With the approaching end of the year, we bring the latest information on the current state or prospects of new double taxation treaties. Starting from 1 January, the provisions of the treaty with the Republic of Ghana as well as the provisions of the new Double Taxation Avoidance Act with Taiwan will begin to be performed.
In August, a new double taxation treaty with the Republic of Ghana (including a protocol) came into force. The provisions of this treaty will begin to be performed from 1 January 2021. New double taxation treaties with Botswana, Kyrgyzstan, Senegal, Bangladesh and Kosovo are already part of the Parliament’s legislative process; however, they will probably not be passed by the end of the year, or, more precisely, the process of their ratification will not be finished.
We point out that starting from 1 January 2021, provisions of the new Double Taxation Avoidance Act with Taiwan (Act No. 45/2020 Coll.) will begin to be performed. Even though the Act does not have the status of a double taxation treaty, it is an important norm that will prevent double taxation of commercial activities between the Czech Republic and Taiwan. Read more about the topic in the article Adoption of the Double Taxation Avoidance Act with Taiwan.