11.29.07

SIBA publishes updated list of DTAs

Posted in Double Taxation Agreements, International relations, Seychelles offshore jurisdiction at 1:18 pm by Robert Klien

As discussed previously, in recent years, the Seychelles has significantly expanded its double tax treaty network and Double Taxation Treaties is one of the cornerstones of developing Seychelles offshore industry.

Recently, the Seychelles International Business Authority (SIBA) published the updated list of Double Taxation Agreements (DTAs).

So, the DTAs that have already been ratified (so, are currently in force) are the agreements with China, South Africa, Indonesia, Oman, Botswana, Mauritius, Thailand, Malaysia, Vietnam and Cyprus.

The DTAs with Zimbabwe, Qatar, Belgium and the UAE have been signed.

Negotiations about signing DTAs between Seychelles and the following countries – Egypt, Bahrain, Czech Republic, Tunisia, Kuwait, Namibia and Russia – have been concluded.

The Seychelles is holding negotiations about signing the DTAs with Philippines, Malta, Burundi, Ivory Coast, Lesotho, Morocco, Uganda and Barbados. Negotiations with Spain, Pakistan, Israel, Portugal, Turkey, Kenya, Burundi and Zambia are also in progress.

Also, Seychelles agreed to negotiate on signing double tax avoidance treaties with Sweden and Tanzania.

The updated list provided by SIBA shows what has been done and what is still to be done by Seychelles regarding DTA support to the offshore financial services industry.

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