsrael Italy Japan Kazakhstan Kuwait Latvia Lithuania Luxembourg Mexico Mongolia Myanmar Malaysia Malta MauritiusNetherlands New Zealand Norway Oman Pakistan Papua New Guinea PhilippinesPoland Portugal Qatar Romania Russian Federation Slovak Republic South AfricaSouth Korea Sri Lanka Sweden Switzerland Taiwan Thailand TurkeyUkraine UAE UK Uzbekistan Vietnam
Laos’s double tax treatiesCountry or region
DTA signed With:China Kuwait Myanmar North Korea South Korea Thailand VietnamAwaiting ratification/negotiations completed: Brunei Russia
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South Korea’s double tax treatiesCountry or region
Albania Algeria Australia Austria Azerbaijan Bangladesh BelarusBelgium Brazil Bulgaria Canada Chile China CroatiaCzech Republic Denmark Egypt Estonia Finland France GermanyGreece Singapore South Korea Spain Sweden Thailand UKHungary Iceland India Indonesia Iran Ireland Israel Italy Japan Jordan Kazakhstan Kuwait LaosLatvia Lithuania Luxembourg Lybia Malaysia Malta MexicoMongolia Morocco Myanmar Nepal Netherlands New Zealand NorwayOman Pakistan Papua New Guinea Philippines Poland Portugal QatarRomania Russia Saudi Arabia Singapore Slovakia Slovenian South AfricaSpain Sri Lanka Sweden Switzerland Thailand Tunisia TurkeyUAE UK Ukraine United States Uzbekistan Venezuela Vietnam
Sri Lanka’s double tax treatiesCountry or region
Australia Belgium Bangladesh Canada China Denmark FranceFinland Germany Hong Kong India Indonesia Iran ItalyJapan Kuwait Malaysia Mauritius Nepal Netherlands NorwayOman Poland Pakistan Romania Russia Saudi Arabia SingaporeSouth Korea Switzerland Sweden Thailand U.K. U.A.E. USA Vietnam
Thailand’s double tax treatiesCountry or region
Armenia Australia Austria Bahrain Bangladesh Belgium Bulgaria Canada Chile China Cyprus Czech Republic Denmark Finland France Germany Hong Kong Hungary India Indonesia Israel Italy Japan Kuwait Laos Luxembourg Malaysia Mauritius Myanmar Nepal Netherlands New Zealand Norway Oman Pakistan Philippines Poland Romania Russian Seychelles Singapore Slovenia South Africa South Korea Spain Sri Lanka Sweden Switzerland TurkeyUkraine UAE UK USA Uzbekistan Vietnam DTA under negotiation: Brunei Eire Kenya
Taiwan’s double tax treatiesCountry or region
Australia Belgium Denmark Gambia Indonesia Israel MacedoniaMalaysia Netherlands New Zealand Paraguay Senegal Singapore South AfricaSweden Switzerland Thailand* United Kingdom Vietnam * Treaties signed but not in effect
Vietnam’s double tax treatiesCountry or region
Algeria Australia Austria Bangladesh Belarus Belgium BruneiBulgaria Canada China Cuba Czech Republic Denmark EgyptFinland France Germany HK, China Hungary Iceland IndiaIndonesia Israel Italy Ireland Japan Kuwait LaosLuxembourg Malaysia Mongolia Morocco Myanmar Netherlands North KoreaNorway Oman Pakistan Philippines Poland Qatar RomaniaRussia Seychelles Singapore Slovakia South Korea Spain Sri LankaSweden Switzerland Taiwan Thailand UAE UK UkraineUzbekistan Venezuela
Corporate Establishment, Tax, Accounting & Payroll �roughout Asia
The China Practice Beijing Office: Sabrina ZhangRegional Partner [email protected] Dalian Office:Adam LivermoreRegional Manager [email protected]
Qingdao Office: Liming ZhangSenior [email protected]
Shanghai Office: Olaf GrieseRegional [email protected]
Hangzhou Office: Helen [email protected]
Ningbo Office: Lily [email protected]
Hong Kong Office: Joe SzeManager
[email protected] Office: Rosario DiMaggioSenior Associate [email protected]
Zhongshan Office: Lisa [email protected]
Shenzhen Office: Alberto VettorettiManaging [email protected]
www.dezshira.comMembers of The Leading Edge Alliance, the world’s second largest accounting association
New Delhi Chris Devonshire-EllisManaging [email protected] [email protected]
Mumbai Aneet VirkCountry [email protected]
Chennai [email protected]
The India Practice
Hanoi Hoang Thu HuyenCountry [email protected]
Saigon [email protected]
The Vietnam Practice
